May 2016 Reports and June Preliminary Data

Thursday, August 18, 2016 2:02:14 PM

New titles for May were down about 7% from the preceding month, but outpaced May of 2015 by double digits for both multi-section (+13.37%) and single-section (+10.54%) homes. Greater Houston put up a solid month with Harris (+1.89%), Montgomery (+28.95%), and Liberty (+19.05%) counties all in the top ten for the month and selling more new homes than they did in April. Not too far from there, Orange (+30.77%) and Hardin (+36.36%) were also up over their April sales.

Greater Austin saw Travis County (-46.38%) sales slide back from the big total it posted in April, but compared to May of last year, Travis (+23.33%) and Hays (+133.33%) both showed solid year-over-year growth and were among the top ten for county sales in May.

Looking at June, shipments were up 6.96% over May, and up 7.88% over June of 2015, with both multi-section and single-section shipments positively contributing. New titles are tracking ahead of June of 2015 as of now, which is great news as we saw an increase in retail home sales for that month last year.

We have a couple of new reports to announce this week. The first is the Annual Manufacturer Shipments Report which tracks MH shipments per individual manufacturer for the year. The second is the Annual Manufacturer Modular Floor Production Report which tracks IHB modular floors reported to TDLR per licensed manufacturer. These reports will be updated when the source data becomes available from TDHCA and TDLR, roughly around the 25th of the following month.

For all of you that were at Convention this week, it was a pleasure seeing you and it was great to hear that business continues to look good for July and August!

May

New TitlesSinglesMultisTotal
Change from April: -1.15%* -12.76%* -6.99%*
Change from May of 2015: 10.54%* 13.37%* 11.85%*
January through May 2016 change from 2015 (%): 2.52%* 13.09%* 7.35%*
January through May 2016 change from 2015 (Units): 65* 285* 350*
ShipmentsSinglesMultisTotal
Change from April: -16.2%† -4.34%† -11.1%†
Change from May of 2015: 2.55%† -15.06%† -6.42%†
January through May 2016 change from 2015 (%): -11.01%† 6.18%† -3.56%†
January through May 2016 change from 2015 (Units): -368† 158† -210†
Used TitlesSinglesMultisTotal
Change from April: -37.9%* -21.01%* -31.95%*
Change from May of 2015: -23.6%* 11.9%* -12.21%*
January through May 2016 change from 2015: 22.82%* 12.98%* 19.13%*
Total TitlesSinglesMultisTotal
Change from April: -12.04%* -14.29%* -13.09%*
Change from May of 2015: 1.09%* 13.11%* 6.28%*
January through May 2016 change from 2015: 7.64%* 13.07%* 10.02%*

June

ShipmentsSinglesMultisTotal
Change from May: 11.7%† 1.44%† 6.96%†
Change from June of 2015: 5.53%† 11.06%† 7.88%†
January through June 2016 change from 2015 (%): -8.5%† 6.9%† -1.85%†
January through June 2016 change from 2015 (Units): -335† 207† -128†
TitlesSinglesMultisTotal
New change from June 2015: 5.24% 2.57% 3.89%
Used change from June 2015: 9.01% 33.33% 16.97%
Total change from June 2015: 6.03% 6.03% 6.02%

April

RevisionsSinglesMultisTotal
New titles increased: +23 +25 +48
Used titles increased: +25 +6 +31

TMHA’s Reports

Lender

* Note: These calculations are based on titles processed by TDHCA that were submitted on time. Late submissions will impact these figures going forward.

† Note: Shipment data is compiled from TDHCA’s Texas Manufacturer’s Report and their Out of State Manufacturer’s Report.