Texas Manufactured Housing Sales in April 2021 and the May Early Read
May Preliminary Data
New manufactured home sales in May are slightly above where they were running in 2019, and well above 2020 when Texas was just beginning to reopen from the pandemic induced lockdown.
Single-section home sales have accelerated from April and came in above declining multi-section sales.
New home sales in May typically finish up over April, but the fourth of July holiday likely slows down the flow of title processing, so at this point the 929 homes sold marks a seasonally adjusted increase of 6.4% over the previous month.
The forecast for new home sales in May based on sales titled to date is 1,392 (+/- 182).
New Sales | Singles | Multis | Total |
---|---|---|---|
Total for May: | 491 | 438 | 929 |
Change from April (Raw %): | 2.1% | -13.8% | -6.1% |
Change from April (Raw Units): | 10 | -70 | -60 |
Change from April (SA %): | 9.9% | -4.6% | 3.4% |
Change from May of 2020 (%): | 22.1% | 11.5% | 16.9% |
Change from May of 2020 (Units): | 89 | 45 | 134 |
Used Sales | Singles | Multis | Total |
---|---|---|---|
Total for May: | 157 | 58 | 215 |
Change from April (Raw %): | -4.8% | -18.3% | -8.9% |
Change from April (Raw Units): | -8 | -13 | -21 |
Change from April (SA %): | 12.3% | -15.1% | -1.1% |
Change from May of 2020 (%): | -46% | 18.4% | -36.8% |
Change from May of 2020 (Units): | -134 | 9 | -125 |
April Data
New manufactured home sales in April are up a seasonally adjusted 3.1% over March.
Single-section sales temporarily pulled back in April after outselling multi-section homes in March and outselling them in May for sales titled to date as outlined above.
You can see in the first chart below that sales for the month are behind 2019 by -3.8%.
The updated forecast for total new homes sold in April is 1,477 (+/- 94).
New Sales | Singles | Multis | Total |
---|---|---|---|
Total for April: | 572 | 635 | 1,207 |
Change from March (Raw %): | -11.3% | 4.4% | -3.7% |
Change from March (Raw Units): | -73 | 27 | -46 |
Change from March (SA %): | 4.4% | 4.7% | 3.1% |
Change from April of 2020 (%): | 25.4% | 27.3% | 26.4% |
Change from April of 2020 (Units): | 116 | 136 | 252 |
The time interval between when a home was constructed and when it was sold continues to shrink.
New Home Characteristics for April | Singles | Multis | Total |
---|---|---|---|
Median Age of Home (Days): | 92.5 | 90 | 91 |
Average Square Feet: | 1,104 | 1,783 | 1,461 |
Liberty County remains the hottest market for new manufactured home sales in the state.
Top Five Counties for New Installs | Total | Change (MoM%) |
---|---|---|
Liberty | 59 | -6.3% |
Harris | 50 | 0% |
Montgomery | 49 | -14% |
Travis | 41 | -24.1% |
Bexar | 34 | -24.4% |
Used Sales | Singles | Multis | Total |
---|---|---|---|
Total for April: | 217 | 99 | 316 |
Change from March (Raw %): | 4.8% | -10% | -0.3% |
Change from March (Raw Units): | 10 | -11 | -1 |
Change from March (SA %): | 16% | 17.9% | 28.7% |
Change from April of 2020 (%): | 57.2% | 62.3% | 58.8% |
Change from April of 2020 (Units): | 79 | 38 | 117 |
Annual Totals
The annual total for new home sales in 2021 is pulling away from the pandemic depressed low levels of 2020, but the Uri disruption in February and slower sales in April have put the year -3.4% behind 2019.
May of 2020 was when retail sales began to pick up last year and they remained at very high levels through November, ultimately the year finished above 2019.
I don’t expect 2021 to keep pace with 2020 through that entire Q2 through Q4 stretch, but the current forecast for new home sales on the year stands at 15,542 (+/- 1,068), and with consumer search interest in homes for sale remaining above last year’s unprecedented levels, I’d take the over.
New Sales | Singles | Multis | Total |
---|---|---|---|
Total for 2021 titled to date: | 2,761 | 2,828 | 5,589 |
Change from 2020 (%): | 13.1% | 6.2% | 9.5% |
Change from 2020 (Units): | 319 | 164 | 483 |
New Home Characteristics for 2021 | Singles | Multis | Total |
---|---|---|---|
Median Age of Home (Days): | 98 | 94 | 96 |
Average Square Feet: | 1,102 | 1,785 | 1,448 |
Top Five Counties for New Installs | Total | Change (YoY%) |
---|---|---|
Liberty | 280 | 34.6% |
Travis | 269 | 44.6% |
Montgomery | 243 | 4.3% |
Harris | 216 | 2.4% |
Bexar | 183 | 45.2% |
Used Sales | Singles | Multis | Total |
---|---|---|---|
Total for 2021 titled to date: | 1,020 | 488 | 1,508 |
Change from 2020 (%): | -3.3% | 39.4% | 7.3% |
Change from 2020 (Units): | -35 | 138 | 103 |
Because titles continue to come in for past sales months, here are all prior months for the year and what their current sales totals are at this report release.
New Sales Month | Singles | Multis | Total |
---|---|---|---|
January | 447 | 528 | 975 |
February | 428 | 423 | 851 |
March | 681 | 653 | 1,334 |
Used Sales Month | Singles | Multis | Total |
---|---|---|---|
January | 204 | 106 | 310 |
February | 158 | 84 | 242 |
March | 238 | 116 | 354 |
Note: These calculations are based on titles processed by TDHCA through 2021-07-15. Late submissions will impact these figures going forward.
Charts
This first chart shows what monthly sales totals look like for each year in the series for titles processed through 7-15.
Note: These calculations are based on titles processed by TDHCA through 2021-07-15. Late submissions will impact these figures going forward.
The second chart shows monthly totals at the official release date for each month. All of these totals have moved up since release, and the most recent totals can be seen in the chart below this one.
Note: These calculations are based on titles processed by TDHCA through 2021-07-15. Late submissions will impact these figures going forward.
The third chart is all sales data in the series to date with single-section and multi-section home totals plotted.
Note: These calculations are based on titles processed by TDHCA through 2021-07-15. Late submissions will impact these figures going forward.
This chart tracks the difference between shipments and sales each month. Because late title work pushes recent sales totals up, I’m including data through the previous officially released sales month.
Note: These calculations are based on titles processed by TDHCA through 2021-07-15. Late submissions will impact these figures going forward.
The fifth chart is the annual median for the number of days between a homes date of sale and it’s date of manufacture. Prior to 2/22/21 this chart included sales from manufacturers to communities, it now only includes sales from licensed retailers.
Note: These calculations are based on titles processed by TDHCA through 2021-07-15. Late submissions will impact these figures going forward.
The final chart is for all used monthly retail sales data. The outliers are typically the result of community purchases were titles move from the previous to the new MHC owner.
Note: These calculations are based on titles processed by TDHCA through 2021-07-15. Late submissions will impact these figures going forward.
TMHA’s Market Research Reports and Tools
Total Market
- Total Retail Sales Market (25-month)
- Manufactured Home Builders Stock Index (2018-2021 YTD)
- “Mobile Homes for Sale” Google Search Interest (2012-2021 YTD)
- Average Sales Price of New Homes in the South (25-month)
- New Home Retail Sales by Installation County Interactive (2012-2021 YTD)
- Retail Sales by Installation County (2012-2021 YTD)
Retailer
- My Stats Dashboard (24-month)
- Annual Retailer Sales Totals (2012-2021 YTD)
- Monthly Retailer Sales Totals (2012-2021 YTD)
- Individual Retailer Sales by Installation County (2012-2021 YTD)
Manufacturer
- Annual Manufacturer Retail Sales (2012-2021 YTD)
- Monthly Manufacturer Retail Sales Totals (2012-2021 YTD)
- Manufacturer New Home Totals per Retailer (2012-2021 YTD)
- Annual New Home Retail Sales by Manufacturer Model (2012-2021 YTD)
- Annual Manufacturer Shipments Report (2014-2021 YTD)
- Monthly Manufacturer Shipments Report (2012-2021 YTD)
Communities
Lender
- Annual Lender Lien-Attached Retail Sales (2012-2021 YTD)
- Monthly Lender Lien-Attached Retail Sales (2012-2021 YTD)