Texas Manufactured Housing Sales in August 2019

August

New home sales for August moved down from July and were down from August of 2018. Single-section sales actually increased over July while multi-sections were down significantly. The month-over-month decline in multi-section sales was enough that single-section homes out sold multi-section homes for just the second time this year.

Even with the gains single-sections were below the strong single-wide sales of last August, and multi-sections sales were right in line with sales one year ago.

I’ve been tracking the median age of new homes sold for a few months now and I will include those numbers for homes sold for each reported month from here on out. I’m defining the age of a new home as the Sale Date - Manufactured Date.

This new metric should be a good way to track inventory fluctuation. A word of caution though, it is fairly volatile from month to month and I find it most useful at the annual level. I will include the current year’s numbers below in the Annual Totals section and a chart tracking the median age per year in the Charts section.

I’ve also included the average square footage for homes sold in the current reporting month.

Harris County retained the top spot for new home installations, Montgomery swapped spots with Liberty County to come in second, and Midland County bumped Travis out of the top five.

Used home sales were up sharply from July and down from August of last year.

Annual Totals

The year to date gain for 2019 over 2018 has narrowed to +1.5%

The median age of a new single-section sold in 2019 at 118 days is elevated above the median age of a multi-section home and supports that retailers are selling more of those homes out of inventory.

The top five counties for new home installations were unchanged from last month.

September Preliminary Data

The early read on September has new single-section home sales moving down from August and multi-section sales moving back up.

Single-section sales are flat from September of 2018 and multi-section home sales are way up, so the August decline in multi-section sales may not persist.

July Revisions

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

Charts

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

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

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

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