Texas Manufactured Housing Sales in August 2022 and the September Early Read

September Preliminary Data

New manufactured home sales moved higher in September according to the titles issued to date, with sales increasing a seasonally adjusted +7.2% from August. New home sales for September are currently running +6% over the same month in 2021.

New home sales are also ahead of September of 2020 and 2019 as well.

The forecast for new homes sold in September based on the sales titled to date is 1,455 (+/- 195).

August Data

New home sales titled to date for August moved up a seasonally adjusted +3.7% from the previous month, and were up +9.3% from August of 2021.

The updated forecast for total new homes sold in August moved up slightly to 1,461 (+/- 110).

Annual Totals

New home sales for 2022 are now up +2.5% over last year for all retail sales titled through this point in the calendar year.

Single-section sales are up slightly at +1.5% and multi-section sales are up +3.5%.

The forecast for new home sales on the year moved up to 16,645 (+/- 1,163).

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.

Note: These calculations are based on titles processed by TDHCA through 2022-11-15. Late submissions will impact these figures going forward.

Charts

The first chart shows monthly sales totals for each year with only titles processed through 11-15.

Note: These calculations are based on titles processed by TDHCA through 2022-11-15. 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 2022-11-15. 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 2022-11-15. 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. Retail sales have not beaten shipments in any month since July of 2021.

Note: These calculations are based on titles processed by TDHCA through 2022-11-15. Late submissions will impact these figures going forward.

Here are the 12-month moving averages for shipments and retail sales through July sales. Because late title work pushes recent sales totals up, I’m including data through the previous officially released sales month, but the last several months will move up as title work continues to be processed.

Note: These calculations are based on titles processed by TDHCA through 2022-11-15. Late submissions will impact these figures going forward.

This chart displays the annual median for the number of days between a home’s 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 2022-11-15. 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 2022-11-15. Late submissions will impact these figures going forward.

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