Texas Manufactured Housing Sales in July 2020 and August Early Read

August Preliminary Data

The early look at August home sales shows an 11.5% expansion over August of 2019 and sales are currently at their highest August total for titles issues through October 16th in our series.

New home sales in August are typically around 7% higher than July so the 10.8% increase August sales have over July at this point is further evidence of an expanding market.

Halfway through the month of October and the rate of new titles per month is running at 82 new homes per TDHCA business day. If that rate holds it would mark the third highest total in our series, the highest mark was set last month at 88 new homes per day and the total new homes titled in September hit a record of 1,929 homes. Prior to that the highest amount of new homes titled in a month was June of 2018 at 1,818 homes.

Plugging in the early release total our regression model is forecasting 1,551 new home sales for August (+/- 182). In the past the model has had a tendency to shoot high for August so we will continue to explore whether that’s a seasonal factor we need to account for or whether that’s random noise.

July Data

New home sales in July diverged from last year and came in -5.3% below 2019.

The release total regression model is now forecasting 1,432 new homes sold for the month (+/- 91), but July has the second highest variance in totals and the model has tended to be too bullish in the past.

The median age for new home sales in July moved up 9 days from June for single-section homes and a full 40 days for multi-sections.

Liberty County was down but less so than the state and retained the top spot for new home installations. Bastrop County jumped into the fifth spot.

Used home sales appeared to be way up year-over-year in July.

Annual Totals

New home sales further closed the gap on 2019 and are less than -0.5% behind.

The updated model is now forecasting 16,012 new home sales for 2020 (+/- 1,593).

The median number of days between a home’s date of sale and it’s manufactured date moved up for multi-section homes, and both housing types are still at series highs.

Liberty County has overtaken Montgomery County for the number one spot for new home installations on the year.

June Revisions

Revised Monthly Totals

Because titles continue to come in for past months sales, here are all prior months for the year and what their current sales totals are at.

Note: These calculations are based on titles processed by TDHCA through 2020-10-16. Late submissions will impact these figures going forward.

Charts

With additional late title work coming through, June of 2020 is now at the second highest new home sales total for any month in the series through 10-16.

Note: These calculations are based on titles processed by TDHCA through 2020-10-16. Late submissions will impact these figures going forward.

Note: These calculations are based on titles processed by TDHCA through 2020-10-16. Late submissions will impact these figures going forward.

Note: These calculations are based on titles processed by TDHCA through 2020-10-16. Late submissions will impact these figures going forward.

Note: These calculations are based on titles processed by TDHCA through 2020-10-16. Late submissions will impact these figures going forward.

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