Texas Manufactured Housing Sales in June 2020 and July Early Read

July Preliminary Data

The early read has July even with 2019 with a small increase in single-section sales being offset by a small decrease in multi-section sales compared to a year ago.

July sales are lagging June by -13%, which is more than the seasonal average decline of roughly -4.6% when looking at average monthly sales over the series, but June is still on its record pace.

We are forecasting July sales at 1,362 (+/- 179).

June Data

June new home sales were up 9.7% over May and up 12.9% over June of 2019.

Single-section sales were up 14% over May and hit their highest monthly total for the year. The month is still on pace to finish at a June series high.

With the additional month of titling data our sales forecast for the month remains unchanged at 1,576, though the confidence interval has tightened to (+/- 94).

The median age for new home sales reverted towards the 2020 mean in the month of June. Single-sections are still trending older than the year-to-date average, but much less so than last month.

Liberty takes the top spot again with Montgomery County not far behind it.

Used home sales show a slide due to last month’s community purchase in Howe, TX.

Annual Totals

With the inclusion of June’s sales to date, new home sales are now only -1.8% behind 2019. July is tracking flat over last year, but from this point forward a year ago, July 2019 sales titling accelerated so we’ll see if 2020 holds serve.

The updated model is forecasting 15,685 new home sales for 2020. (+/- 1,811)

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

Montgomery County remains number one for new home installations on the year, with Liberty County hot on it’s tail.

May 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 2020-09-14. Late submissions will impact these figures going forward.

Charts

July’s total is right in line with the past two years July sales at this same point historically.

Note: These calculations are based on titles processed by TDHCA through 2020-09-14. Late submissions will impact these figures going forward.

Note: These calculations are based on titles processed by TDHCA through 2020-09-14. Late submissions will impact these figures going forward.

Note: These calculations are based on titles processed by TDHCA through 2020-09-14. Late submissions will impact these figures going forward.

Note: These calculations are based on titles processed by TDHCA through 2020-09-14. Late submissions will impact these figures going forward.

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