Texas Manufactured Housing Sales in June 2022 and the July Early Read

July Preliminary Data

New manufactured home sales appear to have slowed substantially in July according to the titles issued to date, with sales falling a seasonally adjusted -10.4% from June, and the raw total coming in -7.8% below July of 2021. New home sales for the month are currently running below 2018 levels.

New multi-section sales are down -3.2% compared to a year ago while single-section sales are down -12.6%.

The forecast for new homes sold in July based on the sales titled to date is 1,312 (+/- 194), take the over.

June Data

New home sales titled to date for June are up a seasonally adjusted +4.9% over the previous month, and are up +13.8% over 2021.

The updated forecast for total new homes sold in June moved down slightly to 1,656 (+/- 111).

Annual Totals

New home sales for 2022 are now up +3.3% over last year for all retail sales titled through this point in the calendar year.

Single-section sales are down slightly, while multi-section sales are pushing the total up over 2021.

The forecast for new home sales on the year moved down to 16,428 (+/- 1,342).

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 2022-09-14. Late submissions will impact these figures going forward.

Charts

The monthly sales totals for each year with only titles processed through 9-14 shows 2022 lagging the pre-covid 2019 sales levels from February on.

Note: These calculations are based on titles processed by TDHCA through 2022-09-14. 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 2022-09-14. 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 2022-09-14. 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. The February difference should be the largest on record.

Note: These calculations are based on titles processed by TDHCA through 2022-09-14. Late submissions will impact these figures going forward.

Here are the 12-month moving averages for shipments and retail sales through May 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 2022-09-14. 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 2022-09-14. 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 2022-09-14. Late submissions will impact these figures going forward.

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