Texas Manufactured Housing Sales in September 2019

Tuesday, December 17, 2019 3:04:38 PM

September

New home sales for September moved down from August, with a large decline in single-section home sales from the previous month. Multi-section home sales grew 3% and overtook single-section home sales again as they have for all of 2019 save August and March.

September new home sales look much better in comparison to September of 2018. New single-section sales were below where they were a year ago, but multi-section sales were up 32%, a margin large enough to push total homes sold on the month 122 homes higher than a year ago.

New SalesSinglesMultisTotal
Total for September: 479 579 1,058
Change from August (%): -23.8% 3% -11.2%
Change from August (Units): -150 17 -133
Change from September of 2018 (%): -3.8% 32.2% 13%
Change from September of 2018 (Units): -19 141 122

The median age of a new home grew 8-10 days for both single-section and multi-section sales. Single-sections remain elevated.

New Home Characteristics for SeptemberSinglesMultisTotal
Median Age (Days): 127 110 121
Average Square Feet: 1,093 1,733 1,443

New home installations increased in Liberty and Travis counties over last month, while the rest of the top five were lower compared to August.

Top Five Counties for New Installs this MonthTotalChange (MoM%)
Harris 53 -13.1%
Liberty 48 26.3%
Ector 45 -6.2%
Travis 41 17.1%
Montgomery 32 -39.6%

An MH community sale pushed used home sale data up sharply over the preceding month and over September of last year.

Used SalesSinglesMultisTotal
Total for September: 313 103 416
Change from August: 51.9% 14.4% 40.5%
Change from September of 2018: 69.2% 25.6% 55.8%

Annual Totals

The year to date gain for 2019 over 2018 moved up to +2.7%.

New SalesSinglesMultisTotal
Total for 2019 through September: 5,576 6,064 11,640
Change from 2018 (%): -6.1% 12.4% 2.7%
Change from 2018 (Units): -362 668 306

The median age of new homes sold on the year was little changed with another month of titling data included.

New Home Characteristics for 2019SinglesMultisTotal
Median Age (Days): 117 94 106
Average Square Feet: 1,098 1,744 1,434

Montgomery County is now flat for new home installations on the year and Midland is the only top five county with a decrease in new home installations.

Top Five Counties for New Installs this YearTotalChange (YoY%)
Harris 528 8.6%
Ector 481 20.2%
Montgomery 426 0%
Midland 376 -4.3%
Travis 366 51.2%
Used SalesSinglesMultisTotal
Total for 2019 through September: 2,238 1,005 3,243
Change from 2018 (%): -9.2% 0.5% -6.4%
Change from 2018 (Units): -228 5 -223

October Preliminary Data

The early look on October new home sales is solid with both single-section and multi-section homes tracking ahead of September. Multi-section sales remain elevated over October of last year and single-sections are upslightly.

New SalesSinglesMultisTotal
Total for October: 444 508 952
Change from September: 11.8% 16.2% 14.1%
Change from October of 2018: 0.7% 43.1% 19.6%
Used SalesSinglesMultisTotal
Total for October: 141 57 198
Change from September: 0% -9.5% -2.9%
Change from October of 2018: -28.1% -12.3% -24.1%

August Revisions

RevisionsSinglesMultisTotal
New sales increased: +58 +71 +129
Used sales increased: +15 +6 +21

* 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.