Manufactured Housing Shipments Over Time

After reaching a new high in 2022, manufactured housing shipments have dropped significantly

Source: Construction Coverage analysis of U.S. Census Bureau data | Image Credit: Construction Coverage

After plummeting during the onset of the pandemic, manufactured home shipments rose to an annual rate of 123,000 in March 2022, more than doubling over the course of a decade. However, the landscape shifted dramatically as elevated mortgage interest rates and persistent inflation took hold, leading to a significant drop in shipments. By March 2023, shipments had fallen by a third compared to the prior year. Although shipments have gradually rebounded as inflation has eased, the annual shipment rate of approximately 104,000 in July 2024 remains approximately 15% below the March 2022 peak.