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TX Manufactured Home Production Should Accelerate in Year’s First Half
Production of manufactured homes in Texas increased in December, according to the latest Texas Manufactured Housing Survey (TMHS) from the Texas Manufactured Housing Association and the Real Estate Research Center at Texas A&M. Manufacturers unanimously pointed toward acceleration in the first half of 2021 as they attempt to whittle down backlogs and supply-chain disruptions subside.
Despite the boost in production, general business activity was flat but should improve after the holiday season. The volume of new orders and sales recovered from dips in October and November. Manufacturers continued to invest in physical capital but expect this to level off in 2021.
“Most plants in Texas close for the week of Christmas, making December a low month for total number of homes shipped,” according to Rob Ripperda, TMHA’s VP of operations. “But manufacturers’ daily floor production is increasing, and they continue shipping more multi-section homes with larger amounts of square footage.”
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- ◦Economy