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TX Manufactured Housing Continues Ramping Up
Texas’ manufactured housing industry continued to ramp up production in September as new orders and sales volume maintained a steady climb, according to the latest Texas Manufactured Housing Survey (TMHS). The monthly survey is produced by the Texas Manufactured Housing Association and the Real Estate Center at Texas A&M in College Station.
“The manufactured housing industry is providing a product that is increasingly attractive to many homebuyers, especially those looking to migrate outside of urban areas,” said Real Estate Center research economist Dr. Harold Hunt.
Supply-chain disruptions and contractions in the labor supply, however, prevented production at full capacity and contributed to a large increase in backlogs.
A combination of robust demand and supply-side constraints have translated to higher sale prices, but the price of raw materials has also elevated in recent months. Manufacturers, however, anticipate inflationary pressures to subside by the end of the year, according to the TMHS.
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- ◦Economy
