Manufactured home shipments rose 7% in 1996Factory...

REAL ESTATE WATCH

March 02, 1997

Manufactured home shipments rose 7% in 1996

Factory shipments of manufactured homes totaled 363,411 in 1996, a 7 percent increase over the 339,601 units moved in 1995, according to figures released by the Manufactured Housing Institute.

December shipments, however, showed a 4.5 percent decline to 22,947 homes from 24,034 for the final month of 1995.

The exception was Texas, where December shipments were 34.6 percent higher last year than they were in 1995. For all of 1996, shipments to Texas were up 20 percent.

Multisection homes represented 56 percent of the manufactured housing shipped in December and 52 percent of the homes sold in 1996, according to MHI. Clayton Homes reported a 10 percent increase in retail shipments.

New orders rose 6% for Ryland in January

Ryland Homes of Columbia had a 6 percent increase in new orders for January, slightly lower than the 6.2 percent improvement registered by homebuilders surveyed by Salmon Brothers.

Building products registered gains in all categories, including flooring, roofing, paint, wallboard, siding and cabinets.

Flooring registered a 12 percent increase over the same month last year, led by a 14 percent rise in resilient tile sales and a 16 percent jump in hardwood floor orders. The National Association of Home Builders expects repair and remodeling expenditures to increase by 6 percent to $125.3 billion in 1997, up from $118.5 billion in 1996.

Pub Date: 3/02/97

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