Modular Industry Outlook for 2004
The National Modular Housing Council reports continued solid growth in the modular housing sector at the national level for the first quarter of 2004. In NMHC’s state and national survey of modular home shipments conducted by Hallahan Associates of Baltimore, MD, total homes shipped for the first quarter of 2004, and percentage change from a year ago were reported as 8,800 modular homes or a 14% increase.
Thanks to the initiative and resources of the National Modular Housing Council, modular home growth was tracked on a quarterly basis in almost 25 states beginning in 2003. The NMHC added three more states, Georgia, Florida, and Illinois, beginning with the first quarter of 2004.
For calendar year 2004, modular shipments nationally are expected at present to be 41,000 homes, up 8.5% over 2003’s level of 37,800. In terms of medium-term trends, these figures compare with 26,000 modular homes shipped nationally in 1994.
For the top ten states in modular shipments, some rankings changed in 2003 compared to 2002. South Carolina moved into the top ten in 2003, ranked at number nine, while Colorado dropped out of the top ten. Minnesota stayed in the top ten falling from number nine to number ten. Virginia switched positions with Pennsylvania, passing it to become number five on the top ten.
The first quarter 2004 results, and percentage changes from a year ago for the 2003 top ten states, were reported as follows:
For greater detail on the NMHC’s coverage of 24 states and the U. S. national picture, please visit www.modularcouncil.org.
Please note that access to this information is limited to members only and is password protected. Quarterly 2003 data on modular homes will be published approximately eight weeks after the end of a quarter.