Tuesday, October 27, 2015

Modular Housing Takes a Hit in Latest Commerce Report

New U.S. single-family home sales fell to near a one-year low in September after two straight months of gains, suggesting a temporary cooling in the market for new houses.

The Commerce Department said on Monday sales dropped 11.5 percent to a seasonally adjusted annual rate of 468,000 units, the lowest level since November 2014. August's sales pace was revised down to 529,000 units from the previously reported 552,000 units.

Based on the latest report from the NAHB about the current market share of 1.5% for modular housing, we are targeted to build only 7,000 modular single family homes for 2015.

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