Manufactured Home Builders Stock Index
The Manufactured Home Builders (MHBI) stock index moved down -10.2% in April from the preceding month’s close, following the broader residential construction market (ITB) that was down -10.3% over the same period. Large cap US stocks (SPY) were down -4.0%.
With the April close the MHBI gave up most of the first calendar quarter gains to land at +1.0% on the year, while the ITB was up +2.2% on the year, and the S&P 500 was up +5.9%.
Manufactured Home Builders Stock Index (MHBI)
The Manufactured Home Builders Stock Index (MHBI) is a capitalization-weighted index developed by TMHA that includes publicly traded companies whose primary line of business is the construction and sale of manufactured housing.
SPDR S&P 500 ETF Trust (SPY)
The SPDR S&P 500 ETF Trust (SPY) is included as a market benchmark to see how manufactured home builders are doing in comparison to the broader US equity market.