Manufactured Home Builders Stock Index (MHBI) July 2025 - Performance Analysis
Rob Ripperda
The Manufactured Home Builders Index (MHBI) moved lower for the fifth straight month finishing July -4.6% below the previous months close. The broader ITB residential construction index moved higher on the month, up +4.6% after DR Horton and Pulte beat earnings estimates, and the S&P 500 moved up again with a +2.3% gain.
On the year the MHBI is now down -21.2% while the ITB is down only -4.4% and the S&P 500 is up +8.5% over last years close.
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.