Manufactured Home Builders Stock Index
The Manufactured Home Builders (MHBI) stock index moved up +2.2% in March from the preceding month’s close, but trailed the broader residential construction market (ITB) that was up +7.4% and large cap US stocks (SPY) which were up +3.3%.
With the March close the MHBI finished the first calendar quarter up +12.5% on the year, while the ITB was up +14.0%, and the S&P 500 was up +10.4%.
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.