Manufactured Home Builders Stock Index (MHBI) July 2025 - Performance Analysis


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.

iShares U.S. Home Construction ETF (ITB)

The iShares U.S. Home Construction ETF (ITB) is included for comparison sake to show how the Manufactured Home Builders Stock Index is doing relative to a broad index of the overall residential construction sector. The ITB index includes some of the same manufactured home companies as the MHBI, but the weights within each are very different.

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.