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

Rob Ripperda
October 06, 2025
Market Data

The Manufactured Home Builders Index (MHBI) moved up IN September for the second month in a row. The MHBI closed +4.8% over the previous month and outperformed both the broader ITB residential construction index that was down -3% and the S&P 500 that moved up +3.6%.

On the year the MHBI moved into positive territory up +4.8% over 2024 while the ITB is up +5.3%, and the S&P 500 is up +14.7% 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.