The Manufactured Home Builders (MHBI) stock index finished December down -0.4% from the previous month’s close. The total US stock market (SPY) was down -5.8% for the month, and the broader residential construction equity market (ITB) was down just -0.3%.
The December decline puts the MHBI down -32.8% for the year, the ITB finished down -26.3%, and the S&P 500 was down -18.2%.
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.