Manufactured Home Builders Stock Index
It was a volatile month for the Manufactured Home Builders Index (MHBI) with a large uptick on June 12th following the soft CPI print followed by a downward move after national new home sales numbers came in below expectations. The MHBI finished June down -2.8% from the preceding month’s close, while the broader residential construction market (ITB) was down -4.7% over the same period. The S&P 500 (SPY) finished the month up +3.5%.
With the June close the MHBI is now down -5.7% on the year, the ITB is down -0.4%, and the S&P 500 is up +15.2%.
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.