April was a rough month for stocks across the board with manufactured home builder equities finishing the month down -6.1%. The factory-built housing sector trailed the broader residential construction market that posted a -2.6% decline for the month, while the S&P 500 finished April down -8.8%.
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.