Manufactured Home Builders Stock Index
The Manufactured Home Builders (MHBI) stock index moved up +17.5% in February from the preceding month’s close with solid earnings announcements early in the month and a bounce back from a higher than expected CPI print. The broader residential construction market (ITB) finished the month up +7.9% and large cap US stocks (SPY) were up +5.2%.
With the February close the MHBI is currently up +10.0% on the year, the ITB is up +6.1%, and the S&P 500 is up +6.9%.
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.