Manufactured Home Builders Stock Index

Tuesday, March 31, 2020 3:29:00 PM

Manufactured home building stocks fell another -8.2% in September from the previous month’s close. The total US stock market was down -9.2% over that same period, and the broader residential construction equity market was down -6.9%.

The MHBI ended calendar Q3 up +10.3% from the previous quarter’s close, but is down -34.6% year to date. The ITB is down -36.8% for the year, while the S&P 500 is now down -23.9%.

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.

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.