Manufactured Home Builders Stock Index

The Manufactured Home Builders Stock Index (MHBI) finished May up 25.2%. The MHBI out performed the ITB Home Construction index which finished the month up 18.4%, and both construction indices finished above the SP 500 gain of 4.8% for the month.

For the year the MHBI was down -13.1% through May, the ITB was down -2.4%, and the SPY was down -4.9%.

Manufactured Home Builders Stock Index (MHBI)

The Manufactured Home Builders Stock Index (MHBI) is a capitalization-weighted index developed by TMHA that inlcudes 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.