Manufactured Home Builders Stock Index

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

The Manufactured Home Builders (MHBI) stock index moved down -19.4% in May as earnings reports reflected the large year-over-year pullback in production. The residential construction sector as a whole (ITB) was down -3.5% for the month as large cap US stocks (SPY) finished up +0.5%.

The MHBI is now up +9.9% for calendar year 2023, while the ITB is up +21%, and the S&P 500 is up +9.7%.

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.