Manufactured Home Builders Stock Index
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.
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.