Manufactured Home Builders Stock Index (MHBI) August 2025 - Performance Analysis

Rob Ripperda
September 03, 2025
Market Data

The Manufactured Home Builders Index (MHBI) moved up strongly in August as earnings announcements beat estimates for all of the component companies. The MHBI rose +26.9% for the month outperforming the broader ITB residential construction index that was up +13.6% and the S&P 500 that moved up +2.1%.

On the year the MHBI is now even with its 2024 closing price while the ITB moved into positive territory up +8.6%, and the S&P 500 finished August +10.7% over last years close.

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.