Manufactured Home Builders Stock Index
The Manufactured Home Builders Index (MHBI) moved lower in April with a -6.9% decrease from the previous month. The MHBI moved lower with both the broader ITB residential construction index declining -3.3% and the S&P 500 finishing the month down -0.9%. Stocks moved lower after the United States tariff announcement on April 2, before recovering some of those losses by month’s end.
On the year the MHBI is still positive, up +2.8% while the ITB is down -10.9% and the S&P 500 is down -5.1%.
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.