Manufactured home building stocks fell another -8.2% in September from the previous month’s close. The total US stock market was down -9.2% over that same period, and the broader residential construction equity market was down -6.9%.
The MHBI ended calendar Q3 up +10.3% from the previous quarter’s close, but is down -34.6% year to date. The ITB is down -36.8% for the year, while the S&P 500 is now down -23.9%.
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.