Manufactured Home Builders Stock Index (MHBI) January 2026 - Performance Analysis

Rob Ripperda
February 06, 2026
Market Data

The Manufactured Home Builders Index (MHBI) started with a volatile first month on the year intitially moving up strongly with the wider home building market after the Trump administration directed GSEs to purchase $200 billion in mortgage backed securities, but subsequently fell to close the month down 11.1% after earnings announcements began below analyst expectations.

The broader ITB residential construction index moved up 6% for the month and the S&P 500 posted a 1.5% gain.

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.