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

Rob Ripperda
March 04, 2026
Market Data

The Manufactured Home Builders Index (MHBI) bounced back in February finishing the month up +17.6% on additional earnings announcements, the US House passage of a pro manufactured housing bill, and declining mortgage rates.

The broader ITB residential construction index moved up +5.4% for the month as well while the S&P 500 finished down -0.9%.

The MHBI is now up +4.6% on the year, the ITB is up +11.7%, and the S&P 500 is up +0.6%.

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.