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

Rob Ripperda
November 03, 2025
Market Data

The Manufactured Home Builders Index (MHBI) moved down in October giving back the gains it had made over the previous two months. The MHBI closed -10.3% under the previous month’s close and trailed the broader ITB residential construction index that was down -6.4%. The S&P 500 finished the month up +2.4% marking the sixth straight month of gains for the large-cap index.

On the year the MHBI moved back into negative territory down -6.0% from 2024, the ITB is down -6.4%, and the S&P 500 extended its gains to +17.4% year-to-date.

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.