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

Rob Ripperda
January 08, 2026
Market Data

The Manufactured Home Builders Index (MHBI) fell 1.2% in December, though it finished the year up 8.3%. In contrast, the broader ITB residential construction index dropped 7.2% for the month and ended the year down 5.3%. Meanwhile, the S&P 500 posted a 0.9% monthly gain to close the year up 17.7%.

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.