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

Rob Ripperda
May 05, 2026
Market Data

The Manufactured Home Builders Index (MHBI) finished April up +3.7%, while the broader ITB residential construction index finished up +6.4%. Both construction indices had been tracking in line with the S&P 500 which moved up +10.5% for the month, but a broad residential construction rotation on April 29th gave up a large portion of the month’s gains before a modest recovery to close the month.

The MHBI is now down -10.8% on the year, the ITB is up +0.2%, and the S&P 500 is up +5.7%.

Percent change from start of period

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.