Skyline Rises nearly 5 Percent; Nasdaq Nudges Up, Dow Slips

stock_report_July_30The Federal Reserve plans to trim its bond-buying program by $10 billion to $25 billion, down from a peak of $85 billion, as planned, but will keep interest rates low, according to what CNNMoney tells MHProNews. The news trimmed losses on the stock market, spurring the Nasdaq to end in positive territory as it gained +0.45 percent, +20.20 points, to close at 4,462.90, while the Dow Jones Industrial Average slipped -0.19 percent, -31.75 point to close at 16,880.36. The S&P 500 nudged up +0.01 percent, +0.12 points, to finish the day at 1,970.07. The Yahoo! Finance Manufactured Housing Composite edged up +0.32 percent to finish at 793.6. Most stocks we cover closed mixed or even, although Skyline Corp. advanced more than other tracked stocks, +0.225, +4.97 percent, to close at 4.75, while Patrick Industries, Inc. dropped the most of stocks we follow, -2.00 percent, -0.89 points, to close at 43.61. Affiliated Managers Group 205.47 +1.39 (+0.68%). Cavco Industries, Inc. 74.34 -1.31 (-1.73%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 191,716 +558.00 (+0.29%). Deer Valley Corp. remained at 0.66. Drew Industries 45.31 -0.47 (-1.03%). Equity LifeStyle Properties 44.86 -0.04 (-0.09%). Liberty Homes remained unchanged at 1.50. Louisiana Pacific Corp. 13.78 +0.17 (+1.25%). Nobility Homes, Inc. 10.75 +0.09 (+0.84%). Sun Communities, Inc. 52.89 +0.19 (+0.36%). Third Avenue Value Fund 62.17 (July 29) -0.06 (-0.10%). UMH Properties, Inc. 9.95 +0.11 (+1.12%). Universal Forest Products, Inc. 44.71 -0.03 (-0.07%). ##

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