Deer Valley Homebuilders Leaps, Dow Dips, MHCV Slips

8-26-2016DowTickerCNNMoney-postedDailyBusinessNews-MHProNews
Image credit, CNN Money.

The brakes are being tapped on stocks, as Fed Chair Janet Yellen has said that the odds of a rate hike have strengthened. Talk of negative rates, as well as two possible rate hikes this year are being floated. Oil, gold, the Dow and S&P 500 have all retreated, while the Nasdaq posted a modest gain.

Daily Business News Market Tracker:

Dow 18,395.40 -53.01 -0.29.

S&P 500 2,169.04 -3.43 -0.16.

Nasdaq 5,218.92 6.71 0.13.

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Image credit, Bloomberg.

The Yahoo! Finance Manufactured Housing Composite Value (MHCV) gained -1.27 percentage points, and finally settled at $1,396.10.

YahooFinanceManufacturedHousingCompValue-8262016-postedDailyBusinessNewsMHProNews

 

The MH-related stocks biggest loser was UMH Properties (UMH), and the biggest gainer was Deer Valley Homebuilders (DVLY) with a 9.09 percent climb to close at $105.40. Affiliated Managers Group (AMG) was featured in a special report today, linked here, and their day closed up.

*Note: the chart below includes stocks not included in the MHCV

2016-08-26_1645Bloomberg-ManufacturedHousingConnectedStocks-PostedDailyBusinessNews-MHProNews

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Manufactured Housing related stocks tickers credit, Bloomberg, for the Daily Business News, MHProNews.com

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.  Drew, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

(Image credits are as shown.)

(Editor’s Note: Matthew Silver is taking some much needed and well-earned time off, and L. A. “Tony” Kovach will be helping fill the Daily Business News role in the interim).

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L. A. ‘Tony’ Kovach is the publisher of MHProNews.com and MHLivingNews.com.

MH Industry Market Report by L. A. “Tony” Kovach, to Daily Business News for MHProNews.

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