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All Three Indexes and Many Housing Stocks Advance

June 27th, 2012

The highest pending home sales rate in two years in May, and a rise in durable goods orders, trumped the fear wafting across the Atlantic from the troubled Eurozone, as all three indexes pushed higher on hump day. CNNMoney tells us the Dow Jones Industrial Average gained +92.34 points, +0.74%, to close at 12,627.01. The Nasdaq rose +0.74 percent, the same percentage as the Dow, to 2,875.32, while the S&P gained +0.90 percent to 1,331.85. The Yahoo! Finance Manufactured Housing Composite rose +2.36 percent to close at 1,042.22. Most of the housing stocks we track closed on the positive side, or even. Cavco Industries gained the most of stocks we follow, adding +4.23%, +1.98, to close at 48.90. Nobility Homes fell the most of tracked stocks, dropping -6.10%, -0.39, to close at 6.00. Affiliated Managers Group 104.34 +1.56 (+1.52%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 122,600 +471.00 (+0.39%). Champion, Liberty Homes, Deer Valley, and Palm Harbor all remained unchanged. Drew Industries 26.97 +0.45 (+1.70%). Equity Lifestyle Properties 66.15 +0.2975 (+0.46%). Louisiana Pacific Corp. 10.62 +0.07 (+0.66%). Patrick Industries, Inc. 11.67 -0.12 (-0.97%). Skyline Corp. 4.85 +0.19 (+4.08%). Sun Communities 42.25 +0.52 (+1.26%). Third Avenue Value Fund (6-26) 42.97 +0.23 (+0.54%). United Forest Products, Inc. 38.60 +0.5 (+1.45%). UMH Properties 10.50 +0.05 (+0.48%).

(Graphic credit: CNNMoney and RealTick)


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