Dow Rises Nicely, Most Tracked Housing Follows

CNNMoney reports the Dow Jones Industrial Average spiked 291.23 points on good news of Black Friday sales, and encouraging news about the European debt crisis. The Dow closed 11,523.01, a gain of 2.59 percent. The Yahoo! Finance Manufactured Housing Composite Value gained 2.63 percent to close at 736. Most tracked housing stocks closed up. Affiliated Managers Group gained the most of tracked stocks, rising +5.90, a gain of 7.21 percent, to close at 87.74. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathawayt113,805 +2,505.00 (+2.25%). Cavco Industries 39.69 +1.27 (+3.31%). Champion, Deer Valley, Liberty and Palm Harbor were all unchanged. Drew Industries 21.00 +1.26 (+5.32%). Equity Lifestyle Properties 59.72 +0.31 (+0.52%) Nobility Homes 6.22 +0.07 (+1.14%). Patrick Industries remained unchanged at 2.60. Skyline Corporation 5.09 -0.01 (-0.20). Sun Communities 34.49 +0.99 (+2.96%). Third Avenue Value Fund (11-25) slid the most of tracked stocks, losing -0.39, -0.99, to close a 38.84. UMH Properties 9.20 +0.19 (+2.11%). Universal Forest Products, Inc. 25.62 +1.31 (+5.39%), but sliding another -0.15 in after hours trading.

(Graphic credit: CNNMoney and  RealTick)

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