Mfg. Housing Composite, Patrick, Drew, and LPX all Drop

With all three major indexes up six to eight percent for the year, investors took a step back, digesting mixed housing market news, as all three indexes fell. CNNMoney reports the Dow Jones Industrial Average moved down -0.77 percent, -108.13 points, to end the day at 13,927.54. The Nasdaq dropped -1.53 percent, -49.19 points, to close at 3,164.14, while the S&P fell -1.24 percent, -18.99, to end the week at 1,511.95. After gaining +5.61 percent yesterday, the Yahoo! Finance Manufactured Housing Composite fell -7.45 percent to close at 1460.6. Housing stocks we track closed mixed, several falling significantly, or even. Third Avenue Value Fund (Feb. 19) gained the most of tracked stocks, though minimally, moving up +0.40 percent, +0.21, to end the day at 52.83. Patrick Industries dropped the most of the stocks we follow that lost, dropping -8.83 percent, -1.34, to end the day at 13.83. Affiliated Managers Group 145.42 -3.20 (-2.15%). Cavco Industries 45.80 -1.58 (-3.33%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 151,000 -1.498 (-0.98%). Champion, Liberty Homes, Deer Valley and Palm Harbor continued unchanged. Drew Industries 35.85 -2.82 (-7.29%). Equity LifeStyle Properties 74.85 +0.28 (+0.38%). Louisiana Pacific Industries 20.57 -1.33 (-6.07%). Nobility Homes remained unchanged at 5.18. Skyline Corp. 4.64 -0.09 (-1.90%). Sun Communities, Inc. 46.75 +0.04 (+0.09%). Universal Forest Products, Inc. 39.91 -0.72 (-1.77%). UMH 10.15 -0.18 (-1.74%).

(Graphic credit: CNNMoney and RealTick)

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