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Most Tracked Housing Stocks, Three Indexes Fall

June 11th, 2013

Investors, sensing the heavy hand of the Federal Reserve possibly withdrawing support from the economy along with other central banks, stepped back from the dance floor today as all three indexes dropped during a session of severe ups and downs. CNNMoney reports the Dow Jones Industrial Average moved down -0.76 percent, -116.57 points, to close at 15,122.02. The Nasdaq fell -1.06 percent, -36.82 points, to end the day at 3,436.95 while the S&P dropped -1.02 percent, -16.68 points, to finish at 1,626.13. The Yahoo! Finance Manufactured Housing Composite dropped -0.62 percent to close at 1115.1. Housing stocks we track closed mostly down, or even, with Skyline Corp. advancing the most, +1.44 percent, +0.06, to close at 4.23. Louisiana Pacific Industries fell the most of stocks we follow, -2.98 percent, -0.50, to finish at 16.26. Affiliated Managers Group 165.91 -2.59 (-1.54%). Cavco Industries, Inc. 47.02 -0.46 (-0.97%). Champion, Liberty Homes and Palm Harbor continued unchanged. Deer Valley remained at 0.60. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 170,150 -2,725.00 (-1.58%). Drew Industries, Inc. 39.74 -0.17 (-0.43%). Equity LifeStyle Properties, Inc. 78.31 -0.26 (-0.33%). Nobility Homes remained unchanged at 7.10. Patrick Industries 19.05 -0.39 (-2.01%). Sun Communities, Inc. 48.93 -0.66 (-1.33%). Third Avenue Value Fund (June 10) 54.42 +0.15 (+0.28%). UMH Properties, Inc. 10.38 -0.12 (-1.14%). Universal Forest Products, Inc. 39.18 -0.69 (-1.73%).

(Graphic credit: CNNMoney and RealTick)


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