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Home > Business, News Item, Stocks > Nobility Regains Crown; Most Tracked Housing Stocks Rise

Nobility Regains Crown; Most Tracked Housing Stocks Rise

June 14th, 2012 Matthew Silver

Investors gained hope that central banks, including the Federal Reserve, will provide additional liquidity to financial markets if necessary in the wake of elections in Greece on Sunday, as all three indexes registered gains. CNNMoney tells us the Dow Jones Industrial Average gained +155.53 points, +1.24%, to close at 12,651.91. The Nasdaq rose +0.63 percent to 2,836.33, while the S&P gained +1.08 percent to 1,329.10. The Yahoo! Finance Manufactured Housing Composite rose +2.62 percent to close at 1,028.20. Housing stocks we track all closed on the positive side, or even, except Third Avenue Value Fund (6-13) which lost -0.40%, -0.17, to close at 42.70. Nobility Homes gained the most of stocks we follow, spiking +17.82%, +1.08, to close at 7.14. Affiliated Managers Group 102.49 +1.14 (+1.12%). Cavco Industries 47.94 +1.68 (+3.63%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 122,600 +1,745.00 (+1.44%). Champion, Liberty Homes, Deer Valley, and Palm Harbor all remained unchanged. Drew Industries 27.20 +0.19 (+0.70%). Equity Lifestyle Properties 68.70 +0.83 (+1.23%). Louisiana Pacific Corp. 9.68 +0.29 (+3.09%). Skyline Corp. 4.39 +0.13 (+3.05%). Sun Communities 42.11 +1.10 (+2.68%). Third Avenue Value Fund (6-13) 42.70 -0.17 (-0.40%). United Forest Products, Inc. 38.66 +1.00 (+2.66%). UMH Properties 10.07 +0.01 (+0.10%).

(Graphic credit: CNNMoney and RealTick)

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