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Home > News Item > NW economists, how to taper without killing housing, Day Two of Stock Rebound

NW economists, how to taper without killing housing, Day Two of Stock Rebound

August 23rd, 2013

2013-08-23_1534-credit-cnn-money-daily-business-news-mhpronews-com-Day two of the rebound from stocks saw the Dow close at 15,010.51, +46.77 (+0.31%). CNN-Money tells MHProNews that some investors may have taken hope in a new academic paper from Northwestern University economists Arvind Krishnamurthy and Annette Vissing-Jorgensen presented at the annual meeting of central bankers in Jackson Hole, WY, on how to taper bond buying without causing drastic spikes in lending that would choke off new home sales. The Yahoo! Finance Manufactured Housing Composite Value rose to 1873.4, +0.17%. Affiliated Managers Group, Inc. (AMG) 178.91, +1.06‎ (0.60%‎). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company, Berkshire Hathaway Inc. (BRK.A) 171320.45, -885.55‎ (-0.51%‎). Cavco Industries, Inc. (CVCO) 56.08, +0.10‎ (0.18%‎). Deer Valley, Liberty Homes and Nobility Homes, unchanged. Drew Industries, Inc. (DW) 42.93,-0.51 (-1.17%).
Equity Lifestyle Properties, Inc. (ELS) 36.03, +0.48‎ (1.35%‎). Louisiana-Pacific Corporation, (LPX) 15.05, -0.11 (-0.73%). Patrick Industries, Inc., (PATK) 26.40, +0.56 (2.17%). Skyline Corporation, (SKY) 4.54, +0.10 (2.25%).
Third Avenue Value Fund (TAVFX – Aug 22, 2013) 55.82, +0.61 (1.10%). UMH Properties, Inc (UMH) 9.93-0.09 (-0.90%). Universal Forest Products, Inc. (UFPI) 38.73-0.41 (-1.05%). ##

(Image credit: CNN-Money)

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