Patrick Ind. Surges; Dow Plunges Again

stock_report_Sept_1In the news from CNNMoney: Oil prices fall 7%. Fears of China’s slowdown reflected in the three major indices downturn. Iran’s oil production will blossom if sanctions are lifted. Canada slips into recession in wake of oil decline.

Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) slipped -1.16 percent to close at 886.8. Most manufactured housing related stocks we cover closed down, or even, although Patrick Industries shot up +12.54 percent. Carlyle Group fell the most of stocks we follow, -4.77 percent, to end the day at $20.15.

On the Big Board:

The Dow Jones Industrial Average, fell -2.84 percent -469.68 points, to end the day at 16,058.35.

The NASDAQ dropped -2.94 percent, -140.40 points to close at 4,636.11.

The S&P 500 slid -2.96 percent, -58.33 points, to finish at 1,913.85.

As of 4 PM ET, CNNMoney Finance tells MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG) $179.29 -7.15 (-3.84%).

Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $198,144.00 -4,387.00 (-2.17%).

Carlyle Group (NASDAQ:CG) $20.15 -1.01 (-4.77%).

Cavco Industries, Inc. (NASDAQ:CVCO) $70.91 -0.64 (-0.89%).

Deer Valley Corporation (OTCMKTS:DVLY) $0.70 0.00 (0.00%).

Drew Industries, Inc. (NYSE:DW) $53.67 -1.59 (-2.88%).

Equity LifeStyle Properties, Inc. (NYSE:ELS) $55.05 -0.71 (-1.27%).

Killam Properties Inc. (TSE:KMP) $9.92 -0.03 (-0.30%).

Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.02 0.00 (0.00%).

Louisiana-Pacific Corporation (NYSE:LPX) $15.97 -0.47 (-2.86%).

Nobility Homes Inc. (OTCMKTS:NOBH) $10.30 0.00 (0.00%).

Patrick Industries, Inc. (NASDAQ:PATK) $42.53 +4.74 (+12.54%).

Skyline Corporation (NYSE:SKY) $3.35 +0.04 (+1.21%).

Sun Communities Inc. (NYSE:SUI) $64.26 -0.95 (-1.46%).

Third Avenue Value Instl (OTCMKTS:TAVFX) $52.20 -0.23 (-0.44%).

UMH Properties, Inc. (NYSE:UMH) $9.29 -0.06 (-0.64%).

Universal Forest Products, Inc. (NYSE:UFPI) $58.80 -1.26 (-2.10%). ##

(Graphic credit: CNNMoney)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

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