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Home > Business, News Item, Stocks > Stocks Roar into Second Half of 2012; Housing Stocks Respond Well

Stocks Roar into Second Half of 2012; Housing Stocks Respond Well

June 29th, 2012

Investors applauded the deal reached by European leaders to assist struggling banks, pushing the Dow Jones Industrial Average up by nearly 300 points. CNNMoney reports the Dow spiked 277.83 points, +2.20%, to finish at 12,880.09. The Nasdaq roared up a full +3.00 percent to 2,935.05, while the S&P gained +2.49 percent to 1,362.16. The Yahoo! Finance Manufactured Housing Composite rose +1.74 percent to close at 1,066.9. All housing stocks we track closed up or even, except one. Patrick Industries gained the most of stocks we follow, adding +5.97%, +0.74, to close at 12.58. Our only loser was Third Avenue Value Fund, which is trailing behind one day (June 28), dropping -0.09%, -0.04, to close at 43.56. Affiliated Managers Group 109.45 +3.95 (+3.74%). Cavco 51.28 +1.73 (+3.49%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 124,930.00 +1495.00 (+1.21%). Champion, Liberty Homes, Deer Valley and Palm Harbor all remained unchanged. Drew Industries 27.85 +1.18 (+4.42%). Equity Lifestyle Properties 68.55 +1.75 (+2.63%). Louisiana Pacific Corp. 10.89 +0.34 (+3.22%). Nobility Homes 5.69 +0.19 (+3.45%). Skyline Corp. 5.09 +0.09 (+1.80%). Sun Communities 44.24 +1.55 (+3.63%). United Forest Products, Inc. 38.98 +0.28 (+0.72%). UMH Properties 10.73 +0.22 (+2.09%).

(Graphic credit: CNNMoney and RealTick)


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