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Home > News Item > SUI sole bright spot; MH Composite down, major exchanges continue slide

SUI sole bright spot; MH Composite down, major exchanges continue slide

December 10th, 2014

2014-12-10_1616money-cnn=credit-posted-daily-business-news-manufactured-housing-related-markets-report-mhpronews-The MHCV closed down, and only Sun Communities rose while other tracked stocks slid or stayed even. The Dow and other exchanges continued their modest retreat. The U.S. markets normally rise in December, but so far this year, that’s not so, says CNN Money.  Oil is one factor, and it means a lot to the MH industry, as the article linked here reveals.

Motley Fool’s  warnings about Caesar’s Entertainment in October are picking up steam. Penchenga  and Bloomberg  have mentioned signs of motion of Caesar’s toward bankruptcy, which would leave open to question what impact, if any, that might have on MH events such as the MHI Congress and Expo often held at a Caesar’s property.

Today’s trades at the closing bell, are as follows.

Dow 17,533.15 -268.05 -1.51%.

Nasdaq 4,684.03 -82.44 -1.73%.

S&P 500 2,026.14 -33.68 -1.64%.

The Yahoo! Finance Manufactured Housing Composite Value (MHCV): 568.1 Today’s Change: -4.81%.

As of approximately 4 PM ET, CNNMoney  and Google Finance  tell MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG) 201.98 -4.11 (-1.99%).

Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. 223,650.00 -1,684.00 (-0.75%).

Carlyle Group (NASDAQ:CG) 26.92 -0.84 (-3.03%).

Cavco Industries, Inc. (NASDAQ:CVCO) 73.30 -2.91 (-3.82%).

Deer Valley Corporation (OTCMKTS:DVLY) 0.850 0.000 (0.00% close Nov 13).

Drew Industries, Inc. (NYSE:DW) 46.54 -1.07 (-2.25%).

Equity LifeStyle Properties, Inc. (NYSE:ELS) 50.55 -0.02 (-0.04%).

Killam Properties Inc. (TSE:KMP) 10.23 -0.07 (-0.68%).

Liberty Homes, Inc. (OTCMKTS:LIBHA) 0.0700 0.00 (0.00% Dec 9th).

Louisiana-Pacific Corporation (NYSE:LPX) 16.11 -1.13 (-6.55%).

Nobility Homes Inc. (OTCMKTS:NOBH) 9.06 -1.44 (-13.71% Dec 10th).

Patrick Industries, Inc. (NASDAQ:PATK) 40.27 -2.51 (-5.87%).

Skyline Corporation (NYSEMKT:SKY) 3.60 -0.08 (-2.17%).

Sun Communities Inc. (NYSE:SUI) 60.04 +0.08 (0.13%).

Third Avenue Value Instl (OTCMKTS:TAVFX) 56.94 -3.39 (-5.62% Dec 9th).

UMH Properties, Inc. (NYSE:UMH) 9.30 -0.10 (-1.06%).

Universal Forest Products, Inc (NYSE:UFPI) 49.95 -1.12 (-2.19%). ##

(Graphic credit: CNNMoney)


Matthew Silver - Reporter at Large
Soheyla Kovach - Support Services
L.A. 'Tony' Kovach - Publisher, Editor and Marketing Director. To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com
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