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Home > News Item > SUN bucks MH stocks downtrend. Big Shale/Oil/DOW getting spooked by OPEC?

SUN bucks MH stocks downtrend. Big Shale/Oil/DOW getting spooked by OPEC?

December 8th, 2014

2014-12-08_1629money-cnn=graphic-credit=posted-daily-business-news-manufactured-housing-markets-report-mhpronews-com-_001Sun Communities (SUI) bucked a down trend among MH tracked stocks today. CNN Money reports that some in Big Oil are feeling the heat caused by the downward pressure by OPEC on crude prices. Some are saying prices at the pump could be under $2 a gallon in many part of the nation by spring. A station in Oklahoma City OK has already tested prices at $1.999. With a number of states seeing added MH, workforce and modular home sales due to shale, this is a trend to watch.

Today’s facts and figures follow…

Dow 17,852.48 -106.31 -0.59%.

Nasdaq 4,740.69 -40.07 -0.84%.

S&P 500 2,060.31 -15.06 -0.73%.

The Yahoo! Finance Manufactured Housing Composite Value (MHCV): 579.2 Today’s Change: -3.36%.

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

Affiliated Managers Group, Inc. (NYSE: AMG) 206.29 +0.29 (0.14%).

Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. 227,800.00 +2,160.00 (0.96%).

Carlyle Group (NASDAQ:CG) 28.02 -0.70 (-2.44%). Related article, at this link

Cavco Industries, Inc. (NASDAQ:CVCO) 73.32 -1.20 (-1.61%).

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

Drew Industries, Inc. (NYSE:DW) 46.64 -1.40 (-2.91%).

Equity LifeStyle Properties, Inc. (NYSE:ELS) 50.67 +0.71 (1.42%).

Killam Properties Inc. (TSE:KMP) 10.28 -0.12 (-1.15%).

Liberty Homes, Inc. (OTCMKTS:LIBHA) 0.100 0.000 (0.00% Dec 3rd).

Louisiana-Pacific Corporation (NYSE:LPX) 16.83 +1.33 (8.58%).

Nobility Homes Inc. (OTCMKTS:NOBH) 10.50 0.00 (0.00% Dec 8th).

Patrick Industries, Inc. (NASDAQ:PATK) 42.76 -0.78 (-1.79%).

Skyline Corporation (NYSEMKT:SKY) 3.53 -0.07 (-1.94%).

Sun Communities Inc. (NYSE:SUI) 59.59 +0.67 (1.14%). See related acquisition story, linked here.

Third Avenue Value Instl (OTCMKTS:TAVFX) 60.95 +0.43 (0.71% (-0.39% Dec 5th).

UMH Properties, Inc. (NYSE:UMH) 9.18 -0.27 (-2.86%).

Universal Forest Products, Inc (NYSE:UFPI) 49.81 -0.27 (-0.54%). ##

(Graphic credit: CNNMoney)


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