UFPI Registers Significant Gain; Three Major Indexes Fall

Stocks slid for a second consecutive day on tepid news from the technology and financial sectors, which some are terming an “overdue sell-off,” as all three major indexes nudged downward. CNNMoney reports the Dow Jones Industrial Average fell -0.56 percent, -81.45 points, to end the day at 14,537.14. The Nasdaq lost -1.20 percent, -38.31 points, to close at 3,166.36, while the S&P dropped -0.67 percent, -10.40 points, to end the day at 1,541.61. The Yahoo! Finance Manufactured Housing Composite moved up +0.07 percent to close at 1512. Housing stocks we track closed mixed or even, with Universal Forest Products, Inc. spiking +8.54%, +2.91, to end the day at 37.00. Nobility Homes fell the most of stocks we follow, dropping -3.48%, -0.20 points, to end the day at 5.55. Affiliated Managers Group 144.06 -1.65 (-1.13%). Cavco Industries 41.02 -0.45 (-1.09%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 154,817 -2,883.00 (-1.80%). Champion, Liberty Homes, Deer Valley and Palm Harbor continued unchanged. Drew Industries 34.13 -0.23 (-0.67%). Equity LifeStyle Properties 80.37 +0.31 (+0.39%). Louisiana Pacific Industries 17.80 -0.11 (-0.61%). Patrick Industries, Inc. 14.02 +0.02 (+0.14%). Skyline Corp. 4.30 -0.07 (-1.60%). Sun Communities, Inc. 48.47 +0.17 (+0.35%). Third Avenue Value Fund (April 17) 52.43 -0.70 (-1.32%). UMH 10.89 -0.11 (-0.10%).

(Graphic credit: CNNMoney and RealTick)

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