All Three Indexes and Most Tracked Housing Stocks Tumble

CNNMoney reports signs that global markets are hitting bumps in the road as Moody’s is expected to downgrade global banks sent the Dow Jones Industrial Average spiraling down -250.82 points, a loss of 1.96 percent, to close at 12,573.57. The Nasdaq fell even more, losing -2.44 percent to 2,859.09, while the S&P fell -2.23 percent to 1,325.51. The Yahoo! Finance Manufactured Housing Composite fell -2.12 percent to close at 1,013.4. Housing stocks we track all closed down except Third Avenue Value Fund (trailing–6-20) which gained +0.30%, +0.13, to close at. 44.17. Cavco Industries lost the most of stocks we follow, dropping -6.22%, -3.06, to close at 46.13. Affiliated Managers Group 102.73 -3.64 (-3.42%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 121,744 -2,006.00 (-1.62%). Champion, Liberty Homes, Deer Valley, and Palm Harbor all remained unchanged. Drew Industries 26.76 -0.56 (-2.05%). Equity Lifestyle Properties 67.06 -1.42 (-2.07%). Louisiana Pacific Corp. 10.28 -0.28 (-2.66%). Nobility Homes remained unchanged at 6.50. Skyline Corp. 4.16 -0.16 (-3.70%). Sun Communities 42.45 -0.93 (-2.14%). United Forest Products, Inc. 36.91 -1.44 (-3.75%). UMH Properties 10.00 -0.15 (-1.48%).

(Graphic credit: CNNMoney and RealTick)

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