Broader Markets Tumble as MHCV Inches Up, Led by UFPI

DowTickerCreditMarketWatch-postedDailyBusinessNewsMHProNews-8-22-2016-The Dow and the S&P 500 end lower as oil’s recent winning streak come to a close. Nasdaq closes up, while Treasury yields drift lower. MarketWatch  also reports that CFPB fines Wells Fargo $4 million for deceptive student loans.

Daily Business News Market Tracker:

The Dow Jones Industrial Average dropped -23.15 points – closing at 18,529.42.
The S&P 500 down -1.23 to 2,182.64.
NASDAQ closed at 5,244.60.

This and top graphic credit, MarketWatch.

** Yahoo’s Manufactured Housing Related Index Components **

Manufactured Housing
Composite Value
^YHOH811 1,401.26



The Yahoo! Finance’s Manufactured Housing Composite Value (MHCV) gained 7.66 points to finish at 1,401.26.

The MH-related stocks biggest loser was Affiliated Managers Group closing at $140.72 and the biggest gainer was Universal Forest Products with a 1.82 percent climb to close at $107.65.

*Note: the chart below includes stocks not included in the MHCV.



Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.  Drew, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

(Image credits, MarketWatch, Bloomberg.)

Frank Griffin, Daily Business News, MHProNews.

MH Industry Market Report by Frank Griffin, to Daily Business News for MHProNews.


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