Cavco Edges Up, Sun Edges down; Dow drops over 100 points

Despite a rise in new home sales, home prices and consumer confidence, investors turned their backs on stocks as the three major indexes all registered losses in today’s trading,  as CNNMoney tells MHProNews. The Dow Jones Industrial Average fell -119.13 points, -0.70 percent, to close at 16,818.13. The Nasdaq dropped 18.32 points, -0.42 percent, to end the day at 4,350.36, while the S&P 500, which had been on a tear as it reached new highs, fell -12.63 points, -0.64 percent, to end at 1,949.98. The Yahoo! Finance Manufactured Housing Composite edged down -1.78 percent to close at 1,027.50. While stocks we cover closed mostly down or even, Cavco Industries edged up the most, +0.31 percent, +0.25 points, to close at 82.10, while Sun Communities, Inc. slipped more than other stocks we track, -1.65 percent, -0.83 points, to close at 49.62. Affiliated Managers Group 201.56 -1.82 (-0.89%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 190,171 +271.00 (+0.14%). Deer Valley Corp. remained at 0.66. Drew Industries, Inc. 49.34 -0.04 (-0.08%). Equity LifeStyle Properties 44.63 -0.28 (-0.62%). Liberty Homes remained unchanged at 0.80. Louisiana Pacific Industries 14.60 -0.10 (-0.68%). Nobility Homes 11.01 +0.01 (+0.09%). Patrick Industries 42.13 +0.07 (+0.17%). Skyline Corp. 4.10 -0.04 (-0.97%). Third Avenue Value Fund (June 23) 61.33 -0.13 (-0.21%). UMH Properties, Inc. 9.89 -0.01 (-0.10%). Universal Forest Products, Inc. 47.69 -0.20 (-0.42%). ##

(Graphic credit: CNNMoney and RealTick)

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