Cavco Edges Up, UMH Slides, Dow Falls 135 Points

Concerns about economic growth in China led investors to exercise caution in trading to start the new year, as all three major indexes ended in the red. CNNMoney reports the Dow moved down -135.31 points, -0.82 percent, to close at 16,455.31. The Nasdaq lost -0.80 percent, -33.52 points, to finish at 4143.07, while the S&P edged down -16.38 points, -0.89 percent, to end the day at 1,831.98. The Yahoo! Finance Manufactured Housing Composite fell -0.47 percent to close at 776.1. Housing stocks we track in today’s trading mostly closed down or even, although Cavco Industries, Inc. moved up +0.84 percent, gaining +0.58 points, to close at 69.28. UMH Properties, Inc. slid the most of tracked stocks, -2.12 percent, -0.20, to end the day at 9.22. Affiliated Managers Group 213.38 -3.50 (-1.61%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 176,320 -1,580.00 (-0.89%). Deer Valley remained unchanged at 0.65. Drew Industries 50.51 -0.69 (-1.35%). Equity LifeStyle Properties 36.13 -0.10 (-0.28%). Liberty Homes remained unchanged at 0.75. Louisiana Pacific Industries 18.25 -0.26 (-1.40%). Nobility Homes remained unchanged at 9.01. Patrick Industries 28.92 -0.01 (-0.03%). Skyline Corp. 5.19 +0.03 (+0.58%). Sun Communities, Inc. 41.98 -0.66 (-1.55%). Third Avenue Value Fund (Dec. 31) 57.27 +0.14 (+0.25%). Universal Forest Products, Inc. 51.80 -0.34 (-0.65%).

(Graphic credit: CNNMoney and RealTick)

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