Cavco, Housing Composite Mark Gains as Dow Slides

CNNMoney reports European Central Bank president Mario Draghi did not announce definite plans to help solve Europe’s debt crisis, sending U.S. stocks into a downward slide. The Dow Jones Industrial Average fell -92.18 points, -0.71 percent, to close at 12,878.88. The Nasdaq also fell, dropping -0.36 percent to 2,909.77, while the S&P lost -0.75% to 1,365.00. The Yahoo! Finance ManufactuCred Housing Composite gained +2.76% to close at 1014. Housing stocks we track closed mixed or even. Cavco Industries gained the most of tracked stocks, advancing +3.63%, +1.70, to end the day at 48.47. Nobility Homes fell the most of stocks we follow, -0.88%, -0.05, to close at 5.63. Affiliated Managers Group 110.46 -0.80 (-0.72%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 126,290 -1110.00 (-0.87%). Champion, Liberty Homes, Deer Valley and Palm Harbor all remained unchanged. Drew Industries 26.33 +0.51 (+1.98%). Equity Lifestyle Properties 71.28 -0.27 (-0.38%). Louisiana Pacific Corp. 10.67 +0.30 (+2.89%). Patrick Industries, Inc. 11.25 +0.20 (+1.81%). Skyline Corp. 4.49 +0.10 (+2.28). Sun Communities 46.89 +0.49 (+1.06%). Third Avenue Value Fund (8-1) 45.45 -0.15 (-0.33%). United Forest Products, Inc. 32.85. +1.03 (+3.21%). UMH Properties 11.37 +0.34 (+3.08%).

(Graphic credit: CNNMoney and RealTick)

 

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