Cavco leads in Manufactured Housing, Broader Markets Continue to slide

DowMarketTicker-8252016creditMarketwatch-postedDailyBusinessNews-MHProNewsIn today’s markets, the Dow Jones logged its lowest close in the past 3 weeks. The U.S. Dollar joined the herd of key indicators that are worried about the Fed’s Chair, Janet Yellen’s, upcoming speech. MarketWatch also reported that SEC fines 13 investment firms for advertising false performance claims, and that Dollar store results suffer from pressures on low-income consumers.

Daily Business News Market Tracker:



The Dow Jones Industrial Average lost -33.07 points to close at 18,448.41.

The S&P 500 dropped -2.97 points and closed at 2,172.47.

NASDAQ closed at 5,212.20.

The Yahoo! Finance Manufactured Housing Composite Value (MHCV) gained +9.80 points and finally settled at $1,414.04.


The MH-related stocks biggest loser was Skyline Corp (SKY) closing at $11.15 due to a -2.19% drop and the biggest gainer was Cavco Industries (CVCO) with a 1.91 percent climb to close at $105.40.

*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, Yahoo! Finance.)

Frank Griffin, Daily Business News, MHProNews.

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

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