Cavco Rides, Patrick Slides, Dow and S&P Hit New Highs

A lackluster report on retail sales was not sufficient to rein in the bulls in today’s trading as the Dow and the S&P moved to new highs, encouraged by the Federal Reserve’s decision to continue its economic stimulus. CNNMoney reports the Dow Jones Industrial Average rose 111.42 points, +0.72 percent, to close at 15,680.35. The Nasdaq climbed +0.31 percent, +12.21 points, to finish at 3,952.34 while the S&P rallied to +9.84 points, +0.56 percent, to set another record high at 1,771.95. The Yahoo! Finance Manufactured Housing Composite gained 1.34 percent to close at 907.8. Housing stocks we track in today’s trading closed mixed or even. Cavco Industries, Inc. gained the most of tracked stocks, +3.37 percent, +2.01 points, to finish at 61.62. Patrick Industries slipped the most of stocks we follow, -3.28%, -1.10, to end the day at 32.40. Affiliated Managers Group 202.33 +0.49 (+0.24%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 175,991 +591.00 (+0.34%). Drew Industries, Inc. 50.92 -0.11(-0.22%). Deer Valley remained unchanged at 0.65. Equity LifeStyle Properties 37.90 -0.48 (-1.25%). Liberty Homes remained unchanged at 0.60. Louisiana Pacific Corp. 17.83 -0.02 (-0.11%). Nobility Homes remained steady at 9.30. Skyline Corp. 4.40 -0.05 (-1.12%). Sun Communities, Inc. 45.81 +0.38 (+0.84%). Third Avenue Value Fund (Oct. 26) 58.11 -0.01 (-0.02%). UMH Properties remained unchanged at 10.39. Universal Forest Products Inc. 53.30 +0.96 (+1.83%).

(Graphic credit: CNNMoney and RealTick)

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