Deer Valley Stumbles, UMH Alone Edges Up

Stocks end the month on a down note pulled by weak domestic economic news and Spain’s declaration it’s in a recession. CNNMoney tells MHProNews the Dow Jones Industrial Average edged down -0.11 percent, -14.68 points, to end the day at 13,213.63 The Nasdaq lost even more, -0.74 percent, to close at 3046.36, while the S&P also moved down, -0.39 percent, to 1397.91. All three indexes closed down for the month, the first time this year. The Yahoo! Finance Manufactured Housing Composite fell -0.83 percent to close at 1080. All housing stocks we track closed down except one. UMH Properties gained +0.86 percent, +0.10, to close at 11.79. Deer Valley fell the most of tracked stocks, declining 34.29 percent, -0.24, to end the trading day at 0.46. Affiliated Managers Group 113.62 -0.72 (-0.63%). Cavco 51.60 -0.43 (-0.83). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 120,800 -125.00 (-0.10%). Champion, Liberty Homes, and Palm Harbor all remained unchanged. Drew Industries 29.78 -0.24 (-0.80%). Equity Lifestyle Properties 69.94 -0.17 (-0.24%). Louisiana Pacific Corp. 9.05 -0.06 (-0.66%). Nobility Homes 7.22 -0.08 (-1.10%). Patrick Industries 12.95 -0.05 (-0.38%). Skyline Corp. 5.49 -0.52 (-8.65%). Sun Communities 43.75 -0.03 (-0.07%). Third Avenue Value Fund (4-27) 45.53 -0.08 (-0.18%). UMH Properties 11.79 +0.10 (+0.86%). Universal Forest Product 37.40 -1.03 (-2.68%).

(Graphic credit: CNNMoney and RealTick)

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