Dow Descends Again, Pulling Housing Down

CNNMoney reports the Dow Jones Industrial Average fell 207 points during the day to close at 11,706.62, a loss of -1.74 percent, as jittery investors responded to falling financial stocks and concern over the proposed meeting tomorrow of European heads of state trying to iron out the region’s debt problems. The Yahoo! Finance Manufactured Housing Composite Value lost 2.66 percent to close at 740.10. Most housing stocks lost ground as well. Affiliated Managers Group 87.36 -2.90 (-3.21%). Clayton Homes, Vanderbilt Mortgage and Finance and other MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 113,630.00 -2,520.00 (-2.17%). Cavco Industries 38.37 -1.26 (-3.18%). Champion, Deer Valley, and Liberty were all unchanged. Drew Industries 23.48 -0.42 (-1.76%). Equity Lifestyle Properties 63.93 -1.25 (-1.92%). Nobility Homes was unchanged at 5.30. Palm Harbor Homes 0.004 +0.0018 (+81.82%). Patrick Industries 1.80 +0.10 (+5.88%). Skyline Corporation 6.74 -0.32 (-4.53%). Sun Communities 37.35 -0.91 (-2.38%). Third Avenue Value Fund (10-24) 42.85 +1.31 (+3.15%). UMH Properties 9.65 -0.32 (-3.21%). Universal Forest Products, Inc. 26.86 -1.27 (-4.51%).

(Graphic credit: CNNMoney and RealTick)

 

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