Dow Drops One Percent; Most Manufactured Housing Stocks Fall

stock_report_June_4In the CNN News: Greece fails to meet its IMF financial obligations, legal marijuana business is boosting Denver housing market, China is hoarding cheap oil in a fleet of supertankers, and IMF says Fed should not raise interest rates until next year.

Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) fell -0.87 percent, to close at 679.3. More manufactured housing stocks we cover closed down or even rather than up, and those that fell, fell more than those that gained. Skyline dropped the most, falling -3.35 percent, and Patrick Industries dropped -2.48 percent, while Third Avenue advanced the most of stocks we track, +0.76 percent.

On the Big Board:

The Dow Jones Industrial Average fell -0.94 percent, -170.69 points, to end below 18k at 17,905.58.

The NASDAQ also dropped, -0.79 percent, -40.10 points, to close at 5,059.13.

The S&P 500 also fell, -0.86 percent, -18.23 points, to end at 2,095.84.

As of 4 PM ET, CNNMoney Finance tells MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG) $223.02 -3.05 (-1.35%)

Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $212,585 -2.015.00 (-0.94%)

Carlyle Group (NASDAQ:CG) $29.26 +0.08 (+0.27%).

Cavco Industries, Inc. (NASDAQ:CVCO) $74.59 -0.57 (-0.76%).

Deer Valley Corporation (OTCMKTS:DVLY) $0.65 0.00 (0.00%).

Drew Industries, Inc. (NYSE:DW) $61.59 -0.86 (-1.38%)

Equity LifeStyle Properties, Inc. (NYSE:ELS) $53.32 +0.16 (+0.30%)

Killam Properties Inc. (TSE:KMP) $10.21 -0.08 (-0.78%).

Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.05 0.00 (0.00%).

Louisiana-Pacific Corporation (NYSE:LPX) $17.50 -0.36 (-2.02%).

Nobility Homes Inc. (OTCMKTS:NOBH) $10.05 0.00 (0.00%).

Patrick Industries, Inc. (NASDAQ:PATK) $38.96 -0.99 (-2.48%).

Skyline Corporation (NYSE:SKY) $3.17 -0.11 (-3.35%)

Sun Communities Inc. (NYSE:SUI) $62.74 -0.22 (-0.35%)

Third Avenue Value Instl (OTCMKTS:TAVFX) $59.42 +0.45 (+0.76%).

UMH Properties, Inc. (NYSE:UMH) 9.67 +0.03 (+0.31%)

Universal Forest Products, Inc. (NYSE:UFPI) $55.41 -0.79 (-1.41%). ##

(Graphic credit: CNNMoney)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.


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