Dow Falls, Most all Tracked Housing Stocks Follow Suit

Fears that the $125 billion bailout of Spain’s banking system will not be enough to stem the tide of the European debt crisis kept investors against the wall as all three indexes lost over one percent today. CNNMoney tells us the Dow Jones Industrial Average lost 141.83 points, -1.13%, to close at 12,412.37. The Nasdaq fell -1.70 percent to 2,809.73, while the S&P dropped -1.26 percent to 1,308.93. The Yahoo! Finance Manufactured Housing Composite fell -2.53 percent to close at 1,000.10. Housing stocks we track all closed down, or even, except for Third Avenue Value Fund (6-08) which gained +0.35%, +0.15, to close at 42.61. Cavco Industries fell the most of stocks we follow, dropping -6.11 percent, -2.98, to close at 45.81. 48.79. Affiliated Managers Group 101.71 -2.05 (-1.98%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 120,715 -1,285.00 (-1.05%). Champion, Liberty Homes, Deer Valley, and Palm Harbor all remained unchanged. Drew Industries 27.05 -0.40 (-1.46%). Equity Lifestyle Properties 67.42 -1.00 (-1.46%). Louisiana Pacific Corp. 9.49 -0.08 (-0.84%). Nobility Homes remained unchanged at 6.35. Skyline Corp. 4.21 -0.15 (-3.44%). Sun Communities 40.84 -1.07 (-2.55%). United Forest Products, Inc. 37.92 -0.07 (-0.13%). UMH Properties 10.06 -0.33 (-3.18%).

(Graphic credit: CNNMoney and RealTick)

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