Dow Spikes, Housing Composite and Several Housing Stocks Follow Suit

CNNMoney tells us the Dow Jones Industrial Average and the S&P notched their best gains of 2012 on investors’ hopes that more stimulus may be in the pipeline to push the markets higher. The Dow gained 2.37 percent, 286.84 points, to close at 12,414.79. The Nasdaq rose 2.40 percent to 2,844.72, while the S&P gained 2.30 percent to 1,315.13. Meanwhile, the Yahoo! Finance Manufactured Housing Composite rose 2.70 percent, hitting above the thousand mark, to close at 1007.2. Housing stocks we track all closed up or even except UMH Properties, which lost 0.21 percent to end the day at 10.40. Several of our tracked stocks gained three percent or more, but Skyline Corp. gained the most, moving up 5.46%, +0.65, to end at 4.44. Affiliated Managers Group 101.68 +3.23 (+3.28%). Cavco Industries 46.00 +1.72 (+3.88%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 121,000 +2,095.00 (+3.54%). Champion, Liberty Homes, and Palm Harbor all remained unchanged. Drew Industries 26.98 +0.72 (+2.74%). Equity Lifestyle Properties 67.75 +1.16 (+1.74%). Louisiana Pacific Corp. 9.27 +0.43 (+4.86%). Nobility Homes remained at 6.45. . Sun Communities 41.37 +0.65 (+1.60%). Third Avenue Value Fund (6-4) 41.20 +0.34 (+0.83%). United Forest Products, Inc. 36.51 +1.50 (+4.28%).

(Graphic credit: CNNMoney and RealTick)

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