Dow Waddles Down, Housing Stocks End Month Mixed

CNNMoney reports Fred Dickson, chief market strategist at D.A. Davidson, says the market has declined in May in three out of the last four years, and this one is no exception. The Dow Jones Industrial Average ended the month with a quiet whimper, losing -0.21 percent, 26.41 points, to end at 12,393.45. The Nasdaq fell -0.35 percent to 2,827.34, while the S&P lost -0.23 percent, to 1,310.33. Meanwhile, the Yahoo! Finance Manufactured Housing Composite moved up +0.04 percent to close at 973.7. Housing stocks we track closed mixed. Sun Communities gained the most of tracked housing stocks, +1.75%, +0.71, ending at 41.21. Skyline Corp. lost the most of stocks we follow, falling -6.50%, -0.35, to close at 6.50. Affiliated Managers Group 102.73 -0.34(-0.33%). Cavco Industries 42.15 -0.39 (-0.92%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 118,850 -400.00 (-0.34%). Champion, Liberty Homes, Deer Valley and Palm Harbor all remained unchanged. Drew Industries 26.55 +0.25 +0.95. Equity Lifestyle Properties 65.86 +0.34 (+0.52%). Louisiana Pacific Corp. 9.42 -0.09 (-0.95%). Nobility Homes 6.50 -0.35 (-5.11%). Third Avenue Value Fund (5-30) 41.76 -0.78 (-1.83%). United Forest Products, Inc. 37.65 +0.45 (+1.21%). UMH Properties 10.13 -0.18 (-1.75%).

(Graphic credit: CNNMoney and RealTick)

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