Dow Waffles Down, Nobility Perks Up

CNNMoney reports the Dow Jones Industrial Average rallied well during the day, but dropped upon word the Federal Reserve did not lower interest rates, and Germany’s chancellor rejected the idea of a larger bailout. The Dow lost 66.45 points, -0.55%, closing at 11,954.94. The Yahoo! Finance Manufactured Housing Composite Value lost 4.76 percent to close at 754.2. All but one tracked housing stocks closed down, or even. Affiliated Managers Group 91.27 -2.07 (-2.22%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 113,700.00 -925.00 (-0.81%). Cavco Industries 39.64 -2.74 (-6.47%). Champion, Deer Valley, Liberty, and Palm Harbor Homes were all unchanged. Drew Industries 22.65 -0.09 (-0.40%). Equity Lifestyle Properties 61.68 -1.04 (-1.66%). Nobility Homes gained the most of housing stocks we track, up 6.60 percent to close at 6.30, +0.39. Patrick Industries slid the most of tracked stocks, losing -11.08 percent to close at 3.45, -0.43. Skyline Corp. 5.98 -0.21 (-3.39%). Sun Communities 33.58 -0.32 (-0.94%). Third Avenue Value Fund (12-12) 40.33 -0.81 (-1.97%). UMH Properties 9.92 -0.21 (-2.30%). Universal Forest Products, Inc. 28.63 -0.55 (-1.88). In after hours trading the stock moved up to 29.37.

(Graphic credit: CNNMoney and RealTick)

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