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Economy Fears Drive Down Tracked Manufactured Home Stocks, MHCV

stock_eport_March_25Orders for big ticket items, a surprise decline in retail sales and a steep drop in existing home sales instilled fears of a weakening economy in investors, driving down the Dow Jones Industrial Average in today’s trading -292.60 points, -1.62 percent, to end at 17,718.54. Meanwhile, the Nasdaq plummeted -118.21 points, -2.37 percent to close at 4,876.52, while the S&P 500 similarly lost, falling -30.45 points, -1.46 percent, to end the day at 2,061.05.

The Yahoo! Finance Manufactured Housing Composite Value fell -1.58%, to end the day at 640.2, while almost all stocks we cover related to the manufactured housing industry closed down or even. Only Killam Properties gained, moving up +0.09 percent, while Cavco fell the most, losing -3.26 percent.

Meanwhile, the Nasdaq advanced +15.07 points, +0.31 percent to close at 4,942.44, while the S&P 500 gained +8.17 points, +0.39 percent, to end the day at 2,079.43.

As of 4 PM ET, CNNMoney Finance tells MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG) $213.89 -3.22 (-1.48%)

Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st, Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $217,000.00 -5.00 (0.00%).

Carlyle Group (NASDAQ:CG) $26.62 -0.45 (-1.66%).

Cavco Industries, Inc. (NASDAQ:CVCO) $73.58 -2.48 (-3.26%).

Deer Valley Corporation (OTCMKTS:DVLY) $0.30 0.00% (0.00%).

Drew Industries, Inc. (NYSE:DW) $61.00 -1.61(-2.57%)

Equity LifeStyle Properties, Inc. (NYSE:ELS) $55.13 -0.97 (-1.74%).

Killam Properties Inc. (TSE:KMP) $11.10 +0.01 (0.09%).

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

Louisiana-Pacific Corporation (NYSE:LPX) $16.65 -0.29 (-1.71%).

Nobility Homes Inc. (OTCMKTS:NOBH) $11.00 0.00 (0.00%).

Patrick Industries, Inc. (NASDAQ:PATK) $61.94 -0.33 (-0.53%).

Skyline Corporation (NYSEMKT:SKY) $3.60 -0.015 (-0.42%).

Sun Communities Inc. (NYSE:SUI) $67.66 -1.53 (-2.21%).

Third Avenue Value Instl (OTCMKTS:TAVFX) (Oct. 30) $57.46 -0.06 (-0.10%).

UMH Properties, Inc. (NYSE:UMH) 10.04 -0.33 (-3.18%)

Universal Forest Products, Inc. (NYSE:UFPI) $53.10 -0.59 (-1.09%). ##

(Graphic credit: CNNMoney)

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

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