Good News Housing Market Helps Propel Dow

CNNMoney reports the Dow Jones Industrial Average surged over 300 points on positive news from the housing market, and as overhanging fears about the European debt crisis subsided. The Dow climbed throughout the day, gaining 337.17 points, +2.87 percent, to close at 12,103.43. The Yahoo! Finance Manufactured Housing Composite Value spiked 7.82 percent to end the day at 716.60. Most tracked housing stocks gained, with Universal Forest Products leading the charge. Affiliated Managers Group 94.67 +5.00 (+5.59%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 114,160.00 +2,844.00 (+2.55%). Champion, Deer Valley, Liberty, and Palm Harbor Homes were all unchanged. Drew Industries 24.44 +0.44 (+1.83%). Equity Lifestyle Properties 65.01 +1.04 (+1.66%). Nobility Homes slid the most of tracked stocks, falling -7.09 percent, -0.39, to close at 5.11. Patrick Industries 3.65 +0.11 (+3.11%). Skyline Corp. 4.54 -0.04 (-0.87%). Sun Communities 36.04 +0.97 (+2.77%). Third Avenue Value Fund (12-19) 39.44 -0.61 (-1.52%). UMH Properties 9.14 +0.29 (+3.28%). Universal Forest Products, Inc. shot up +9.26 percent, to close at 29.97, +2.54.

(Graphic credit: CNNmoney and RealTick)

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