Housing Composite Gains, Patrick Drops, not much Change

With analysts expecting a boatload of Q3 corporate earnings reports next week to show a 1.2 percent decline, as well as concerns about China’s slowing economic growth, all three indexes closed lower today. CNNMoney reports the Dow Jones Industrial Average fell -0.95 percent, -128.56 points, to close at 13,344.97, while the Nasdaq fell -0.43 percent, -13.24 points to 3,051.78. The S&P dropped -0.62 percent, -8.92 points to close at 1,432.56. However, the Yahoo! Finance Manufactured Housing Composite moved up +0.53 percent to close at 1112.2. Housing stocks we track closed mixed, or even. Louisiana Pacific Corp. advanced the most of stocks we follow, gaining +1.96 percent, +0.26, to end the trading day at 13.50. Patrick Industries lost the most of tracked stocks, -5.08 percent, -0.84 to close at 15.70. Affiliated Managers Group 122.78 +0.43 (+0.35%). Cavco Industries 46.78 +0.63 (+1.35%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 133,066 -814.00 (-0.61%). Champion, Liberty Homes, Deer Valley and Palm Harbor all remained unchanged. Drew Industries 31.76 -0.22 (-0.69%). Equity LifeStyle Properties 66.49 -0.59 (-0.88%). Louisiana Pacific Corp. 13.50 +0.26 (+1.96%). Nobility Homes remained unchanged at 6.00. Skyline Corp. 5.05 -0.02 (-0.39%). Sun Communities, Inc. 43.34 +0.28 (+0.65%). Third Avenue Value Fund (Oct. 9) 48.59 -0.28 (-0.57%). United Forest Products, Inc. 41.29 -0.06 (-0.14%). UMH 11.78 -0.14 (-1.17%).

(Graphic credit: CNNMoney and RealTick)

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