Housing Composite Spikes, all Three Major Indexes Rise

The possible merger of Office Max and Office Depot gave investors something to smile about as the Dow and S&P rose to new five-year highs. CNNMoney reports the Dow Jones Industrial Average moved up +0.39 percent, +53.91 points, to end the day at 14,035.67. The Nasdaq gained +0.68 percent, +21.57 points, to close at 3,213.60, while the S&P advanced +0.73 percent, +11.15, to end the week at 1,530.94. The Yahoo! Finance Manufactured Housing Composite gained +5.61 percent to close at 1578.3. Housing stocks we track closed mostly or even. Sun Communities, Inc. gained the most of tracked stocks, moving up +2.23 percent, +1.02, to end the day at 46.71. Third Avenue Value Fund (Feb.15) dropped the most of the two stocks we follow that lost, dropping -0.74 percent, -0.39, to end the day at 52.62. Affiliated Managers Group 148.62 +2.11 (+1.44%). Cavco Industries 47.13 +0.33 (+0.71%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 152,498 +2,357 (+1.57%). Champion, Liberty Homes, Deer Valley and Palm Harbor continued unchanged. Drew Industries 38.67 +0.20 (+0.52%). Equity LifeStyle Properties 74.57 +0.66 (+0.89%). Louisiana Pacific Industries 21.90 +0.11 (+0.50%). Nobility Homes 5.18 +0.01 (+0.19%). Patrick Industries 15.19 +0.06 (+0.40%). Skyline Corp. 4.73 -0.03 (-0.63%). Universal Forest Products, Inc. 40.30 +0.04 (+0.10%). UMH 10.33 +0.02 (+0.19%).

(Graphic credit: CNNMoney and RealTick)

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