Housing Stocks Belie General Fear

Fear of rising inflation and the subsequent raising of interest rates by the Fed caused stocks to stumble at day’s end.  The Dow lost .05 percent to end the day at 12,393.83.  Nobility Homes gained 8.19 percent, Cavco was up 1.56 percent and Skyline Corporation moved up 1.30 percent.  Deer Valley remained flat.  The Manufactured Housing Composite gained 1.81 percent to end the day at 1155.10.

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