Improved Housing Market Bolsters Many U.S. Stocks

CNNMoney reports the Dow Jones Industrial Average hit 12,575.00 during the day but settled down to 12,502.81, -0.01%, -1.67 points as the day’s trading ended. The rise of sales of existing homes boosted the market, but a downgrade of Japan and a weak global market tempered that news. The Nasdaq dropped -0.29 percent to 2,839.08, while the S&P gained +.05 percent, to 1,304.88. The Yahoo! Finance Manufactured Housing Composite fell -2.64 percent to close at 971.9. Housing stocks we track all closed mixed. The rising star for the day was Nobility Homes, gaining +5.93 percent, +0.35, to close at 6.25. UMH Properties fell the most of tracked stocks, losing -4.96 percent, -0.53, to end the trading day at 10.15. Affiliated Managers Group 103.30 +0.62 (+0.60%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 120,550 +330.00 (+0.27%). Cavco Industries 43.63 -0.37 (-0.52%). Champion, Liberty Homes, Deer Valley and Palm Harbor all remained unchanged. Drew Industries 26.48 +0.17 (+0.65%). Equity Lifestyle Properties 66.54 +0.27 (+0.30%). Louisiana Pacific Corp. 9.24 -0.04 (-0.43%). Skyline Corp. 4.80 +0.11 (+2.35%). Sun Communities 41.28 -0.12 (-0.29%). Third Avenue Value Fund (5-21) 42.09 +0.52 (+1.25%). Universal Forest Products 36.04 -0.87 (-2.36%).

(Graphic credit: CNNMoney and RealTick)

mas kovach mhpronews shopping with soheyla .jp

Get our ‘read-hot’ industry-leading 

get our ‘read-hot’ industry-leading emailed headline news updates

Scroll to Top