Indexes Begin June Rising; Tracked Housing Stocks close Mixed

The first day of June began with a bang as the Dow gained over 100 points in a steady rise all afternoon. CNNMoney reports the Dow Jones Industrial Average gained +0.92 percent, + 138.46 points, to close at 15,254.03. The Nasdaq advanced +0.27 percent, +9.46 points, to end the day at 3,465.37, while the S&P moved up +0.59 percent, +9.68 points, to finish at 1,640.42. The Yahoo! Finance Manufactured Housing Composite dropped -0.81 percent to close at 1052.7. Housing stocks we track closed mixed or even, with Cavco Industries, Inc. gaining the most, +3.26 percent, +1.56, to end the first trading day of the month at 49.47. Third Avenue Value Fund (May 31) dropped the most of stocks we follow, -1.43 percent, -0.79, to close at 54.58. Affiliated Managers Group 163.06 -0.94 (-0.57%). Champion, Liberty Homes and Palm Harbor continued unchanged. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 171,029 -271.00 (-0.12%). Deer Valley remained at 0.60. Drew Industries 38.18 +0.38 (+1.01%). Equity LifeStyle Properties, Inc. 78.27 +1.10 (+1.43%). Louisiana Pacific Industries, Inc. 17.34 -0.23 (-1.31%). Nobility Homes remained unchanged at 7.25. Patrick Industries, Inc. 19.53 +0.04 (+0.21%). Skyline Corp. 4.16 +0.088 (+2.16%). Sun Communities, Inc. 50.15 +0.18 (+0.36). UMH Properties, Inc. 10.67 +0.13 (+1.23%). Universal Forest Products, Inc. 40.39 +0.88 (+2.23%).

(Graphic credit: CNNMoney and RealTick)

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