Indexes, Most Housing Stocks Advance

Stocks rose on news the stalemate in Washington between the administration and Congress has eased with the possibility of resolution before the Jan. 1 deadline’s fiscal cliff. CNNMoney reports the Dow Jones Industrial Average gained 0.76 percent, +100.38 points, ending the day at 13,235.39. The Nasdaq moved up 1.32 percent, +39.26 points, to close at 3,010.60, while the S&P advanced +1.19 percent, +16.78 points, to close at 1,430.36. The Yahoo! Finance Manufactured Housing Composite gained +0.39 percent to close at 1183.1. All but one of the housing stocks we follow closed up or even. Patrick Industries gained the most of tracked stocks, +3.71 percent, +0.54, to end the day at 15.11. Nobility Homes was the only stock we follow that lost, falling -7.48 percent, -0.40, to close at 4.95. Affiliated Managers Group 130.12 +2.21 (+1.73%). Cavco Industries 49.04 +0.96 (+2.00%). Champion, Liberty Homes, and Palm Harbor all remained unchanged. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 134,850 +1,055. (+0.79%). Deer Valley remained unchanged at 0.54. Drew Industries 31.59 +0.73 (+2.37%). Equity LifeStyle Properties 66.61 +0.74 (+1.12%). Louisiana Pacific Industries 17.69 +0.15 (+0.86%). Skyline Corp. 4.04 +0.08 (+2.02%). Sun Communities, Inc. 38.79 +0.33 (+0.86%). Third Avenue Value Fund (Dec. 14) 49.95 +0.13 (+0.26%). Universal Forest Products, Inc. 36.53 +0.49 (+1.41%). UMH remained unchanged at 10.01.

(Graphic credit: CNNMoney and RealTick)

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