Indexes, Most Tracked Housing Stocks all Fall Down

All three indexes lost over one percent in a strong sell-off of stocks to end the month, although all three are on the plus side for May. The Dow Jones Industrial Average marked the sixth consecutive monthly gain; all three indexes are up approximately 16 percent on the year. CNNMoney reports the Dow Jones Industrial Average dropped -1.36 percent, – 208.96 points, to close at 15,115.57. The Nasdaq lost -1.01 percent, -35.39 points, to end the day at 3,455.91, while the S&P fell -1.43 percent, -23.67 points, to finish at 1,630.74. The Yahoo! Finance Manufactured Housing Composite dropped -2.29 percent to close at 1061.3. All housing stocks we track closed down or even, following the three major indexes, with Sun Communities, Inc. falling the most, dropping 3.66 percent, -1.90, to end the month at 49.97. Affiliated Managers Group 164.00 -3.30 (-1.97%). Cavco Industries, Inc. 47.50 -0.43 (-0.90%). 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 171,380 -820.00 (-0.57%). Deer Valley remained at 0.60. Drew Industries 37.80 -0.20 (-0.53%). Equity LifeStyle Properties, Inc. 77.17 -1.35 (-1.72%). Louisiana Pacific Industries, Inc. 17.90 -0.10 (-0.59%). Nobility Homes remained unchanged at 7.25. Patrick Industries, Inc. 19.67 -0.04 (-0.89%). Skyline Corp. 4.07 -0.11 (-2.63%). Third Avenue Value Fund (May 30) 55.37 -0.10 (-0.18%). UMH Properties, Inc. 10.54 -0.26 (-2.41%). Universal Forest Products, Inc. 39.51 -0.51 (-1.27%).

(Graphic credit: CNNMoney and RealTick)

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