Investors Pull the Reins; most Tracked Housing Stocks Slip

Investors, concerned that the continuing drama over the government shutdown and debt crisis may lead to default, expressed their fears today, as all three indexes dropped in today’s trading. CNNMoney reports the Dow dropped -136.34 points, -0.90 percent, to close at 14,936.24. Meanwhile, the Nasdaq moved down -0.90 percent, -37.38 points to end today’s trading at 3,770.38, while the S&P lost -0.85 percent, -14.38 points, to close at 1,676.12. The Yahoo! Finance Manufactured Housing Composite fell -1.51 percent to close at 992.9. Housing stocks we track in today’s trading mostly fell today, although Equity LifeStyle Properties, moved up +0.50 percent, +0.17 to finish at 33.99. Skyline Corp. fell the most of stocks we follow, -4.23 percent, -0.21, to finish at 4.76. Affiliated Managers Group 185.97 -2.53 (-1.33%). Cavco Industries 55.72 -0.52 (-0.92%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 169,455 -1,288.00 (-0.75%). Deer Valley remained unchanged at 0.65. Drew Industries, Inc. 46.92 +0.04 (+0.09%). Liberty Homes remained unchanged at 0.60. Louisiana Pacific Corp. 17.61 -0.28 (-1.56%). Nobility Homes 9.06 +0.01 (+0.11%). Patrick Industries, Inc. 29.08 -0.10 (-0.34%). Third Avenue Value Fund (Oct. 4) 57.06 +0.07 (+0.12%). UMH Properties, Inc. 9.96 +0.07 (-0.71%). Universal Forest Products, Inc. remained steady at 41.64.

(Graphic credit: CNNMoney and RealTick)

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