Jobs Report Spurs Major Indexes and Tracked Housing Stocks

The better-than-expected November jobs report spurred the Dow to gain nearly 200 points following a week of losses, even though it may mean tapering of the Federal Reserve’s stimulus activity. CNNMoney reports the Dow Jones Industrial Average gained 198.69 points, +1.26 percent, to close at 16,020.20. The Nasdaq advanced +0.73 percent, +29.35 points, to finish at 4,062.52, while the S&P moved up 20.06 points, +1.12 percent, to end the week at 1,805.09. The Yahoo! Finance Manufactured Housing Composite gained +1.98 percent to close at 723.3. Housing stocks we track in today’s trading closed mixed or even, with Cavco Industries gaining the most of tracked stocks, +2.71 percent, +1.68, to close at 63.67, while Patrick Industries fell the most of stocks we follow, -3.01%, -0.91, to end the week at 29.34. Affiliated Managers Group 203.02 +4.95 (+2.50%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 174,940 +1,940.00 (+1.12%). Deer Valley remained unchanged at 0.65. Drew Industries 53.49 -0.34 (-0.64%). Equity LifeStyle Properties 36.10 +0.04 (+0.11%). Liberty Homes remained unchanged at 0.51. Louisiana Pacific Corp. 16.01 +0.08 (+0.50%). Nobility Homes remained unchanged at 8.50. Skyline Corp. 5.04 +0.03 (+0.60%). Sun Communities 41.72 +0.81 (+1.98%). Third Avenue Value Fund (Dec. 5) 57.88 -0.08 (-0.14%). UMH Properties 9.59 +0.08 (+0.84%). Universal Forest Products, Inc. 50.00 +0.50 (+1.01%).

(Graphic credit: CNNMoney and RealTick)

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