Liberty Plummets, Skyline Drops, S&P hits another High

stock_report_Sept_5Only 142,000 jobs were added to the economy in August, a far cry from the 226,000 economists expected, and breaking the six straight months of growth over 200k monthly. The unemployment rate fell to 6.1 percent, as CNNMoney tells MHProNews, and all three major indexes gained only +.40 percent to +.50 percent each, although the S&P 500 jumped back over the 2k mark to end the week at a new high, 2,007.71, edging up +0.50 percent, +10.06 points. The Dow Jones Industrial Average nudged up +0.40 percent, +67.78 points, to end the week at 17,137.36, and the Nasdaq gained +0.45 percent, +20.61 points, to end at 4,582.90. The Manufactured Housing Composite fell -1.22 percent to 600.7. Tracked housing stocks closed mixed but Liberty Homes plummeted -65.22 percent, from $1.15 to $0.40, a total of -0.75 points, and Skyline dropped -4.76 percent. Equity LifeStyle Properties (ELS) posted the highest percentage gain of stocks we follow, edging up +1.27 percent, +0.58 points, to end the week at 46.15. Affiliated Managers Group (AMG) $211.18 +0.38 (+0.18%). Berkshire Hathaway (BRKA) -parent company to Clayton Homes, 21st, Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $206,700.00 -120.00 (-0.06%). Carlyle Group (CG) $32.62 -0.22 (-0.67%). Cavco Industries (CVCO) $67.59 -1.04 (-1.52%). Deer Valley (DVLY) $0.86 0.00 (0.00%). Killam Properties Inc. (KMP) $10.42 +0.06 (+0.56%). Louisiana Pacific Corp. 14.20 -0.14 (-0.98%). Nobility Homes (NOBH) $10.75 0.00 (0.00%). Patrick Industries (PATK) $42.79 +0.76 (+1.83%). Skyline Corp. 2.80 -0.14 (-4.76%). Sun Communities Inc (SUI) $53.97 +0.40 (+0.75%). Third Avenue Value Fund (TAVFX) (Sept. 4) $62.59 -0.10 (-0.16%). UMH Properties (UMH) $10.25 0.00 (0.00%). Universal Forest Products (UFPI) $47.32 -0.07 (-0.14%). ##

(Graphic credit: CNNMoney and RealTick)

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