Little Movement in Tracked Housing Stocks, Three Major Indexes

Investors shied away from the market today as they await word from the Federal Reserve on its plans regarding the stimulus program of buying $85 billion bonds each month. As a result, the three major indexes moved little in today’s trading. CNNMoney reports the Dow Jones Industrial Average dropped -9.31 points, -0.06 percent, to close at 15,875.26. The Nasdaq
nudged down -0.14 percent, -5.84 points, to finish the first day of the week at 4023.68, while the S&P lost -5.54 points, -0.31 percent, to end the day at 1,781.00. The Yahoo! Finance Manufactured Housing Composite moved up +1.27 percent to close at 722.4. Housing stocks we track in today’s trading closed mixed or even, but Skyline Corp. edged up the most of tracked stocks, gaining +1.05 percent, +0.05 points, to close at 4.80, while Patrick Industries, Inc. slid the most of stocks we follow, -2.67%, -0.76, to end the day at 27.72. Affiliated Managers Group 203.70 -0.16 (-0.08%). Cavco Industries 62.18 -0.27 (-0.43%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 170,420 -719.00 (-0.42%). Deer Valley remained unchanged at 0.65. Drew Industries 52.81 -0.40 (-0.75%). Equity LifeStyle Properties 36.18 +0.32 (+0.89%). Liberty Homes remained unchanged at 0.6840. Louisiana Pacific Corp. 17.31 +0.10 (+0.58%). Nobility Homes remained unchanged at 8.00. Sun Communities 41.15 +0.41 (+1.01%). Third Avenue Value Fund (Dec. 16) 57.72 +0.30 (+0.52%). UMH Properties 9.11 +0.08 (+0.89%). Universal Forest Products, Inc. 48.66 -0.27 (-0.55%).

(Graphic credit: CNNMoney and RealTick)

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