Major Indexes Fall; Housing Composite Advances for 3rd Consecutive Day

Stocks fell for the fifth day in a row as our leaders in Washington bluster about, with no apparent resolution in sight to the looming fiscal cliff. CNNMoney reports the Dow Jones Industrial Average slipped -1.21 percent, -158.20 points, falling below the 13,000 mark to 12,938.11. The Nasdaq moved down -0.86 percent, -25.60 points, to close at 2,950.31, while the S&P ended the week losing -1.10 percent, -15.67 points, to close at 1,402.43. The Yahoo! Finance Manufactured Housing Composite moved up +0.18 percent to close at 1220. Housing stocks we track closed mixed, with little movement either way, or even. UMH gained the most of stocks we track, moving up +0.69 percent, +0.07, to end the day at 10.18. Drew Industries fell the most of tracked stocks, losing -1.46%, -0.47, to close at 31.82. Affiliated Managers Group 127.74 -1.09 -0.85 percent. Cavco Industries 48.59 +0.25 (+0.52%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 133,000 -900. (-0.67%). Champion, Liberty Homes, and Palm Harbor continued unchanged. Deer Valley remained unchanged at 0.58. Equity LifeStyle Properties 66.50 -0.50 (-0.75%). Louisiana Pacific Industries 18.56 -0.15 (-0.80%). Nobility Homes continued unchanged at 4.95. Patrick Industries 14.97 +0.03 (+0.20%). Skyline Corp. 4.07 -0.04 (-0.97%). Sun Communities, Inc. 39.11 -0.17 (-0.43%). Third Avenue Value Fund (Dec. 27) 49.49 +0.04 (+0.08%). Universal Forest Products, Inc. 37.80 –0.14 (-0.37%).

(Graphic credit: CNNMoney and RealTick)

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