Major Indexes Slide; Many Tracked Housing Stocks Follow

With concerns that stocks are overvalued, investors stepped back as major indexes continued to knock on the door of record highs. CNNMoney reports the Dow Jones Industrial average dropped -0.06 percent, -8.99 points, to end the day’s trading at 15,967.03. The Nasdaq fell -0.44 percent, -17.52 points, to end the day at 3,9331.52, while the S&P lost -3.66 points -0.20 percent, to finish at 1,787.87. The Yahoo Manufactured Housing Composite advanced +5.55 percent to end at 738.6. Tracked housing stocks close mixed or even. UMH Properties gained the most of stocks we follow, moving up +1.05 percent, +0.10, to close at 9.48. Patrick Industries dropped the most of stocks we track, -1.52%, -0.47, to end the day at 30.40. Cavco Industries 60.13 +0.44 (+0.74%). Clayton Homes Berkshire Hathaway supplier and financer of manufactured homes 173,760 -50.00 (-0.03%). Deer Valley remained at 0.66. Drew Industries, Inc. 50.89 -0.44 (-0.86%). Equity LifeStyle Properties 36.10 -0.13 (-0.36%). Liberty Homes remained unchanged at 1.01. Louisiana Pacific Industries 15.81 +0.06 (+0.38%). Nobility Homes remained unchanged at 10.00. Skyline Corp. 4.95 -0.05 (-1.00%). Sun Communities, Inc. 41.68 -0.20 (-0.48%). Third Avenue Value Fund (Nov. 18) 58.58 +0.11 (+0.19%). Universal Forest Products, Inc. 51.39 -0.02 (-0.04%).

(Graphic credit: CNNMoney and RealTick)

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