Major Indexes Slide, most Tracked Housing Stocks Drop, but Nobility Rises

Investors stepped back from the dance floor today anticipating the Federal Reserve may announce it will begin to pare its bond buying in September, causing the three indexes to slide slightly. CNNMoney reports the Dow Jones Industrial Average edged up +3.22 points, +0.02 percent, to close at 15,558.83. The Nasdaq nudged up +0.22 percent, +7.98 points, to end the day at 3,613.17, while the S&P moved up +0.08 percent, +1.40 points, to close at 1,691.65. The Yahoo! Finance Manufactured Housing Composite fell -2.54 percent to end at 995.9. Most housing stocks we follow closed down, or even, with Nobility Homes posting the biggest gain of tracked stocks, +5.88 percent, +0.50 points, to end the day at 9.00. Skyline Corp. dropped the most of stocks we follow, falling -4.44 percent, -0.22, to end the day at 4.74. Affiliated Managers Group 172.57 -1.85 (-1.06%). Cavco Industries 52.96 -1.31 (-2.41%). Champion, Liberty Homes and Palm Harbor continued unchanged. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 174,505 -1,421.00 (-0.81%). Deer Valley remained unchanged at 0.60. Drew Industries 41.34 -0.47 (-1.12%). Equity LifeStyle Properties 39.12 -0.20 (-0.51%). Louisiana Pacific Industries 16.25 -0.17 (-1.00%). Patrick Industries 24.73 -0.14 (-0.56%). Sun Communities, Inc. 50.74 +0.08 (+0.16%). Third Avenue Value Fund (July 26) 56.39 -0.28 (-0.49%). UMH Properties, Inc. 10.97 -0.13 (-1.17%). Universal Forest Products, Inc. 40.72 -0.15 (-0.36%).

(Graphic credit: CNNMoney and RealTick)

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