Major Indexes Slip, Patrick Industries Trips

While the major indexes continue to be up 3-6% for the year, today weak economic numbers, reports of soft sales at Wal-Mart, and ongoing financial troubles in Europe saw the indexes drift lower in the second straight day of drops in the market. CNNMoney reports the Dow Jones Industrial Average moved down -0.34 percent, -46.92 points, to end the day at 13,880.62. The Nasdaq dropped -1.04 percent, -32.92 points, to close at 3,131.49, while the S&P fell -0.63 percent, -9.53, to end the week at 1,502.42. After gaining +5.61 percent yesterday, the Yahoo! Finance Manufactured Housing Composite gained +1.28 percent to close at 1479.4. Housing stocks we track closed mostly down, or even. Universal Forest Products, Inc. gained the most of tracked stocks, though minimally, moving up +0.85 percent, +0.34, to end the day at 40.25. Patrick Industries dropped the most of the stocks we follow that lost, dropping a whopping -16.81 percent, -2.32, to end the day at 11.51. Affiliated Managers Group 143.13 -2.29 (-1.57%). Cavco Industries 45.95 +0.37 (+0.81%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 150,500 -500. (-0.33%). Champion, Liberty Homes, Deer Valley and Palm Harbor continued unchanged. Drew Industries 35.82 -0.03 (-0.08%). Equity LifeStyle Properties 74.81 -0.01 (-0.01%). Louisiana Pacific Industries 20.54 -0.03 (-0.15%). Nobility Homes remained unchanged at 5.18 for a second day. Skyline Corp. 4.60 -0.04 (-0.86%). Sun Communities, Inc. 46.83 +0.08 (+0.12%). Third Avenue Value Fund (Feb.20) 52.43 -0.43 (-0.76%). UMH 10.13 -0.02 (-0.20%).

(Graphic credit: CNNMoney and RealTick)

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