Manufactured Housing Composite Plummets; Tracked Housing Stocks Mixed

Federal Reserve Chair nominee Janet Yellen said she will continue to support the economy with stimulus measures, which sent the three major indexes up modestly, but sufficiently to spur the Dow and S&P to new highs. CNNMoney reports the Dow Jones Industrial Average gained +54.59 points, +0.35 percent, to finish the day at 15,876.22. The Nasdaq moved up +0.18 percent, +7.16 to end the day at 3,972.74, while the S&P gained 8.62 points, +0.48 percent, to close at 1,790.62. The Yahoo! Finance Manufactured Housing Composite plummeted 24.31 percent to close at 609. Housing stocks we track in today’s trading closed up or even. Skyline Corp. gained the most of stocks we follow, +5.19 percent, moving up +0.24 points, to end at 4.86, while Drew Industries and UMH Properties both fell -0.93 percent, the most of tracked stocks. Drew fell -0.49 percent to close at 51.93, while UMH nudged down -0.09 to end the day at 9.60. Affiliated Managers Group 201.95 -0.98 (-0.48%). Cavco Industries 58.34 +1.61 (+2.84%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 173,320 +1,170.00 (+0.68%). Deer Valley remained unchanged at 0.65. Equity LifeStyle Properties 36.75 +0.32 (+0.88%). Liberty Homes remained unchanged at 1.01. Louisiana Pacific Corp. 16.35 +0.36 (+2.25%). Nobility Homes remained at 9.25. Patrick Industries 30.37 +0.50 (+1.67%). Skyline Corp. Sun Communities, Inc. 42.01 +0.22 (+0.53%). Third Avenue Value Fund (Nov. 13) 58.02 +0.27 (+0.47%). Universal Forest Products, Inc. 52.13 -0.53 (-0.25%).

(Graphic credit: CNNMoney and RealTick)

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