Manufactured Housing Composite Shines, as Housing Stocks Falter

The European Union reached a deal with Cyprus three days ago on the terms of a bailout, but now Cyprus legislators have turned down a tax on bank deposits, putting the bailout in jeopardy. Despite positive housing news, U. S. stocks finished the day mixed, with minimal movement of the three major indexes. CNNMoney reports the Dow Jones Industrial Average edged up +0.03 percent, +3.76 points, to close at 14,455.82. The Nasdaq fell -0.26 percent, -8.49 points, to close at 3,229.10, while the S&P moved down -0.24 percent, -3.76 points, to end the day at 1,548.34. The Yahoo! Finance Manufactured Housing Composite advanced 4.64 percent to close at 1581.1. All housing stocks we track closed down, except for one, or even. Cavco Industries is the only stock we track that gained, moving up +0.51 percent,+0.24, to end today’s session at 47.75. Skyline Corp. fell the most of tracked stocks, dropping -4.23% -0.20, to end the day at 4.53. Affiliated Managers Group 151.86 -1.88 (-1.22%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 152,571 -670.00 (-0.44%). Champion, Liberty Homes, Deer Valley and Palm Harbor continued unchanged. Drew Industries 36.55 -0.67 (-1.80%). Equity LifeStyle Properties 74.64 -0.11 (-0.15%). Louisiana Pacific Corp. 21.54 -0.11 (-0.51%). Nobility Homes remained at 5.30. Patrick Industries 14.09 -0.12 (-0.84). Sun Communities, Inc. 46.68 -0.06 (-0.13%). Third Avenue Value Fund (March 18) 51.91 -0.61 (-1.16%). Universal Forest Products, Inc. 40.98 -0.04 (-0.11%). UMH 10.10 -0.19 (-0.89%).

(Graphic credit: CNNMoney and RealTick)

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