Many Tracked Housing Stocks, Three Major Indexes all Tumble

Following the Federal Reserve’s hinting that it may taper its bond purchases later this year, the three major indexes all lost 1.12 percent to 1.39 percent in a slide that cost the Dow just over 200 points. CNNMoney reports the Dow Jones Industrial Average fell -206.04 points, -1.35 percent, to end the day at 15,112.19. The Nasdaq lost -1.12 percent, -38.98 points, to end the day at 3,443.20, while the S&P dropped -1.39 percent, -22.88 points, to finish the session today at 1,628.93. The Yahoo! Finance Manufactured Housing Composite fell -2.50 percent to close at 1131.3. All housing stocks we track closed down or even, except one. Third Avenue Value Fund (June 18) was the only stock we track that nudged up, adding +0.35 percent, +0.19 to close at 54.55. Louisiana Pacific Industries dropped the most of tracked stocks, -3.74 percent, -0.64 points, to finish at 16.45. Affiliated Managers Group 168.01 -2.03 (-1.19%). Cavco Industries 48.60 -0.09 (-0.18%). 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 170,952 -1,629.00 (-0.94%). Deer Valley remained unchanged at 0.65. Drew Industries, Inc. 40.67 -0.58 (-1.41%). Equity LifeStyle Properties, Inc. 76.95 -2.43 (-3.06%). Nobility Homes remained unchanged at 7.10. Patrick Industries 22.15 -0.22 (-0.98%). Skyline Corp. 4.08 -0.13 (-3.09%). Sun Communities, Inc. 49.81 -1.61 (-3.13%). Third Avenue Value Fund (June 17) 54.55 +0.19 (+0.35%). UMH Properties, Inc. 10.22 -0.19 (-1.83%). Universal Forest Products, Inc. 43.64 -1.57 (-3.47%).

(Graphic credit: CNNMoney and RealTick)


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