MH Composite Nearly Doubles Dow as Most MH Stocks Advance

With economists predicting the Gross Domestic Product will rise 3.3 percent in the fourth quarter 2011, CNN Money reports the Dow Jones Industrial Average climbed throughout the day, gaining 135.63 points, +1.12 percent, to close at 12,287.04. The Yahoo! Finance Manufactured Housing Composite nearly doubled the rate of the Dow, gaining 2.12 percent to close at 720.7. All but one tracked housing stocks gained, with Patrick Industries posting the biggest advance, moving up +7.02 percent, +0.3084, to close at 4.70. Affiliated Managers Group 96.94 +2.55 (+2.70%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 115,325.00 +525.00 (+0.46%). Champion, Deer Valley, Liberty, and Palm Harbor Homes remained unchanged. Skyline Corp. 4.27 +0.16 (+3.89%). Sun Communities 36.57 +0.25 (+0.69%). Third Avenue Value Fund was the only tracked housing stock to lose, dropping -0.65 percent, -0.26, to close at 39.77 (12-28). UMH Properties 9.19 +0.11 (+1.21%). Universal Forest Products, Inc. 31.46 +1.50 (+5.01%).

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