The Dow and the Yahoo Finance Manufactured Housing Composite were going in opposite directions Wednesday. While the general indexes lost about one percent, the manufactured housing index gained as much and more.
Gaining ground Wednesday were Cavco Industries, up .46 cents (.87 percent) to $53.18; Nobility Homes, up $1.25 (18.94 percent making it the day’s biggest gainer) to $7.85; Patrick Industries, up .10 cents (1.78 percent) to $5.71 and Third Avenue Value Fund, up .53 cents (1.16 percent to $46.38.
Gains were not across the board. Losing ground were Affiliated Managers Group, down .61 cents (.58 percent) to $104.51; Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway, down $1,565 (1.32 percent) to $116,910.00; Drew Industries, -.17 (.59 percent) to $28.70; Equity Lifestyle Properties, down .03 cents (.04 percent) to $67.67; Louisiana Pacific, down .07 cents (.88 percent) to $7.91; Skyline Corporation, off .29 cents (3.83 percent making it the day’s biggest decliner) to $7.28; Sun Communities, down .16 percent (.40 percent) to $39.93; Universal Forest Products, down .31 cents (.94 percent) to $32.50; UMH Properties, down .11 cents (1.06 percent) to $10.31 and Walker and Dunlop, down .15 cents (1.19 percent) to $12.46.
Champion, Deer Valley, Liberty, Palm Harbor ended the day without gaining or losing share value.
(Image Credit: Eric Miller)