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MHCV, many Manufactured Housing Stocks Slip; Analysts Predict Further Falls

stock_report_March_26Analysts predict profits for the S&P 500 companies will fall 4.6 percent the first quarter of this year compared to the same period last year, while others say tech and biotech stocks in the Nasdaq are overvalued. This combination plus weak signals in the economy is the reason the Dow Jones Industrial Average slipped -40.31 points, -0.23 percent, to end at 17,678.23, marking the fourth straight day of declines. Meanwhile, the Nasdaq lost -13.16 points, -0.27 percent to close at 4,863.36, while the S&P 500 similarly lost, falling -4.90 points, -0.24 percent, to end the day at 2,056.15.

The Yahoo! Finance Manufactured Housing Composite Value fell -1.16%, to end the day at 632.8, while stocks we cover related to the manufactured housing industry closed mixed or even. More tracked stocks declined than advanced.

As of 4 PM ET, CNNMoney Finance tells MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG) $215.14 +1.25 (+0.58%)

Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st, Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $216,240.00 -7.60 (-0.35%).

Carlyle Group (NASDAQ:CG) $26.38 -0.24 (-0.90%).

Cavco Industries, Inc. (NASDAQ:CVCO) $72.48 -1.27 (-1.72%).

Deer Valley Corporation (OTCMKTS:DVLY) $0.30 0.00% (0.00%).

Drew Industries, Inc. (NYSE:DW) $60.32 -0.68 (-1.11%)

Equity LifeStyle Properties, Inc. (NYSE:ELS) $54.79 -0.34 (-0.62%).

Killam Properties Inc. (TSE:KMP) $10.97 -0.13 (-1.17%).

Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.05 0.00 (0.00%).

Louisiana-Pacific Corporation (NYSE:LPX) $16.43 -0.22 (-1.32%).

Nobility Homes Inc. (OTCMKTS:NOBH) $11.00 0.00 (0.00%).

Patrick Industries, Inc. (NASDAQ:PATK) $62.43 +0.50 (+0.81%).

Skyline Corporation (NYSEMKT:SKY) $3.60 0.00 (0.00%).

Sun Communities Inc. (NYSE:SUI) $66.97 -0.69 (-1.02%).

Third Avenue Value Instl (OTCMKTS:TAVFX) (Oct. 30) $56.92 -0.54 (-0.94%).

UMH Properties, Inc. (NYSE:UMH) 10.08 +0.04 (+0.40%)

Universal Forest Products, Inc. (NYSE:UFPI) $53.45 +0.36 (+0.68%). ##

(Graphic credit: CNNMoney)

matthew-silver-daily-business-news-mhpronews-com   Article submitted by Matthew J. Silver to Daily Business News-MHProNews.

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