MHCV Out Performs the Dow, as Fed Head Yellen Notes Economy Slowdown

stock__report_March_27If underlying conditions had truly returned to normal, the economy should be booming,” said Federal Reserve Chairwoman Janet Yellen said in a talk in San Francisco. She ticked off a few other considerations: The strong dollar is hurting exports, lower oil prices have led to reduced drilling, and the housing market recovery has slowed.

The Big Board reflected her subdued tone: the Dow Jones Industrial Average moved up only +0.19 percent, +34.43 points, to end the week at 17,712.66. Meanwhile, the Nasdaq advanced +0.57 percent, +27.86 points to close at 4,891.22, while the S&P 500 similarly gained, +0.24 percent, +4.87 points to finish at 2,061.02.

However the Yahoo! Finance Manufactured Housing Composite Value climbed +2.34%, to end the day at 647.7, while stocks we cover related to the manufactured housing industry closed mixed or even. Cavco Industries gained the most of stocks we cover, advancing +3.68 percent, while UMH Properties slipped the most, falling -0.79 percent.

As of 4 PM ET, CNNMoney Finance tells MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG) $214.17 -0.97 (-0.45 %)

Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st, Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $217,000.00 +760.00 (+0.35%).

Carlyle Group (NASDAQ:CG) $26.98 +0.60 (+2.28%).

Cavco Industries, Inc. (NASDAQ:CVCO) $75.03 +2.66 (+3.68%).

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

Drew Industries, Inc. (NYSE:DW) $60.30 -0.02 (-0.02%)

Equity LifeStyle Properties, Inc. (NYSE:ELS) $55.32 +0.32 (+0.58%).

Killam Properties Inc. (TSE:KMP) $10.95 +0.03 (+0.27%).

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

Louisiana-Pacific Corporation (NYSE:LPX) $16.43 0.00 (0.00%).

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

Patrick Industries, Inc. (NASDAQ:PATK) $62.60 +0.17 (+0.27%).

Skyline Corporation (NYSE:SKY) $3.58 -0.015 (-0.42%).

Sun Communities Inc. (NYSE:SUI) $66.30 -0.02 (-0.03%).

Third Avenue Value Instl (OTCMKTS:TAVFX) (Oct. 30) $56.80 -0.12 (-0.21%).

UMH Properties, Inc. (NYSE:UMH) 10.00 -0.08 (-0.79%)

Universal Forest Products, Inc. (NYSE:UFPI) $54.19 +0.74 (+1.38%). ##

(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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