Most Tracked Housing Stocks Rise Along with Indexes

In addition to Atlanta’s Federal Reserve Bank’s president suggesting stimulus may be coming, JPMorgan Chase’s announcement of a stronger-than-expected earnings report sent all three indexes up well over one percent at week’s end. CNNMoney tells us the Dow Jones Industrial Average gained 203.82 points, +1.48 percent, to close at 12,777.09. The Nasdaq rose +42.28 points to 2,908.47, while the S&P moved up +1.65 percent to 1,356.78. The Yahoo! Finance Manufactured Housing Composite fell -0.69 percent to close at 1,019.9. All but two of the housing stocks we track closed up or even. Drew Industries gained the most of tracked stocks, adding +3.91%, +1.06, to close at 28.16, although Affiliated Managers Group did well also, moving up +3.59%, + 3,82, to close at 110.08. Third Avenue Value Fund (7-12) lost the most of stocks we track, falling -1.49%, -0.67, to close at 44.40. Cavco Industries 49.54 +0.32 (+0.65%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 126,668 +1,3047.00 (+1.07%). Champion, Liberty Homes, Deer Valley and Palm Harbor all remained unchanged. Drew Industries 28.16 +1.06 (+3.91%). Equity Lifestyle Properties 70.18 +1.31 (+1.90%). Louisiana Pacific Corp. 11.18 +0.12 (+1.08%). Nobility Homes remained unchanged at 5.45. Patrick Industries, Inc. 14.65 -0.20 (-1.35%). Skyline Corp. 5.08 +0.05 (+0.99%). Sun Communities 45.84 +0.74 (+1.64%). United Forest Products, Inc. 39.97 +0.42 (+1.06%). UMH Properties 11.61 +0.03 (+0.26%).

(Graphic credit: CNNMoney and RealTick)

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