Nearly All Tracked Housing Stocks and Three Major Indexes Fall

Investors were not encouraged by the Federal Reserve’s decision to continue its quantitative easing in support of the economy as all three indexes fell modestly. CNNMoney reports the Dow Jones Industrial Average dropped -61.59 points, -0.39 percent, to close at 15,618.76. The Nasdaq fell -0.55 percent, -21.72 points, to finish at 3,930.62 while the S&P dropped -8.64 points, -0.49 percent, to close at 1,763.31. The Yahoo! Finance Manufactured Housing Composite lost -2.30 percent to close at 887. Housing stocks we track in today’s trading all closed down or even except for Equity LifeStyle Properties which managed a modest gain of +0.20 points, +0.53 percent, to close at 38.10. Louisiana Pacific Corp. fell the most of stocks we follow, -3.31%, -0.59, to end the day at 17.24. Affiliated Managers Group 199.03 -3.30 (-1.63%). Cavco Industries, Inc. 60.90 -1.00 (-1.62%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 174,340 -1,651.00 (-0.94%). Drew Industries, Inc. 50.37 -0.55(-1.08%). Deer Valley remained unchanged at 0.65. Liberty Homes remained unchanged at 0.60. Nobility Homes remained steady at 9.30. Patrick Industries 32.08 -0.32 (-0.99%). Skyline Corp. 4.38 -0.02 (-0.45%). Sun Communities, Inc. 45.48 -0.33 (-0.72%). Third Avenue Value Fund (Oct. 29) remained unchanged at 58.11. UMH Properties 10.28 -0.11 (-1.06%). Universal Forest Products Inc. 53.34 -0.06 (-0.13%).

(Graphic credit: CNNMoney and RealTick)

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