Patrick Edges Up, UFPI Drops, Housing News Dings Three Major Indexes

The three major indexes all ended in red ink in today’s trading after minutes from the January Federal Reserve meeting indicated tapering of the monthly stimulus will continue, and news that housing starts in January were less than anticipated. CNNMoney reports the Dow Jones Industrial Average fell -89.84 points, -0.56 percent, to end the day at 16,040.56. The Nasdaq lost -34.83 points, -0.82 percent, to finish at 4,237.95, while the S&P moved down -12.01 points, -0.65 percent, to end the day at 1,828.75. The Yahoo! Finance Manufactured Housing Composite remained at 689.9. Housing stocks we track in today’s trading closed mixed or even, but Patrick Industries edged up the most, +0.99 percent, +0.37, to close at 37.59. Universal Forest Products, Inc. fell the most of stocks we follow, dropping -2.57 percent, -1.48, to end the day at 55.18. Affiliated Managers Group 187.42 -2.45 (-1.29%). Cavco Industries, Inc. 72.62 -1.50 (-2.02%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 170,080 -2,212.00 (-1.28%). Deer Valley remained unchanged at 0.75. Drew Industries 48.70 -1.21 (-2.42%). Equity LifeStyle Properties 39.86 -0.27 (-0.67%). Liberty Homes remained steady at 0.73. Louisiana Pacific Industries 17.29 -0.12 (-0.82.%). Nobility Homes 10.75 +0.05 (+0.47%). Skyline Corp. 6.35 -0.05 (-0.78%). Sun Communities, Inc. 47.17 -0.66 (-1.38%). Third Avenue Value Fund (Feb. 18) 56.01 +0.12 (+0.21%). UMH Properties 9.36 -0.05 (-0.53%). ##

(Graphic credit: CNNMoney and RealTick)

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