QE3’s Umph Fades?

2012-09-26_1517-graphic-credit-cnn-money-real-tick-posted-manufactured-home-marketing-sales-management-mhpronews.com-daily-business-news-market-reportQE3 was dollar devaluation in disguise for most other than savvy investors, so it is no wonder that market, housing and other prices ‘went up’ in its initial wake. But as economic realities are sinking in, the Dow lost ground as did the Yahoo! Finance’s Manufactured Housing Composite Index. CNN Money reports that the Dow fell to 13,413.51 off -44.04 / (-0.33%), up +9.79% for the year. The Manufactured Housing Composite value dropped -1.09% to 1072.4. Affiliated Managers Group Inc. (AMG) slid a fraction to 121.57 -0.02(-0.02%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as other MH home-building, lending and other housing suppliers parent company Berkshire Hathaway was the sole gainer among tracked stocks today, closing at 132,491.00 +6.00 (0.00%). Cavco Industries followed the day’s pattern, closing down 45.39 -0.69 (-1.50%). Drew dropped to 30.00 – 0.77(-2.50%). Unchanged for the day are Champion Enterprises, Deer Valley, Liberty Homes, Nobility Homes and Palm Harbor Homes. The SKY slid, Skyline Corp. 4.85 -0.22(-4.34%). Third Avenue Value Fund (TAVFX) 48.49 – 0.44 (-0.90%) (9.25.2012). Universal Forest Products Inc. (UFPI), 40.52 -1.27(-3.04%) and UMH Properties Inc. (UMH) 11.83  -0.08 (-0.67%). ##


(Graphic Credit: CNN Money/Real Tick)


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