Skyline Flies High as Most Housing Stocks Move Little

Investors stayed on the sidelines today as political gridlock gripped lawmakers in their attempts to resolve the fiscal cliff crisis. Economic data indicating spending fell 0.2% and personal income remained unchanged in October did not help matters any as the three major indexes barely moved. CNNMoney reports the Dow Jones Industrial Average managed a gain of +0.03 percent, +3.76 points, ending the month at 13,025.58. The Nasdaq moved down -0.06 percent, -1.79 points, to close at 3,010.24, while the S&P nudged up +0.02 percent, +0.23 points, to close at 1,416.18. The Yahoo! Finance Manufactured Housing Composite moved up +0.88 percent to close at 1215.8. Housing stocks we track closed mixed or even. Skyline Corp. gained the most of tracked stocks, +4.86%, +0.19, to close at 4.10. Affiliated Managers fell the most of tracked stocks, losing -0.46%, -0.60, to close at 128.87. Cavco Industries 51.25 +0.55 (+1.08%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 131,916 +41 (+0.03%). Champion, Liberty Homes, and Palm Harbor all remained unchanged. Deer Valley remained unchanged at 0.70. Drew Industries 32.46 -0.12 (-0.37%). Equity LifeStyle Properties 65.64 +0.30 (+0.46%). Louisiana Pacific Industries 17.42 +0.04 (+0.23%). Nobility Homes remained unchanged at 5.50. Patrick Industries 17.39 +0.33 (+1.93%). Sun Communities 38.60 +0.21 (+0.55%). Third Avenue Value Fund (Nov. 29) 48.86 +0.30 (+0.62%). Universal Forest Products, Inc. 37.66 +0.55 (+1.48%). UMH 10.13 -0.03 (-0.30%).

(Graphic credit: CNNMoney and RealTick)

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