Skyline Rises, as Cavco and the Dow drop Precipitously

On the heels of the Dow Jones Industrial Average falling over five percent in January, the weak pace of last month’s manufacturing activity led the Dow down a sorry path for the first trading day of Feb. as it dropped -325.21 points, -2.08 percent, to end the day at 15,372.80. CNNMoney reports the Nasdaq also plummeted, -2.61 percent, -106.92 points, to finish at 3,996.96, while the S&P dropped -40.70 points, -2.28 percent, to end the day at 1,741.89. The Yahoo! Finance Manufactured Housing Composite fell -4.52 percent to close at 696.5. Housing stocks we track in today’s trading mostly closed in negative territory, some closing down three digit percentages, although Skyline Corp. gained +3.08 percent, +0.20, to end the day at 6.70. Cavco Industries dropped the most, -6.00 percent , -4.69 points, to end at 73.43, although Drew, AMG, and Patrick Industries all fell significantly. Affiliated Managers Group 187.69 -11.55 (-5.80%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 165,265 -4,247.00 (-2.51%). Deer Valley remained unchanged at 0.75. Drew Industries 45.53 -2.56 (-5.32%). Equity LifeStyle Properties 39.39 +0.08 (+0.20%). Liberty Homes remained steady at 0.73. Louisiana Pacific Industries remained unchanged at 17.53. Nobility Homes remained at 9.02. Patrick Industries 34.35 -1.66 (-4.60%). Sun Communities, Inc. 46.50 -0.25 (-0.53%). Third Avenue Value Fund (Jan. 31) 55.22 -0.11 (-0.20%). UMH Properties 9.28 -0.17 (-1.08%). Universal Forest Products, Inc. 52.55 +0.20 (+0.04%).

(Graphic credit: CNNMoney and RealTick)

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