Stock Sell-Off Drops Most Tracked Housing Stocks, Three Major Indexes

A series of poor corporate earnings led to a broad sell-off by investors, as the Dow fell by over 100 points and the other two major indexes dropped as well. CNNMoney reports the Dow Jones Industrial Average fell -138.19 points -0.94 percent, to end the day at 14,618.59. The Nasdaq lost -1.84 percent, -59.96 points, to close at 3,204.67, while the S&P dropped -1.43 percent, -22.56 points, to end the day at 1,552.36. The Yahoo! Finance Manufactured Housing Composite moved down -0.67 percent to close at 1510.9. Housing stocks we track all closed down or even, except for Third Avenue Value Fund (April 16), the only stock we track that gained, advancing +1.55%, +0.81, to end the day at 53.13. While several stocks we track lost one percent or more, Cavco Industries fell the most, dropping -4.07%, -1.76 points, to end the day at 41.47. Affiliated Managers Group 144.98 -3.06 (-2.07%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 157,700 -3,300.00 (-2.05%). Champion, Liberty Homes, Deer Valley and Palm Harbor continued unchanged. Drew Industries 34.36 -1.17 (-3.29%). Equity LifeStyle Properties 80.06 -0.08 (-0.10%). Louisiana Pacific Industries 17.91 -0.60 (-3.24%). Nobility Homes remained unchanged at 5.75. Patrick Industries, Inc. 14.00 -0.47 (-3.25%). Skyline Corp. 4.37 -0.11 (-2.46%). Sun Communities, Inc. 48.30 -0.40 (-0.82%). UMH 11.00 -0.03 (-0.07%). Universal Forest Products, Inc. 34.09 -0.60 (-1.73%).

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