The Fed said the economy expanded at a modest pace in the early parts of 2012, but that wasn’t enough to excite the markets. The Dow ended the day down nearly half a percent and the Yahoo Finance Manufactured Housing Composite Value ended down more than three percent.
Individual stocks falling into the downward trend include Affiliated Managers Group, Inc. down 34 cents, .32 percent to $106.39. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway lost $1,331.00 (1.12 percent) to arrive at $117,934 a share. Cavco Industries lost $1.87 (3.98 percent, making it the day’s biggest decliner) to $45.09 a share. Drew Industries Incorporated lost .53 cents (1.90 percent) to arrive at $27.40. Equity Lifestyle Properties lost .45 cents (.67 percent) to $66.51. Louisiana-Pacific Corporation lost .09 cents (1.09 percent) to $8.17. Patrick Industries, Inc. lost .01 cents (.17 percent) to $6.17. Skyline Corporation lost .05 cents (.62 percent) to $8.05. Universal Forest Products, Inc. lost .52 cents (1.59 percent) to $32.14. UMH Properties lost .12 cents (1.17 percent) to $10.10. Walker & Dunlop, Inc. lost .35 cents (2.73 percent) to $12.45.
Gaining value Wednesday were Sun Communities, Inc., up .07 cents (.17 percent) to $41.39 and Third Avenue Value Fund, up .45 cents (.95 percent) to $47.79.
Not gaining or losing share value Wednesday were Champion, Deer Valley, Liberty Homes, Nobility Homes and Palm Harbor Homes.
(Image Credit: Wikipedia)