Stocks Rebound To Close Week, MH Stocks Also Rise

Agreement among European leaders on a new deal to solve the European debt crisis sent the Dow higher by 186 points Friday. Yahoo’s Manufactured Housing Composite Value rose by more than three percent. Affiliated Managers Group added $2.27 (2.43 percent) to close at $95.85. Berkshire Hathaway, parent company to Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers added $485.00 a share (.42 percent) to close at $116,235.00. Cavco Industries added $1.02 (2.38 percent) to close at $43.95. At 11.32 a.m., Drew Industries price crossed above its 15 day moving average by +2.50 percent. By the close of the markets DW added 79 cents a share (3.55 percent) to arrive at $23.02. Equity Lifestyle Properties closed at $63.92, adding $1.69 (2.72 percent). Nobility Homes closed at $6.36, adding 21 cents (3.41 percent). Patrick Industries had the largest percentage gain with 18.51 percent (62 cents) to close at $3.97 a share. Skyline Corporation also added 62 cents (9.72 percent) to close at $7 a share. Sun Communities added 66 cents (1.97 percent) to close at $34.24. Third Avenue Value Fund was one of the few decliners Friday, erasing $1.22 a share (2.91 percent) to arrive at $40.66. Universal Forest Products added $1.35 (4.97 percent) to close at $28.50. UMH Properties added 16 cents (1.75 percent) to arrive at $9.28 a share. Walker Dunlop added 2 cents a share (16 percent) to close at $12.20 a share. Champion, Liberty Deer Valley and Palm Harbor were unchanged.

(Image Credit: CNN Money)

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