CNNMoney reports stocks dropped sharply by the end of Friday’s trading session. Today marked the worst weekly performance in over a year. Investors jitters increased over Washington’s failure to date to raise the debt ceiling. The Dow Jones industrial average fell 97 points, or 0.8%, to close at 12,143. Many manufactured home stocks bucked the downward trend. Berkshire Hathaway, (parent of Clayton Homes, Vanderbilt Mortgage, etc.) fell 836.00 to close at 111,500.00. Cavco Industries rose 0.01 to 42.56. Champion Enterprises was flat. Deer Valley was flat. Drew Industries fell a fraction, by 0.01, to close at 21.30. Equity Lifestyle Properties, was up by 0.51 ending the day at 65.16. Nobility Homes, rose 0.18, closing at 7.90. Palm Harbor was unchanged. UMH Properties slid -0.22 closing at 10.68. Skyline rose 0.13, to 13.53. Universal Forest Products, climbed .022 to 29.47. Yahoo’s Manufactured Housing Composite Value stood at 1021.7, up 0.30.
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