Three Major Indexes and Most Housing Stocks Drop

Despite good news from the housing market and positive consumer confidence reports, investors were more focused on the what they see as a tepid global economy, as the three major indexes all dropped. CNNMoney reports the Dow Jones Industrial Average slid down -101.37 points, -0.75 percent, to close at 13,457.32, while the Nasdaq dropped -1.36 percent to 3,117.73. The S&P lost -1.05 percent to close at 1,441.59. The Yahoo! Finance Manufactured Housing Composite fell -0.46 percent to close at 1084.20. Housing stocks we track mostly closed down, or even. Cavco Industries edged up the most of tracked stocks, gaining +0.68%, +0.31, to close at 46.15. Louisiana Pacific Corp. dropped the most of stocks we follow, falling -4.50%, -0.62, to close at 13.27. Affiliated Managers Group 121.59 -2.48 (-2.00%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 132,485 -549.00 (-0.41%). Champion, Liberty Homes, Deer Valley and Palm Harbor all remained unchanged. Drew Industries 30.77 -0.09 (-0.29%). Equity LifeStyle Properties 69.15 -0.33 (-0.47%). Nobility Homes remained unchanged at 6.00 for the third consecutive day. Patrick Industries 14.56 -0.18 (-1.22%). Skyline Corp. 5.07 +0.02 (+0.40%). Sun Communities, Inc. 43.91 -0.56 (-1.26%). Third Avenue Value Fund (9-24) 48.93 -0.01 (-0.02%). United Forest Products, Inc. 42.56 -0.18 (-0.25%). UMH 11.91 -0.17 (-1.41%).

(Graphic credit: CNNMoney and RealTick)

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