Three Major Indexes Barely Move; Most Tracked Housing Stocks Fall

Investors continue to cautiously wait for the Federal Reserve’s report tomorrow (July 31) following their two-day policy meeting. Even though housing prices continue to rise, the three major indexes moved little. CNNMoney reports the Dow Jones Industrial Average edged down -1.38 points, -0.01 percent, to close at 15,520.59. The Nasdaq nudged up +0.48 percent, +17.33 points, to end the day at 3,616.47, while the S&P moved up +0.04 percent, +0.63 points, to close at 1,685.96. The Yahoo! Finance Manufactured Housing Composite rose 1.87 percent to close at 1014.5. Most housing stocks we follow closed down, or even, although Affiliated Managers Group posted the biggest gain of tracked stocks, +3.17 percent, +5.43 points, to end the day at 178.00. Patrick Industries dropped the most of stocks we follow, falling -2.09 percent, -0.59, to end the day at 24.14. Cavco Industries 53.16 +0.20 (+0.38%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 173,566 -939.00 (-0.54%). Deer Valley remained unchanged at 0.60. Drew Industries 41.19 -0.15 (-0.35%). Equity LifeStyle Properties 38.88 -0.08 (-0.20%). Liberty Homes and Palm Harbor continued unchanged. Louisiana Pacific Industries 15.90 -0.34 (-2.09%). Nobility Homes remained unchanged at 9.00. Skyline Corp. 4.70 -0.04 (-0.84%). Sun Communities, Inc. 50.13 -0.41 (-0.87%). Third Avenue Value Fund (July 29) 55.79 -0.60 (-1.06%). UMH Properties, Inc. 10.95 -0.02 (-0.18%). Universal Forest Products, Inc. 40.53 -0.06 (-0.14%).

(Graphic credit: CNNMoney and RealTick)

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