Three Major Indexes Slide; Cavco Rises, Deer Valley Drops

U. S. stocks slid as markets were down around the world, led by the Nikkei in Japan. The Dow had fallen steeply at the beginning of the trading session but recovered to finish with a minor loss. CNNMoney reports the Dow Jones Industrial Average fell -0.08 percent, -12.67 points, to close at 15,294.50. The Nasdaq lost -0.11 percent, -3.88 points, to finish at 3,459.42, while the S&P slipped -0.29 percent, -4.84 points, to end the day at 1650.51. The Yahoo! Finance Manufactured Housing Composite gained +0.49 percent to close at 1050.6. Housing stocks we track closed mixed or even, with Cavco Industries, Inc. gaining the most of tracked stocks, +4.61 percent, +2.16, to close at 49.00. Deer Valley dropped the most of stocks we follow, falling -8.45 percent, -0.06, to end the session at 0.65, although Patrick Industries and Sun Communities both fell over four percent. Affiliated Managers Group 162.62 -1.40 (-0.85%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 166,980 -620.00 (-0.37%). Champion, Liberty Homes and Palm Harbor continued unchanged. Drew Industries 37.20 +0.17 (+0.46%). Equity LifeStyle Properties, Inc. 80.73 -1.58 (-1.92%). Louisiana Pacific Industries, Inc. 19.07 +0.11 (+0.58%). Nobility Homes remained unchanged at 7.05. Patrick Industries 20.55 -0.92 (-4.29%). Skyline Corp. 4.46 -0.05 (-1.11%). Sun Communities, Inc. 52.45 -2.59 (-4.71%). Third Avenue Value Fund (May 22) 56.17 -0.31 (-0.55%). UMH Properties, Inc. 11.00 -0.01. (-0.09%). Universal Forest Products, Inc. 39.76 +0.07 (+0.18%).

(Graphic credit: CNNMoney and RealTick)

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