Three Major Indexes Slide; Most Tracked Housing Follows Suit

With two Federal Reserve presidents hinting its bond buying program may begin tapering next month, investors stepped back; perhaps it is just the dog days of summer stepping in to slow things down. CNNMoney reports the Dow Jones Industrial Average slid -93.39 points, -0.60 percent, to close at 15,518.74. The Nasdaq dropped -0.74 percent, -27.18 points to end the day at 3,665.77, while the S&P fell back -0.57 percent, -9.77 points, to close at 1,697.37. The Yahoo! Finance Manufactured Housing Composite dropped -3.25 percent to close at 958.3. Housing stocks we follow closed mixed or even, but more fell than rose. Drew Industries, Inc. posted the biggest gain of tracked stocks, +4.00 percent, +1.67 points, to end the day at 43.39. Deer Valley dropped the most of stocks we follow, falling -5.81 percent, -0.04, to end the day at 0.60, although Patrick, Cavco, and Skyline each fell over three percent. Affiliated Managers Group 184.22 -1.78 (-0.96%). Cavco Industries 53.25 -1.95 (-3.53%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 176,855 -445.00 (-0.25%). Equity LifeStyle Properties 37.15 -0.18 (-0.48%). Liberty Homes remained steady at 0.60. Louisiana Pacific Industries 16.84 +0.03 (+0.18%). Nobility Homes remained steady at 8.50. Palm Harbor Homes remained unchanged. Patrick Industries 24.42 -1.23 (-4.80%). Skyline Corp. 4.97 -0.20 (-3.87%). Sun Communities, Inc. 48.22 -0.33 (-0.68%). Third Avenue Value Fund (Aug 5) 56.78 -0.21 (-0.37%). UMH Properties, Inc. 10.92 +0.13 (+1.20%). Universal Forest Products, Inc. 40.77 -0.46 (-1.12%).

(Graphic credit: CNNMoney and RealTick)

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