Three Major Indexes Tumble; Tracked Housing Stocks Close Mixed

Mixed economic reports and concern over when the Fed may taper the quantitative easing that is pumping $85 billion into the economy troubled the stock market today. CNNMoney reports the Dow Jones Industrial Average fell -0.70 percent, -105.90 points, to end the week at 15,070.18. The Nasdaq dropped -0.63 percent, -21.81 points, to end the day at 3,423.56 while the S&P lost -0.38 percent, -6.27 points, to finish the week at 1,630.39. The Yahoo! Finance Manufactured Housing Composite advanced +1.04 percent to close at 1136. Housing stocks we track closed mixed or even. Patrick Industries gained the most of stocks we track, adding +3.50 percent, +0.70, to close at 20.76. Louisiana Pacific Industries dropped the most of tracked stocks -2.39 percent, -0.41 points, to finish at 16.72. Affiliated Managers Group 165.85 -4.00 (-2.36%). Cavco Industries, Inc. 48.11 -1.24 (-2.51%). Champion, Liberty Homes and Palm Harbor continued unchanged. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 171,259 -1,345.00 (-0.78%). Deer Valley remained unchanged at 0.65. Drew Industries, Inc. 39.98 -0.63 (-1.55%). Equity LifeStyle Properties, Inc. 78.97 +0.21 (+0.27%). Nobility Homes remained unchanged at 7.10. Skyline Corp. remained unchanged at 4.18. Sun Communities, Inc. 49.64 +0.54 (+1.10%). Third Avenue Value Fund 54.02 +0.67 (+1.26%). UMH Properties, Inc. remained steady at 10.26. Universal Forest Products, Inc. 39.41 -0.59 (-1.48%).

(Graphic credit: CNNMoney and RealTick)

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