Tracked Housing Stocks all Gain as Dow, S&P hit New Highs

Stocks surged in today’s trading after the two-day Federal Reserve meeting revealed tapering of Quantitative Easing program will not begin yet, just the tune investors wanted to hear. CNNMoney reports the Dow shot up 147.21 points, +0.95 percent, to close at 15,676.94. Meanwhile, the Nasdaq gained +1.01 percent, +37.94 points to end today’s trading at 3,783.64, while the S&P gained +1.22 percent, +20.76 points, to close at 1,725.52. The Yahoo! Finance Manufactured Housing Composite gained +1.42 percent to end today’s session at 1960.8. Housing stocks we track all closed up or even. Universal Forest Products, Inc. spiked the most of tracked stocks, +5.90 percent, +2.37, to end the day at 42.51. Similarly, Cavco, Drew and Nobility made significant gains in today’s session as well. Affiliated Managers Group 188.22 +1.78 (+0.95%). Cavco Industries, Inc. 59.87 +2.78 (4.87%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 175,005 +1,706.00 (+0.98%). Deer Valley remained unchanged at 0.65. Drew Industries 43.26 +1.33 (+3.17%). Equity LifeStyle Properties 35.52 +0.17 (+0.48%). Liberty Homes remained unchanged at 0.60. Louisiana Pacific Corp. was unchanged at 17.71. Nobility Homes 8.65 +0.30 (+3.59%). Patrick Industries 29.60 +0.19 (+0.65%). Skyline Corp. 4.73 +0.02 (+0.42%). Sun Communities, Inc. 46.09 +0.97 (+2.15%). Third Avenue Value Fund (Sept 17) 57.27 +0.05 (+0.09%). UMH Properties, Inc. 9.76 +0.21 (+2.20%).

(Graphic credit: CNNMoney and Real  Tick)

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