Tracked Housing Stocks Respond Well to Jobs News

Investors roared their approval at the announcement of 163,000 new jobs created in July, just under 100,000 more than in June, sending the Down Jones Industrial Average soaring as it gained 217.29 points, +1.69 percent, ending the week at 13,096.17, according to CNNMoney. Likewise the Nasdaq advanced a full 2.00 percent, to close at 2,967.90, while the S&P moved up 1.90 percent to 1,390.99. The Yahoo! Finance Manufactured Housing Composite gained +0.30% to close at 1017. Several housing stocks we track roared their approval as well. Patrick Industries gained the most of tracked stocks, advancing 11.25 percent, +1.26, to end the day at 12.46, while Drew Industries and Louisiana Pacific responded positively as well. Third Avenue Value Fund (8-2) was the only tracked stock to fall, trailing a day behind. It dropped -0.57 percent, -0.26, to close at 45.19. Affiliated Managers Group 112.99 +2.53 (+2.29%). Cavco Industries 48.59 +0.12 (+0.25%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 128,479 +2,189 (+1.73%). Champion, Liberty Homes, Deer Valley and Palm Harbor all remained unchanged. Drew Industries 28.89 +2.56 (+9.72%). Equity Lifestyle Properties 71.50 +0.22 (+0.31%). Louisiana Pacific Corp. 11.20 +0.53 (+4.97%). Nobility Homes was unchanged at 5.63. Skyline Corp. 4.62 +0.13 (+2.90). Sun Communities 47.29 +0.40 (+0.85%). United Forest Products, Inc. 34.13. +1.29 (+3.93%). UMH Properties 11.82 +0.45 (+3.96%).

(Graphic credit: CNNMoney and RealTick)

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