UFPI, Cavco Register Gains; Dow and S&P Post New Highs

Investors weighed in on the Big Board, kicking the week off swiftly as the Dow Jones Industrial Average steadily increased all day to close at a new high, 16,695.47, gaining +112.13 points, +0.68 percent. The tech-heavy Nasdaq posted a 71.99 point gain, +1.77 percent, to end the day at 4,143.86, while CNNMoney tells MHProNews the S&P also closed at a record high, hitting 1,896.65, gaining +18.17 points, +0.97 percent. The Yahoo! Finance Manufactured Housing Composite moved up +5.19 percent, to finish at 738.10. Most tracked housing stocks gained in today’s trading, or closed even, although Universal Forest Products, Inc. moved up the most of stocks we follow, +4.26 percent, +2.13 points to close at 52.08, with Cavco Industries not far behind, gaining +4.08 percent, +3.07 points ending at 78.33. UMH Properties, Inc. slipped the most of tracked stocks, falling -1.29 percent, -0.13 points, to close at 39.96. Affiliated Managers Group 195.68 +4.00 (+2.09%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 191,115 +232.00 (+0.12%). Deer Valley Corporation 0.71 +0.01 (+1.43%). Drew Industries, Inc. 51.32 +1.03 (+2.05%). Equity LifeStyle Properties 42.94 -0.18 (-0.42%). Liberty Homes remained unchanged at 0.80. Louisiana Pacific Industries 15.67 +0.37 (+2.40%). Nobility Homes 11.00 +0.05 (+0.46%). Patrick Industries 39.85 +0.56 (+1.43%). Skyline Corp. 4.95 +0.04 (+0.81%). Sun Communities, Inc. 47.58 +0.14 (+0.30%). Third Avenue Value Fund (May 9) 58.34 -0.11 (-0.19%).

(Graphic credit: CNNMoney and RealTick)

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