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Universal Forest Products Gains +8%; MHCV moves up to 1343.8.

stock_report_May_2In the news from CNNMoney: Puerto Rico’s $422 million default is largest yet. Laid off Saudi construction workers torch buses as sinking oil prices spread belt tightening. Otis Elevator reshaped cities to be elevator friendly. Gold hits five-month high, now over $1,300. Machine defeats human in foosball. Simple phones may be making a comeback. Atlantic City pulled back from brink of default.

On the Big Board:

The Dow Jones Industrial Average moves up +0.66 percent, +117.52 points to end the day at 17,891.16.

The NASDAQ gained 0.88 percent, +42.23 points to close at 4817.59.

The S&P 500 advanced +0.78 percent, +16.13 points, to close at 2,081.43.

Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) edged up +0.62 percent to finish at 1343.8. Active MH-related stocks closed mostly up, or even, with Universal Forest Products gaining more than all other active stocks, +8.00 percent, +6.13 points, to end the day at $82.78. Skyline Corp. fell more than other tracked stocks, dropping -0.10 points, -1.10 percent, to end the day at $8.95.

Affiliated Managers Group, Inc. (NYSE: AMG) $171.85 +1.53 (+0.90%).

Berkshire Hathaway Inc. (NYSE:BRKA) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $220,253.00 +1,253.00 (+0.57%).

Carlyle Group (NASDAQ:CG) $17.08 +0.34 (+2.03%).

Cavco Industries, Inc. (NASDAQ:CVCO) $88.84 +1.15 (+1.31%).

Deer Valley Corporation (OTCMKTS:DVLY) $ 0.65 0.00 (0.00%).

Drew Industries, Inc. (NYSE:DW) $64.75 -0.08 (-0.12%).

Equity LifeStyle Properties, Inc. (NYSE:ELS) $70.45 +1.96 (+2.86%).

Killam Properties Inc. (TSE:KMP) $10.19 -0.18 (-1.74%). (Jan.6)

Louisiana-Pacific Corporation (NYSE:LPX) $17.42 +0.42 (+2.47%).

Nobility Homes Inc. (OTCMKTS:NOBH) $15.00 0.00 (0.00%)

Northstar Realty Finance Corp. (NYSE:NRF) $12.69 -0.10 (-0.78%)

Patrick Industries, Inc. (NASDAQ:PATK) $45.89 +0.04 (+0.09%).

Skyline Corporation (NYSE:SKY) $8.95 -0.10 (-1.10%).

Sun Communities Inc. (NYSE:SUI) $69.59 +1.72 (+2.53%).

Third Avenue Value Instl (OTCMKTS:TAVFX) $49.94 -0.41 (-0.81%)

UMH Properties, Inc. (NYSE:UMH) $9.89 +0.09 (+0.92%).

Universal Forest Properties, Inc. (NYSE:UFPI) $82.68 +6.13 (+8.00%). ##

(Graphic credit: CNNMoney)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

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