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Volatile Skyline Drops again, MH Composite Rises, Dow Hits New High but falls back

stock_report_Sept_17With news that the Federal Reserve will not raise interest rates before the summer of 2015, although the quantitative easing that provides stimulus to the economy will likely cease before year’s end, Dow Jones Industrial Average hit a record high above 17,200, gaining +24.88 points, +0.15 percent, but closing just below at 17,156.85. The Nasdaq advanced +9.43 points, +0.21 percent, to end the day at 4,562.19, while the S&P 500 moved up +0.13 percent, +2.59 points, to finish at 2,001.57. The Manufactured Housing Composite gained +4.01 percent to 611.3. Most tracked stocks closed slightly higher, or even, although Skyline Corp., after plummeting -9.75 percent Monday, spiked in yesterday’s trading, gaining +10.80 percent, but lost ground today, dropping -2.53 percent, -0.07, to end the day at 2.70. Louisiana Pacific Corp. (LPX) edged up the most of stocks MHProNews follows on CNNMoney, +1.30 percent, +0.19 points, to finish at 14.82. Affiliated Managers Group, Inc (AMG) $206.94 +2.03 (+0.99%). Berkshire Hathaway (BRKA) –parent company to Clayton Homes, 21st, Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $209,000.00 +1.255.00 (+0.60%). Deer Valley Homes $0.95 0.00 (0.00%). Drew Industries $46.49 +0.31 (+0.67%). Equity LifeStyle Properties $43.57 +0.13 (+0.39%). Killam Properties (KMP.TO) $10.42 +0.07 (+0.68%). Liberty Homes $1.00 0.00 (0.00%). Nobility Homes (NOBH) $10.65 0.00 (0.00%). Patrick Industries (PATK) $41.92 +0.02 (+0.05%). Sun Communities, Inc. (SUI) $51.40 -0.43 (-0.80%). Third Avenue Value Fund (TAVFX) (Sept. 16) $62.16 +0.11 (+0.18%). UMH Properties, Inc. (UMH)$9.74 +0.03 (+0.31%). Universal Forest Products, Inc (UFPI) 45.89 +0.49 (+1.08%).

(Graphic credit: CNNMoney and RealTick)

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