Waffling in Washington Produces Modest Housing Stock Movement

Although markets have made solid gains in the past few days, investors backed away today as they awaited an agreement from Washington to resolve the fiscal cliff dilemma. CNNMoney reports the Dow Jones Industrial Average fell -0.74 percent, -98.99 points, ending the day at 13,251.97. The Nasdaq moved down -0.33 percent, -10.16 points, to close at 3,044.37, while the S&P lost -0.76 percent, -10.98 points, to close at 1,435.81. The Yahoo! Finance Manufactured Housing Composite dropped -0.72.6 percent to end the trading day at 1217.6. Housing stocks we follow closed mixed with modest gains and losses, or even. Deer Valley gained the most of tracked stocks, +1.82 percent, +0.01, to end the day at 0.56. Third Avenue Value Fund (Dec. 18) fell the most of tracked stocks, dropping -1.72 percent, -0.86, to close at 49.27. Affiliated Managers Group 131.03 -0.91 (-0.69%). Cavco Industries 49.69 -0.39 (-0.80%). Champion, Liberty Homes, and Palm Harbor all remained unchanged. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 135,200 -500. (-0.37%).Drew Industries 32.36 +0.12 (+0.41%). Equity LifeStyle Properties 66.73 +0.05 (+0.07%). Louisiana Pacific Industries 18.62 +0.23 (+1.24%). Nobility Homes remained unchanged at 4.95. Patrick Industries 15.49 -0.13 (-0.68%). Skyline Corp. 4.22 +0.03 (+0.72%). Sun Communities, Inc. 39.29 +0.28 (+0.73%). Universal Forest Products, Inc. 38.84 -0.11 (-0.58%). UMH 10.15 +0.15 (+1.50%).

(Graphic credit: CNNMoney and RealTick)

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