European, Asian News Douses Dow; MH Stocks Follow Down

A slowdown in the Chinese manufacturing sector and news French President Sarkozy placed second in the first round of voting behind an opponent who does not favor European Union austerity measures kept investors along the wall as the Dow Jones Industrial Average dropped 102.97 points, -0.78 percent, to close at 12,927.17. CNNMoney tells MHProNews.com the Nasdaq fell an even one percent to end the day at 2,970.45, while the S&P also lost, -0.84 percent, to 1366.94. The Yahoo! Finance Manufactured Housing Composite fell -2.53 percent to close at 1009.20. All the housing stocks we track closed down or even except Third Avenue Value Fund, which gained slightly, +0.58 percent, +0.26, to close at 45.42 (4-20). Cavco Industries fell the most of stocks we track, falling -5.58 percent, -2.56, to close at 43.28. Affiliated Managers Group 110.39 -1.15 (-1.03%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 118,294 -286.00 (-0.24%). Champion, Liberty Homes, Deer Valley and Palm Harbor all remained unchanged. Drew Industries 26.65 -0.82 (-2.96%). Equity Lifestyle Properties 67.01 -0.11 (-0.16%). Louisiana Pacific Corp. 8.04 -0.14 (-1.71%). Nobility Homes remained unchanged at 7.03. Patrick Industries 8.85 -0.26 (-2.85%). Skyline Corp. 5.69 -0.07 (-1.22%). Sun Communities 41.88 -0.61 (-1.44%). UMH Properties 11.51 -0.07 (-0.60%). Universal Forest Product 34.32 -0.68 (-1.91%).

(Graphic credit: CNNMoney and RealTick)

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