Yesterday’s report that existing home sales declined in March was countered by today’s news that new home sales rose in last month, helping to push all three major indexes to gains above one percent on the day. The fake Associated Press report that two explosions rocked the White House, injuring President Obama, briefly sent the Dow down 140 points, but the market quickly recovered when the hoax was revealed. CNNMoney reports the Dow Jones Industrial Average added +1.05 percent, +152.29 points, to end the day at 14,719.46. The Nasdaq moved up +1.11 percent, +35.78 points, to close at 3,269.33, while the S&P gained +1.04 percent, +16.28 points, to end the day at 1,578.78. The Yahoo! Finance Manufactured Housing Composite moved up +3.22 percent to close at 1616.3. Housing stocks we track closed mixed or even. Deer Valley gained the most of stocks we follow, gaining 13.08%, +0.09 points, to end the day at 0.74. Skyline Corp. slid the most of tracked stocks, falling -1.79%, -0.08 points, to finish the day at 4.38. Affiliated Managers Group 149.03 +2.24 (+1.53%). Cavco Industries, Inc. 45.71 +2.01 (+4.60%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 159,980 +2,638.00 (+1.68%). Champion, Liberty Homes and Palm Harbor continued unchanged. Drew Industries 34.93 +0.55 (+1.60%). Equity LifeStyle Properties 79.99 -0.21 (-0.26%). Louisiana Pacific Industries 18.11 +0.02 (+0.12%). Nobility Homes remained unchanged at 5.55. Patrick Industries, Inc. 15.20 +0.86 (+6.00%). Sun Communities, Inc. 48.99 -0.23 (-0.47%). Third Avenue Value Fund (April 22) 52.78 +0.30 (+0.57%). UMH 11.01 +0.19 (+1.76%). Universal Forest Products, Inc. 38.62 +1.04 (+2.77%).
