The Federal Reserve is reducing its bond buying activity by $10 billion monthly, as was expected, noting the economy is growing but the severe winter weather stymied growth. The Dow Jones Industrial Average edged up +45.47 points to a record high, +0.27 percent, to finish at 16,580.84. The Nasdaq advanced +11.02 points, +0.27 percent, to end the day at 4,114.56 while the S&P nudged up +5.62 points, +0.30 percent, to 1,883.95, as CNNMoney tells MHProNews. The Yahoo! Finance Manufactured Housing Composite gained +3.34 percent to close at 724.86. Tracked housing stocks closed mixed or even in today’s trading, although Third Avenue Value Fund (April 29) gained +2.08 percent, + 0.88 points, to close at 11.00. Nobility Homes fell the most of tracked stocks, -2.22 percent, -0.25 points, to close at 40.38. Affiliated Managers Group 198.35 +3.24 (+1.64%). Cavco Industries 77.95 +0.28 (+0.36%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 193,275 +730.00 (+0.38%). Deer Valley remained unchanged at 0.65. Drew Industries, Inc. 49.91 +0.48 (+0.78%). Equity LifeStyle Properties 41.87 +0.07 (+0.17%). Liberty Homes remained unchanged at 0.80. Louisiana Pacific Industries 16.39 +0.25 (+1.55%). Patrick Industries 40.07 -0.30 (-0.74%). Skyline Corp. 5.10 +0.05 (+0.99%). Sun Communities, Inc. 45.70 +0.70 (+1.55%). UMH Properties 9.85 -0.01 (-0.10%). Universal Forest Products, Inc. remained unchanged at 50.26. ##

(Graphic credit: CNNMoney and RealTick)