Patrick, LPX Advance; Dow, S&P hit New Highs Again

All three major indexes moved up modestly, but sufficient to hit new highs for the Dow Jones Industrial Average and the S&P 500 on news of pharmaceutical and food company acquisitions. The Dow moved up +18.82 points, +0.11 percent, to end closer to 17k at 16,943.10. The Nasdaq gained 14.84 points, +0.34 percent, to finish at 4,312.40, as CNNMoney informs MHProNews. The S&P advanced +1.83 points, +0.09 percent, to close at another record high, 1,951.27. The Yahoo! Finance Manufactured Housing Composite moved up +1.69 percent to close at 765.3. Tracked stocks we cover closed mixed or even, although there were more gains of note than losses. Patrick Industries advanced the most of tracked stocks, +3.92 percent, +1.51 points, to close at 39.99, while Skyline Corp. fell precipitously the most of stocks we follow, -5.39 percent, -0.24 points, to close at 4.21. Affiliated Managers Group 201.00 -0.57 (-0.29%). Cavco Industries Inc. 77.56 +1.48 (+1.95%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 191,917 -978.00 (-0.51%). Deer Valley Corp. remained at 0.66. Drew Industries, Inc. 49.58 +1.01 (+2.09). Equity LifeStyle Properties 43.45 -0.60 (-1.35%). Liberty Homes remained unchanged at 0.80. Louisiana Pacific Corp. 14.61 +0.50 (+3.54%). Nobility Homes 11.25 -0.25 (-2.17%). Sun Communities, Inc. 49.55 -0.46 (-0.87%). Third Avenue Value Fund (June 6) 60.25 +0.25 (+0.42%). UMH Properties, Inc. 9.97 +0.03 (+0.30%). Universal Forest Products, Inc. 51.44 +0.98 (+1.94%). ##

(Graphic credit: CNNMoney and RealTick)

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