REITs beat the S&P 500 and could return up to 13% in the next year, MarketWatch informed MHProNews. Housing starts rise to second-highest rate since recession. Meanwhile the Fed’s Dudley says September rate hike ‘is possible’ as the CPI remained unchanged in July. Daily results place stocks at a lower close amid hawkish Fed talk.

Daily Business News Market Tracker:

The Dow Jones Industrial Average lost -84.03 points to close at 18,552.02.

The S&P 500 also closed down -0.55% to 2,178.15.

NASDAQ dropped -34.90 points ending at 5,227.11.

** Yahoo’s Manufactured Housing Related Index Components **

Manufactured Housing Composite Value

^YHOH811

1,384.64

-11.05 (-0.79%)

The Yahoo Manufactured Housing Composite Value (MHCV) lost 11.05 points to finish at 1,384.64. The MH-related stocks biggest loser was Skyline Corporation with -4.65% drop closing at $9.85 and the biggest gainer was Northstar Realty Finance Corp. inching upwards to $13.39.

*Note: the chart below includes stocks not included in the MHCV

Berkshire Hathaway is the parent company to Clayton Homes, 21^st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.  Drew, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

(Image credits, MarketWatch.)

MH Industry Market Report by Frank Griffin, to Daily Business News for MHProNews.