CNNMoney reports that factors such as the downgrade of the U.S. credit rating has driven stock markets down by over 4% today. The downward trend is approaching two weeks, as global markets have also been moving lower. The Manufactured Housing Composite index also ended up down a dramatic -8.57 percent, closing at 858.8. Clayton/VMF parent Berkshire Hathaway also dropped 101000.00 -6300.00 (-5.87%). Cavco Industries up earlier today, ended up down 35.24 -2.33 (-6.20%). Deer Valley and Champion Enterprises remained unchanged. Drew dropped 17.58 -1.09 (-5.84%). ELS closed down, 56.27 -4.74 (-7.77%), but has been moving up in after hours trading. Nobility Homes 7.54 -0.61 (-7.48%). Patrick Industries 1.96 $-0.10 (-4.85%). Palm Harbor Homes closed at 0.014 -0.001 (-6.667%). Skyline 11.13 -1.99 (-15.17%). UFPI was down 24.80 -2.13 (-7.91%), but has moved up smartly at press time in after hours trading.
(Graphic Credit: RealTick)