CNNMoney reports stocks closed higher today, but turbulence remained. Stocks dropped initially after the Federal Reserve said economic conditions warrant exceptionally low interest rates until 2013 and risks to the economy have increased. Overall, stocks have declined some 15% in the last two weeks of trading, the worst performance since the housing/mortgage/financial crisis hit in 2008. Meanwhile, The Manufactured Housing Composite index moved up +0.68% today to close at 864.7. Clayton/VMF and related housing, suppliers and finance companies parent Berkshire Hathaway moved up: +8100.00 (8.02%) to close at 109100.00. Cavco Industries rose +0.31 (0.88%) 35.55. Deer Valley and Champion Enterprises remained unchanged. Drew Industries closed at 19.45, up +1.87 (10.64%). Equity Lifestyle Properties closed at 61.18, up +4.91 (8.73%) . Nobility Homes 7.60 +0.06 (0.80%). Patrick Industries: 2.01 up $0.05 (+2.55%). Palm Harbor Homes closed at 0.0135 -0.0005 (-3.57%). Skyline rose to 11.26 at the close + 0.13 1.17%. UMH Properties moved up to 10.51 +0.94 (9.82%). UFPI move higher to close at 26.36 +1.56 (6.29%).
(Grapic credit: RealTick)