Investors grew worried in May when Chairman of the Federal Reserve Ben Bernanke mentioned ending the $85 monthly billion bond buying program to boost the economy. He has stepped back a bit, saying not until the economy shows sustained improvement, which helped spur the Dow and S&P to new record highs in today’s trading. CNNMoney reports the Dow Jones Industrial Average gained 169.26 points, +1.11 percent, to close at 15,460.92. The Nasdaq rose +1.63 percent, +57.54 points, to end the day at 3,578.30, while the S&P gained +1.36 percent, +22.40 points, to close at 1,675.02. The Yahoo! Finance Manufactured Housing Composite fell -0.41 percent to end the session at 1156.7. All housing stocks we follow closed up or even, with Patrick Industries posting the biggest gain of tracked stocks, +6.54 percent, +1.45 points, to finish the day at 23.55. Affiliated Managers Group 170.95 +5.21 (+3.14%). Cavco Industries 52.81 +1.36 (+2.64%). Champion, Liberty Homes and Palm Harbor continued unchanged. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 175,644 +3,039 (+1.76%). Deer Valley remained unchanged at 0.64. Drew Industries, Inc. 41.30 +0.38 (+0.93%). Equity LifeStyle Properties 83.36 +1.56 (+1.91%). Louisiana Pacific Industries 16.94 +0.74 (+4.65%). Nobility Homes remained unchanged at 7.50. Skyline Corp. 3.96 -0.03 (-0.75%). Sun Communities, Inc. 52.10 +0.01 (+0.02%). Third Avenue Value Fund (July 10) 54.78 +0.20 (+0.37%). UMH Properties, Inc. 10.82 +0.02 (+0.18%). Universal Forest Products, Inc. 38.85 +0.37 (0.96%).
