Overall, MHCV stocks declined 21.3 points from yesterday to 516.1 (-3.97%), but surprisingly, almost all of the MHCV stocks we track saw an increase in value.  Examples: AMG 4.03%, LPX 3.62%, DW 3.56%, UMH 3.16%, SUI 2.15%.

It seems that financial experts cannot agree on what to say about the direction of the stock market and the economy.  On the one hand, CNN Money tells MHProNews  that on a positive note, the European Central Bank has taken a dramatic step to stimulate the region’s troubled economy, unveiling a massive bond buying program worth at least $1.3 trillion.  President Mario Draghi said the ECB program would cover public and private sector including, for the first time, bonds issued by eurozone governments. Wall Street responded with a hearty cheer of “Bellissimo!” and stocks enjoyed a solid rally on Thursday.

On the other hand, Marketwatch tells MHProNews that if oil drops below $30 a barrel, we should brace for a global recession. The price of oil is about $17 a barrel away from signaling that a global recession is inevitable, according to a survey conducted by the ConvergEx Group with 306 investment professionals.  Meanwhile, we are told that U.S. oil supply is at its highest level in 80 years.

Listed below are the closing numbers for today’s stock trading.

Dow Jones            17,813.98     +259.70          (1.48%).

 S&P 500                 2,063.15      +31.03           (1.53%).

 Nasdaq                   4,750.40      +82.98           (1.78%).

The Yahoo! Finance Manufactured Housing Composite Value (MHCV): Composite Value: 516.1   Today’s Change: -3.97%

As of approximately 4 PM ET: CNNMoney and Google Finance tell MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG)  210.59 +8.16 (4.03%).

Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage, 21^st Mortgage Corp., and other factory built housing industry suppliers. 224,915.00 +4,020.00 (1.82%).

Carlyle Group (NASDAQ:CG)  25.27 +0.27 (1.10%).

Cavco Industries, Inc. (NASDAQ:CVCO) 71.56 +1.15 (1.63%).

Deer Valley Corporation (OTCMKTS:DVLY) 0.600  0.000 (0.00% Dec. 31).

Drew Industries, Inc. (NYSE:DW) 50.58 +1.74 (3.56%).

Equity LifeStyle Properties, Inc. (NYSE:ELS) 56.36  +0.87 (1.57%).

Killam Properties Inc. (TSE:KMP) 11.07 +0.30 (2.79%).

Liberty Homes, Inc. (OTCMKTS:LIBHA) 0.100  0.000 (0.00% Jan. 8).

Louisiana-Pacific Corporation (NYSE:LPX) 16.02 +0.56 (3.62%).

Nobility Homes Inc. (OTCMKTS:NOBH) 9.40 -0.10 (-1.05% Jan. 22).

Patrick Industries, Inc. (NASDAQ:PATK) 41.39  +0.68 (1.67%).

Skyline Corporation (NYSEMKT:SKY) 3.45  -0.05 (-1.43%).

Sun Communities Inc. (NYSE:SUI) 67.11  +1.41 (2.15%).

Third Avenue Value Fund Institutional Class (OTCMKTS:TAVFX)55.30+0.51(0.93% Jan. 21).

UMH Properties, Inc. (NYSE:UMH)  9.78 +0.30 (3.16%).

Universal Forest Products, Inc. (NASDAQ:UFPI) 50.00 +0.39 (0.79%).

(Graphic credit: CNNMoney)

 

Article Submitted by Sandra Lane to – Daily Business News- MHProNews.