Dow Slips Down, Housing Stocks Close Mixed

CNNMoney tells MHProNews.com the Dow Jones Industrial Average edged down as investors, though optimistic about the economy in general, populated the sidelines as the Dow waffled down -20.14 points, -0.15 percent, to end the week at 13,233.62. “Some of the economic news today was a bit disappointing, but none of it points to a change in direction,” said Peter Cardillo, market strategist at Rockwell Global Capital. The Nasdaq moved down -0.04 percent to close at 3,055.26, while the S&P gained 1.57 points to remain over the 1400 mark at 1,404.17. The Yahoo! Finance Manufactured Housing Composite lost 1.37 percent to close at 922.3. Tracked housing stocks closed mixed, but Patrick Ind. posted the largest gain, 2.89 percent, +0.27, to finish at 9.60, while Nobility Homes slid the most of tracked stocks, losing -6.37 percent, -0.51, to close at 7.49. Affiliated Managers Group 110.26 -2.46 (-2.19%). Cavco Industries 47.76 -0.43 (-0.89%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 121.700 -725.00 (-0.24%). Champion, Liberty Homes, Deer Valley and Palm Harbor all remained unchanged. Drew Industries 27.99 -0.25 (-0.79%). Equity Lifestyle Properties 68.79 +0.81 (+1.19%). Louisiana Pacific Corp. 9.91 +0.19 (+2.14%). Nobility Homes 7.49 -0.51 (-6.37%). Skyline Corp. 7.98 -0.02 (0.25%). Sun Communities 43.01 –0.13 (-.30%). Third Avenue Value Fund (3-15) 47.17 +0.31 (+0.66%). UMH Properties 9.89 -0.28 (-2.75%). Universal Forest Products 34.71 -0.46 (-0.13).

(Graphic credit: CNNMoney and RealTick)

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