Dow/MH Stocks Rise Wednesday

The Dow rose along with many manufactured housing stocks Wednesday as the Federal Reserve signaled low rates through at least late 2014. Futures began in the red but fortunes changed with the Fed announcement. The Yahoo Finance Manufacture Housing Composite ended hump day up more than five percent.

Those stocks moving into positive territory include Allied Management Group which moved up .24 cents (.24 percent) to $101.69. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway moved up $2,328.00 (1.98 percent) to $119,902. Cavco added $2.27 (5.11 percent) to arrive at $46.66. Drew Industries ended up .03 cents (.12 percent) to $25.01. Nobility Homes added .53 cents (9.91 percent) to $5.88. Skyline Corporation was up .49 cents (7.75 percent) to $6.81. Sun Communities added .88 cents (2.27 percent) to $39.70. Third Avenue Value Fund added a penny (.02 percent) to arrive at $44.23. Universal Forest Products added .48 cents ($1.50) to $32.41. UMH Properties was up .21 cents (2.14 percent) to $12.06. Walker Dunlop was up .13 cents (1.09 percent) to $12.06.

Those losing share value Wednesday include Equity Lifestyle Properties, down .50 cents (.73 percent) to $68.12. Louisiana-Pacific Corporation lost .08 cents (.90 percent) to $9.31. Patrick Industries lost .44 cents (6.52 percent) to $6.31.

Not losing or gaining share value Wednesday were Deer Valley, Liberty Homes and Palm Harbor Homes.

(Photo Credit: Eric Miller)