Federal Reserve Chief Janet Yellen, noting the economic recovery is not complete, says the Fed intends to keep interest rates low, but also warned investors biotech and social media stocks may be overvalued, unusual for the Fed to hone in on equity in a particular industry. Stocks fell sharply after the news, managing to gain a little lost ground before the bell. The Dow Jones Industrial Average squeaked out a gain of 5.26 points, +0.03 percent, to close at 17,060.68, as CNNMoney tells MHProNews. The Nasdaq dropped -24.03 points, -0.54 percent to end at 4,416.39, while the S&P nudged down -3.82 points, -0.19 percent to 1,973.28. The Yahoo! Finance Manufactured Housing Composite edged down -2.66 percent to close at 851.1. Most stocks we cover were not terribly active, however Nobility Homes shot up +3.72 percent, +0.40, to 11.15, while Cavco Industries, inc. slipped the most of tracked stocks, -1.19 points, -1.46 percent to close at 80.58. Affiliated Managers Group 205.06 +0.29 (+0.14%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 192,776 -604.00 (-0.31%). Deer Valley Corp. remained at 0.66. Drew Industries, Inc. 47.77 -0.44 (-0.91%). Equity LifeStyle Properties 44.55 -0.16 (-0.36%). Liberty Homes remained unchanged at 1.50. Louisiana Pacific Industries 14.03 -0.11 (-0.78%). Patrick Industries 45.46 -0.69 (-1.50%). Skyline Corp. 4.31 -0.31 (-0.23%). Sun Communities, Inc. 50.88 +0.22 (+0.43%). Third Avenue Value Fund (July 14) 61.47 +0.17 (+0.28%). UMH Properties, Inc. 9.90 -0.10 (-1.00%). Universal Forest Products, Inc. 46.10 -0.30 (-0.65%). ##
