Following news the Gross Domestic Product (GDP) grew only 1.8 percent in the first quarter, well below the 2.4 percent analysts were hoping for, stocks rallied as investors bet the Federal Reserve will keep the stimulus intact. CNNMoney reports the Dow Jones Industrial Average gained 149.83 points, +1.02 percent, to end the day at 14,910.14. The Nasdaq advanced +0.85 percent, +28.33 points, to end the session at 3,376.22, while the S&P moved up +0.96 percent, +15.23 points, to finish the day at 1,603.26. The Yahoo! Finance Manufactured Housing Composite gained +1.10 percent to close at 1105.8. Housing stocks we follow closed mixed or even, with Sun Communities, Inc. advancing the most of tracked stocks, +1.43 percent, +0.67, to finish the day at 47.64. Universal Forest Products, Inc. fell the most of stocks we follow, dropping -2.32 percent, -0.95, to close at 40.10. Affiliated Managers Group 157.68 +1.10 (+0.70%). Cavco Industries 49.59 -0.20 (-0.40%). 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 169,360 +1,046.00 (+0.62%). Deer Valley remained unchanged at 0.65. Drew Industries, Inc. 39.34 -0.07 (-0.18%). Equity Lifestyle Properties 77.00 +0.74 (+0.94%). Louisiana Pacific Industries 14.73 -0.19 (-1.28%). Nobility Homes remained unchanged at 7.05. Patrick Industries 20.41 -0.20 (-1.03%). Skyline Corp. 3.84 -0.0085 (-0.22%). Third Avenue Value Fund (June 25) 52.72 +0.55 (+1.05%). UMH Properties, Inc. 10.08 -0.17 (-1.66%).
