The Federal Reserve announced it will buy $40 billion of mortgage-backed bonds each month for as long as it deems necessary to stimulate the economy, and the three indexes responded with smiles, each posting somewhat modest gains. CNNMoney reports the Dow Jones Industrial Average advanced +0.40percent, +53.51 points, to end day at 13,593.37. The Nasdaq gained +0.89 percent to 3,183.95, while the S&P gained +0.40 percent to 1,465.77. The Yahoo! Finance Manufactured Housing Composite spiked +4.07 percent to close at 1093.20. All housing stocks we track closed up or even. Patrick Industries advanced the most of tracked stocks, gaining +7.58%, +1.03, to close at 14.62. Affiliated Managers Group 127.59 +2.74 (+2.19%). Cavco Industries 47.80 +0.44 (+0.93%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 133,000 +149.00 (+0.11%). Champion, Liberty Homes, Deer Valley and Palm Harbor all remained unchanged. Drew Industries 29.75 +0.25 (+0.85%). Equity Lifestyle Properties 69.63 +0.76 (+1.12%). Louisiana Pacific Corp. 14.89 +0.29 (+1.99%). Nobility Homes remained unchanged at 5.78 for the second straight day. Patrick Industries, Inc. 14.62 +1.03 (+7.58%). Skyline Corp. 4.45 +0.07 (+1.60%). Sun Communities, Inc. 44.60 +0.19 (+0.43%). Third Avenue Value Fund (9-13) 49.10 +0.72 (+1.49%). United Forest Products, Inc. 42.04 +0.70 (+0.82%). UMH Properties, Inc. 11.79 +0.13 (+1.11%).
