The index of pending home sales according to the National Association of Realtors (NAR) rose to its highest level since April 2010 when home buyers could still take advantage of the tax credit, propelling the Dow Jones Industrial Average to flirt once again with the 13,000 mark. CNNMoney tells MHProNews.com After dropping following the opening bell to around 12,885, the Dow ended the day at 12,981.51, -1.44 points, -0.01 percent. The Nasdaq was up 2.41 points to close at 2966.16, and the S&P gained 1.85 points to end the day at 1,367.59. The Yahoo! Finance Manufactured Housing Composite gained 2.09 percent to finish at 913.3. Tracked housing stocks closed mixed, but Louisiana Pacific Corp. gained the most, advancing 3.09 percent, +0.24, to finish at 8.14. Nobility Homes fell the most of tracked stocks, losing -2.18 percent, -0.16, to close at 7.19. Affiliated Managers Group 107.38 +0.31 (+0.29%). Cavco Industries 47.03 +1.21 (+2.64%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 120,350.00 +350.00 (+0.29%). Champion, Liberty Homes, Deer Valley and Palm Harbor all remained unchanged. Drew Industries 28.37 -0.24 (-0.84%). Equity Lifestyle Properties 67.41 -0.22 (-0.33%). Patrick 6.45 -0.07 (-1.07%). Skyline Corporation was unmoved at 7.97. Sun Communities 41.43 +0.86 (+2.12%). Third Avenue Value Fund (2-24) 47.40 +0.02 (+0.04%). UMH Properties 10.32 -0.03 (-0.29%). Universal Forest Products 33.10 +0.50 (+1.49%).
(graphic credit: CNNMoney and RealTick)