The Yahoo Manufactured Housing Composite Value (MHCV) rose +9.34 percent to hit 700.6—a more- than-usual advance, and some time since it has been that high. Tracked manufactured housing stocks closed mixed or even. Sun Communities moved up the most of tracked stocks, adding +1.55 percent, while Skyline slipped more than other stocks, -1.22 percent
Talk that junk bonds may be the next financial crisis, that the rise in wages for Walmart and McDonald employees (and others) will hurt the bottom line of corporations, and the that Big Board is overdue for “an adjustment,” moved the Dow Jones Industrial Average and the S&P 500 down in today’s trading, although the NASDAQ gained.
On the Big Board:
The Dow Jones Industrial Average slipped -0.47 percent, -85.34 points, to end the day at 17,949.59.
The NASDAQ moved up +0.39 percent, +19.50 points, to close at 5,014.10.
The S&P 500 also slipped, -0.15 percent, -3.11 points, to end at 2,097.29.
As of 4 PM ET, CNNMoney Finance tells MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) $220.24 +0.24 (+0.11%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st, Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $213,440.00 -660.00 (-0.31%).
Carlyle Group (NASDAQ:CG) $29.44 -0.29 (-0.97%).
Cavco Industries, Inc. (NASDAQ:CVCO) $68.70 +0.27 (+0.39%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.65 0.00 (0.00%).
Drew Industries, Inc. (NYSE:DW) $59.87 +0.18 (+0.30%)
Equity LifeStyle Properties, Inc. (NYSE:ELS) $53.32 +0.57 (+1.08%)
Killam Properties Inc. (TSE:KMP) $10.97 +0.02 (+0.18%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.05 0.00 (0.00%).
Louisiana-Pacific Corporation (NYSE:LPX) $15.58 0.00 (0.00%).
Nobility Homes Inc. (OTCMKTS:NOBH) $11.50 0.00 (0.00%).
Patrick Industries, Inc. (NASDAQ:PATK) $60.39 +0.02 (+0.04%).
Skyline Corporation (NYSE:SKY) $3.48 -0.043 (-1.22%).
Sun Communities Inc. (NYSE:SUI) $64.11 +0.98 (+1.55%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $58.15 +0.18 (+0.31%).
UMH Properties, Inc. (NYSE:UMH) 10.22 -0.04 (-0.39%).
Universal Forest Products, Inc. (NYSE:UFPI) $55.26 +0.05 (+0.09%). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.