The Dow finished the last day of the week 74 points lower, on news that the U.S. grew at a slower pace than expected in the fourth quarter. The Yahoo Manufactured Housing Composite Index added one percent, and most watched stocks fell in line.
Among those manufactured housing and related stocks logging gains for the day are Cavco, up .36 cents (.78 percent) to $46.71. Drew Industries was up .39 cents (1.51 percent) to $26.17. Equity Lifestyle Properties was up $1.48 (2.15 percent making it the day’s biggest gainer) to $70.38. Nobility Homes ended up .40 cents (7.09 percent) to $6.04. Skyline Corp. was up .07 cents (1.03 percent) to $6.89. Sun Communities ended the day up .04 cents (.10 percent) to $40.49. Third Avenue Value Fund was up .08 cents (.18 percent) to $44.64. Universal Forest Products was up .34 cents (1.06 percent) to $32.29. UMH Properties was up .08 cents (.80 percent) to $10.10. Walker Dunlop ended up .06 cents (.51 percent) to $11.90.
Closing Friday with less share value that Thursday were Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway, down $239.00 (.20 percent) to $119,211. Allied Management Group lost .44 cents (.43 percent) to close at $102.17. Louisiana-Pacific Corporation lost .16 cents (1.74 percent making it the day’s biggest decliner by percentage) to arrive at $9.06.
(Image Credit: Eric Miller)