Investors responded positively to the Federal Reserve’s decision to begin tapering its $80 billion monthly stimulus to keep interest rates down, sending the Dow skyward 300 points. CNNMoney reports the Dow Jones Industrial Average spiked 292.31 points, +1.84 percent, to close at 16,167.97. The Nasdaq gained 1.15 percent, +46.38 points, to finish at 4070.06, while the S&P moved up 29.65 points, +1.66 percent, to end the day at 1,810.65. The Yahoo! Finance Manufactured Housing Composite moved up +5.31 percent to close at 760.8. Many housing stocks we track in today’s trading gained in three digits, or closed even, but Cavco Industries, Inc. surged the most of tracked stocks, gaining +8.64 percent, +5.41 points, to close at 67.91. Drew Industries, Inc. was one of two stocks we cover that fell, sliding -0.65%, -0.33 points, to end the day at 50.48. Affiliated Managers Group 209.41 +5.71 (+2.80%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 174,250 +3,830.00 (+2.25%). Deer Valley remained unchanged at 0.65. Equity LifeStyle Properties 36.19 +0.01 (+0.03%). Liberty Homes remained unchanged at 0.6840. Louisiana Pacific Corp. 18.06 +0.74 (+4.30%). Nobility Homes 8.50 +0.50 (+6.25%). Patrick Industries 27.67 -0.06 (-0.22%). Skyline Corp. 4.83 +0.03 (+0.63%). Sun Communities 42.34 +1.19 (+2.89%). Third Avenue Value Fund (Dec. 17) 57.45 -0.27 (-0.47%). UMH Properties 9.17 +0.06 (+0.66%). Universal Forest Products, Inc. 50.16 +1.50 (+3.08%).
