For those who don’t recall Sam Zell’s comments on the high cost of cheap money and current economic policies, part of his expected day of reckoning may be here. Stock commentators say this correction is a good thing, as CNNMoney tells MHProNews that the last one like this was in 2011. However, the slide in oil prices have some concerned over talk about the use of the “gr” term, global recession. Dow 16,544.10, -115.15 (-0.69%). Nasdaq 4,276.24, -102.10 (-2.33%). S&P 500 1,906.13, -22.08 (-1.15%).
The Yahoo! Finance Manufactured Housing Composite Value fell as well, closing at 514.2, Today’s Change: -2.16%.
At approximately 4:10 PM ET:
Affiliated Managers Group (AMG-NYSE) 190.38 -2.87 (-1.49%).
Berkshire Hathaway (BRK.A-NYSE) – parent company to Clayton Homes, 21st, Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers $205,150.00 -700.00 (-0.34).
Cavco Industries, Inc. (CVCO-Nasdaq) 63.75 -1.16 (-1.79%).
Deer Valley Corporation (DVLY-OTC) 0.65, 0.00 (0.00%).
Drew Industries Inc. (DW-NYSE) 42.30 +0.29 (+0.69%).
Equity LifeStyle Properties, Inc. (ELS-NYSE) 43.53 -0.34 (-0.78%).
Killam Properties (KMP-CN) 10.43 -0.0300 0.29%.
Liberty Homes, Inc. (LIBHA-OTC) 0.2000 -0.2500 (-55.56%).
Louisiana-Pacific Corp. (LPX-NYSE) 13.03 +0.04 (+0.31%).
Nobility Homes Inc. (NOBH-OTC) 10.40 -0.1500 (-1.42%).
Patrick Industries Inc. (PATK-Nasdaq) 39.99 -0.22 (-0.55%).
Skyline Corp. (SKY-NYSE) 3.72 +0.06 (1.64%).
Third Avenue Value Instl (TAVFX) 57.78 -1.37 (-2.32% Oct 9).
UMH Properties Inc. (UMH-NYSE) 9.59 -0.02 (-0.21%).
Universal Forest Products Inc. (UFPI-Nasdaq) 41.24 +0.17 (+0.41%).
(Graphics Credits: CNN Money)