Skyline Leads, Housing Data and New Home Sales Push Stocks

The S&P 500 and Nasdaq close near records as housing data reports helped boost stocks. Treasury yields higher as investors wait for Fed Chair Yellen’s announcement on rates. MarketWatch also informs that the rise in new home sales fueled stocks to book modest gains.

Daily Business News Market Tracker

The Dow Jones Industrial Average gained 17.88 points to close at 18,547.30.

The S&P 500 inched up 4.26 to 2,186.90.

NASDAQ closed at 5,260.08.

The Yahoo! Finance Manufactured Housing Composite Value (MHCV) gained +16.30 points to finish at 1,417.56. The MH-related stocks biggest loser was Nobility Homes closing at $15.00, due to a -3.23% drop, and the biggest gainer was Skyline Corp with a 5.48 percent climb to close at $10.59.

*Note: the chart below includes stocks not included in the MHCV

Berkshire Hathaway is the parent company to Clayton Homes, 21^st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.  Drew, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

(Image credits, MarketWatch, Bloomberg.)

MH Industry Market Report by Frank Griffin, to Daily Business News for MHProNews.