Stocks declined Wednesday in response to economic reports and while one of those reports showed gains in home sales, several prominent site builders including Toll Brothers and KB Homes saw share price declines. The Yahoo Finance Manufactured Housing Composite Value lost more than four percent.
Losing ground Wednesday were Affiliated Managers Group, Inc., down 1.79 (1.68 percent) to $104.89. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway declined $938.00 (.79 percent) to $118,437 a share. Cavco Industries, Inc. closed down $2.43 (5.08 percent making it the day’s biggest decliner) to $45.39. Drew Industries was down .46 cents (1.58 percent) to $28.67. Louisiana-Pacific Corporation lost .15 cents (1.89 percent) to arrive at $7.78. Skyline lost .24 cents (3.10 percent) to $7.49. Sun Communities, Inc. was down .07 cents (.17 percent) to $40.50. Third Avenue Value Fund was down .11 cents (.23 percent) to $47.67. Universal Forest Products, Inc. was down $1.09 (3.18 percent) to $33.23. UMH Properties, Inc. was down .17 cents (1.63 percent) to $10.26. Walker & Dunlop, Inc was down .46 cents (3.75 percent) to 11.80.
Gaining ground on hump day were Equity Lifestyle Properties, Inc, up .17 cents (.25 percent) to $67.01 and Patrick Industries, Inc. was up .16 cents (2.55 percent, making it the day’s biggest gainer) to $6.44.
Not gaining or losing share value Wednesday were Chamion Enterprises, Deer valley Corp., Liberty Homes, Inc., Nobility Homes, Inc. and Palm Harbor Homes.
(Image Credit: Eric Miller)