Stocks End First Week on a Low Note

Payrolls beat forecasts, but it wasn’t enough to lift markets Friday. Stocks closed lower to end the week January 6 with the Dow losing 55 points. The Yahoo Finance Manufactured Housing Composite Value was down 29 points or four percent.

Manufactured Housing stocks ending lower Friday include Allied Management Group, down .21 cents (.21 percent) to $98.02 a share. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway closed lower by $1,150 (.99 percent) to arrive at $114,500 a share. Cavco closed down $1.99 (4.87 percent making it the days biggest downward mover) to $38.88. Equity Lifestyle Properties was off one cent (.01 percent) to arrive at $67.03. Skyline Corp. was off .13 cents (2.80 percent) to $4.52. Sun Communities was off .03 cents (.08 percent) to arrive at $37.50. Third Avenue Value Fund was off .07 cents (.17 percent) to close at $40.99. Universal Forest Products declined $1.19 (3.75 percent) to $30.51. Walker Dunlop was down .11 cents (.93 percent) to close at $11.74.

Stocks adding to share value during the trading day include Drew Industries, up .10 cents (.40 percent) to $25.10; Nobility Homes .17 cents (3.17 percent) to $5.54; Patrick Industries, up .01 cent (.22 percent) to $4.46; and UMH Properties, up .03 cents (.32 percent) to $9.44.

Champion, Liberty Homes and Palm Harbor Homes ended the day without changes in shareholder value.

(Image Credit: By RMajouji at en.wikipedia from Wikimedia Commons)