MHCV values went down 0.41% today. In the stocks we track, there were some winners: UFPI +3.10%, NOBH +2.60%, LPX +2.03%, and AMG +1.05%.
USA Today tells MHProNews that stocks closed at new highs Tuesday, February 24, as investors reacted positively to remarks from U.S. Federal Reserve Chair Janet Yellen. Another favorable event occurred when Greece won EU approval for its proposed budget reforms.
The Dow Jones Industrial Average rose 92.35 points (0.5%) to 18,209.19, while the Standard & Poors 500 gained 5.82 points (0.3%) to 2,115.48, both eclipsing Friday’s record closes.
The Nasdaq composite extended its gains to 10 straight sessions – its longest winning streak since July 2009. The Nasdaq finished up 7.15 points (0.14%) to 4,968.12, leaving the tech-heavy market barometer just 1.6% below its 5,048.62 record close of March 2000.
Janet Yellin, in her semi-annual testimony before the Senate Banking Committee, used a word familiar to investors when she reiterated that the central bank will be “patient” on raising interest rates for the first time since the 2008 financial crisis.
Marketwatch tells MHProNews that collapsing oil prices have pushed North American energy companies to slash their budgets for 2015—to the tune of $50 billion.
That is the difference between the 2014 capital budgets of 66 mostly U.S.-based energy companies and what the same companies have set aside for 2015, according to a report by Citi.
Listed below are the closing numbers for today’s stock trading.
Dow Jones 18,209.19 +92.35 (0.51%).
S&P 500 2,115.48 +5.82 (0.28%).
Nasdaq 4,968.12 +7.15 (0.14%).
The Yahoo! Finance Manufactured Housing Composite Value (MHCV): Composite Value: 629.4 Today’s Change: -0.41%
As of approximately 4 PM ET: CNNMoney and Google Finance tell MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) 218.12 +2.27 (1.05%).
Berkshire Hathaway (NYSE:BRK.A)– parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage, 21st Mortgage Corp., and other factory built housing industry suppliers. 223,405.00 +2,405.00 (1.09%).
Carlyle Group (NASDAQ:CG) 26.47 +0.02 (0.08%).
Cavco Industries, Inc. (NASDAQ:CVCO) 73.17 +0.45 (0.62%).
Deer Valley Corporation (OTCMKTS:DVLY) 0.700 +0.150 (27.27% Feb. 18).
Equity LifeStyle Properties, Inc. (NYSE:ELS) 53.60 -1.15 (-2.10%).
Killam Properties Inc. (TSE:KMP) 10.98 -0.06 (-0.54%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) 0.0500 0.0000 (0.00% Feb. 10).
Louisiana-Pacific Corporation (NYSE:LPX) 17.62 +0.35 (2.03%).
Nobility Homes Inc. (OTCMKTS:NOBH) 9.85 +0.25 (2.60% Feb. 24).
Skyline Corporation (NYSEMKT:SKY) 3.57 -0.11 (-2.99%).
Sun Communities Inc. (NYSE:SUI) 67.32 -0.73 (-1.07%).
Third Avenue Value Fund Institutional Class (OTCMKTS:TAVFX)57.84-0.04(-0.07% Feb. 24).
UMH Properties, Inc. (NYSE:UMH) 9.51 -0.04 (-0.42%).
Universal Forest Products, Inc. (NASDAQ:UFPI) 54.48 +1.64 (3.10%).
(Graphic credit: CNNMoney)
