CNNMoney reports the Dow Jones Industrial Average surged upwards nearly 500 points, cresting the 12,000 mark, following the Federal Reserve’s announcement that it will work with other central banks to boost the global economy. The Dow closed at 12,045.68, gaining 4.24 percent, up 490.05 points. The Yahoo! Finance Manufactured Housing Composite Value followed suit, gaining 3.48 Percent to close at 761.70. Most all tracked housing stocks gained lost ground. Affiliated Managers Group 94.57 +7.02 (+8.02%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 118,500.00 +5,500.00 (+4.87%). Cavco Industries 40.69 + 1.04 (+2.62%). Champion, Deer Valley, Liberty and Palm Harbor Homes were all unchanged. Drew Industries 21.70 +0.88 (+4.23%). Equity Lifestyle Properties 61.83 +1.79 (+2.98%). Nobility Homes was the only tracked stock to fall, losing -0.01 (-0.16%) to close at 6.12. Patrick Industries spiked 10.40 percent, +0.26, to close at 2.76. Skyline Corporation gained the most of tracked stocks, 11.61 percent, +0.60, to close at 5.77. Sun Communities 35.74 +1.63 (+4.78%). Third Avenue Value Fund (11-29) 40.25 +0.12 (+0.30%). UMH Properties 9.21 +0.31 (+3.48%). Universal Forest Products, Inc. 27.87 +2.26 (+8.82%).
