Sunday, December 23, 2012

Three Indexes Drop, Housing Stocks Mixed | Daily Business News

Although the three major indexes closed up for the week, they all dropped just under one percent over nagging concerns abut the fiscal cliff the country gets closer to each day. CNNMoney reports the Dow Jones Industrial Average fell -0.91 percent, -120.88 points, ending the week at 13,190.84. The Nasdaq lost -0.96 percent, -29.38 points, to close at 3,021.01, while the S&P dropped -0.94 percent, -13.54 points, to close at 1,430.15. The Yahoo! Finance Manufactured Housing Composite dropped -0.99 percent to end the trading day at 1201.8. Housing stocks we follow closed mixed or even. Deer Valley gained the most of tracked stocks, +7.27 percent, +0.04, to end the day at 0.59. Cavco Industries fell the most of tracked stocks, dropping -2.18 percent, -1.08, to close at 48.38. Affiliated Managers Group 131.38 -0.92 (-0.70). Champion, Liberty Homes, and Palm Harbor all remained unchanged. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 134,800 -1,136.00 (-0.84%). Drew Industries 33.10 -0.22 (-0.66). Equity LifeStyle Properties 67.07 -0.28 (-0.42%). Louisiana Pacific Industries 18.90 +0.23 (+1.23%). Nobility Homes continues unchanged at 4.95. Patrick Industries 15.05 -0.20 (-1.18). Skyline Corp. 4.38 +0.11 (+2.58%). Sun Communities, Inc. 40.00 +0.20 (+0.50%). (+1.17%). Third Avenue Value Fund (Dec. 20) 49.82 + 0.27 (+0.54%). Universal Forest Products, Inc. 38.38 -0.82 (-2.09%). UMH 10.30 -0.02 (-0.19%).

(Graphic credit: CNNMoney and RealTick)

Source: http://www.mhmarketingsalesmanagement.com/blogs/daily-business-news/three-indexes-drop-housing-stocks-mixed/

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