Deer Valley Slides, Skyline Falls, Despite Rise in Building Permits ...

News that building permit requests had risen in the U.S. was not sufficient to counter investors? fears that China might be entering a manufacturing slowdown, sending the Dow Jones Industrial Average down 68.94 points, -0.52 percent, to 13,170.19, according to CNNMoney. Nasdaq lost -0.14 percent to end at 3074.15, and the S&P fell -0.30 percent to finish at 1,405.52. The Yahoo! Finance Manufactured Housing Composite remained steady at 923. Of the tracked housing stocks we cover, only Berkshire Hathaway and Equity Lifestyle Properties (ELS) were in the plus column, but ELS only gained +0.41 percent and Berkshire was up +0.06 percent. Deer Valley slid the most of tracked stocks, losing -14.29 percent, -0.10, to close at 0.60. Affiliated Managers Group 111.59 -1.48 (-1.31%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 122,189 +74.00 (+0.06%). Cavco 45.22 -1.92 (-4.07%). Champion, Liberty Homes, and Palm Harbor all remained unchanged. Drew Industries 27.70 -0.47 (-1.67%). Equity Lifestyle Properties 69.05 +0.28 (+0.41%). Louisiana Pacific Corp. 9.80 -0.32 (-3.16%). Nobility Homes was unchanged at 8.44. Patrick Industries 10.22 -0.02 (-0.20%). Skyline Corp. 7.40 -0.56 (-7.04%). Sun Communities 43.11 -0.11 (-0.25%). Third Avenue Value Fund (3-19) 46.92 -0.18 (-0.38%). UMH Properties 10.13 +0.30 (-0.09%). Universal Forest Products 34.68 -0.27 (-0.77%).

(Graphic credit: CNNMoney and RealTick)

Source: http://www.mhmarketingsalesmanagement.com/blogs/daily-business-news/deer-valley-slides-skyline-falls-despite-rise-in-building-permits/

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