CNNMoney tells MHProNews.com the Dow Jones Industrial Average edged down on reports that China lowered its anticipated market growth. Last year it grew 9.5 percent, but is not expected to exceed 7.5 percent this year. The Dow lost -0.11 percent to end the day at 12,962.81. The Nasdaq moved down -0.86 percent to close at 2,950.48, while the S&P fell -0.39 percent to finish at 1,364.33. The Yahoo! Finance Manufactured Housing Composite gained +3.34 percent to finish at 864.8. Tracked housing stocks closed mixed, but Cavco Industries posted the largest gain, 5.21 percent, +2.22, to finish at 44.82, while Skyline Corp. slid the most of tracked stocks, losing -2.23 percent, -0.16, to close at 7.01. Affiliated Managers Group 107.03 -0.42 (-0.45%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 118,195 +1,461.00 (+1.24%). Champion, Liberty Homes, Deer Valley and Palm Harbor all remained unchanged. Drew Industries 26.63 +0.21 (+0.79%). Equity Lifestyle Properties 68.49 +1.74 (+2.61%). Louisiana Pacific Corp. 8.14 +0.14 (+1.74%). Nobility Homes was unchanged at 7.72. Patrick Industries 6.50 +0.0793 (+1.24%). Sun Communities 42.06 +0.66 (+1.63%). Third Avenue Value Fund (3-2) 47.22 -0.06 (-0.13%). UMH Properties 10.16 +0.30 (+3.04%). Universal Forest Products 30.47 -0.03 (-0.10).
(Graphic credit: CNNMoney and RealTick)
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