L.A. 'Tony' Kovach

Biggest Homebuilder has Smaller Loss 111510

Biggest Homebuilder has Smaller Loss CNBC reports the biggest U.S. homebuilder, D.R. Horton, has a smaller than expected quarterly loss. The company also reported orders fell as demand remained soft following the expiration of the federal government’s homebuyer tax credit. The traditional homebuilder’s loss narrowed to $8.9 million, or 3 …

Biggest Homebuilder has Smaller Loss 111510 Read More

Palm Harbor Seeking Capital Funding 111210

Palm Harbor Seeking Capital Funding According to a filing with the Securities and Exchange Commission, Palm Harbor Homes is experiencing liquidity issues and is currently in discussion with potential lenders and is looking restructure its balance sheet and acquire additional capital funding. Palm Harbor spokesperson Colleen Rogers confirmed the company …

Palm Harbor Seeking Capital Funding 111210 Read More

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Palm Harbor Looking for a “Well-backed Financial Partner”

According to a filing with the Securities and Exchange Commission, Palm Harbor Homes is experiencing liquidity issues and is currently in discussion with potential lenders and is looking restructure its balance sheet and acquire additional capital funding. Palm Harbor spokesperson Colleen Rogers confirmed the company is looking for a “well-backed …

Palm Harbor Looking for a “Well-backed Financial Partner” Read More

Consensus Committee Charter Changes Challenged 111110

Consensus Committee Charter Changes Challenged Those attending the Manufactured Housing Consensus Committee in October found out HUD had altered the committee’s charter earlier this year without input from the committee. Outgoing committee chair and executive director of Manufactured Housing Communities of Arizona, Susan Brenton, told MHMSM.com that HUD made the …

Consensus Committee Charter Changes Challenged 111110 Read More

MHARR Targets New Approach to Combat Problems 111010

MHARR Targets New Approach to Combat Problems In the wake of the November midterm elections and reflecting the prevailing mood of the country toward efforts to correct the nation’s struggling economy, the Board of Directors of the Manufactured Housing Association for Regulatory Reform (MHARR) announced Tuesday it has recalibrated the …

MHARR Targets New Approach to Combat Problems 111010 Read More

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MHCC Members Challenge Changes Charter, Proposal Process

Those attending the Manufactured Housing Consensus Committee (MHCC) in October found out HUD had altered the committee’s charter earlier this year without input from the committee. Outgoing committee chair and executive director of Manufactured Housing Communities of Arizona, Susan Brenton, told MHMSM.com that HUD made the decision under the authority …

MHCC Members Challenge Changes Charter, Proposal Process Read More

Mortgage Delinquency’s Show Slight Uptick 110910

Mortgage Delinquency’s Show Slight Uptick The Federal Reserve Bank of New York released its Quarterly Report on Household Debt and Credit for the third quarter of 2010 Monday, showing Americans are borrowing less and paying off more debt than in the recent past. Also in the report, the proportion of …

Mortgage Delinquency’s Show Slight Uptick 110910 Read More

Pending Home Sales Slip, Realtors Say 110810

Pending Home Sales Slip, Realtors Say Pending home sales retreated after two monthly gains, signaling an uneven recovery entering 2011 with some near-term disruptions from the foreclosure moratorium, according to the National Association of Realtors. The Pending Home Sales Index slipped 1.8 percent to 80.9 based on contracts signed in …

Pending Home Sales Slip, Realtors Say 110810 Read More

Ginnie Mae provides new Guidance on Manufactured Home Loans 110510

Ginnie Mae provides new Guidance on Manufactured Home Loans Housingwire reports that Ginnie Mae issued new guidance on pooling Federal Housing Administration manufactured home loans. Ginnie guarantees investors the timely payment of principal and interest on mortgage-backed securities containing federally insured loans, mainly FHA. Effective with issuances on or after …

Ginnie Mae provides new Guidance on Manufactured Home Loans 110510 Read More

Election Night a Nail Biter for Voters and Candidates 110410

Election Night a Nail Biter for Voters and Candidates Races important to the manufactured housing industry seemed to be tightening Tuesday as Americans went to the polls. Receiving a morning endorsement from the Elkhart Truth and news of ever decreasing margins, Indiana Congressman Joe Donnelly awaited the outcome of his …

Election Night a Nail Biter for Voters and Candidates 110410 Read More

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Despite Wide Turnover, Most Industry Friends Return to Washington

In the biggest gain in the House of Representatives in decades, Republicans were swept into at least 60 seats in elections Tuesday. Some familiar faces to the manufactured housing industry stood despite the sea change. Indiana Democrat Joe Donnelly, Massachusetts Democrat Barney Frank, Florida Republican Bill Posey and Mississippi Democrat …

Despite Wide Turnover, Most Industry Friends Return to Washington Read More

Election night a nail biter for voters and manufactured housing caucus candidates

Election Night a Nail Biter for Voters and Manufactured Housing Caucus Candidates

Races important to the manufactured housing industry seemed to be tightening Tuesday as Americans went to the polls. Receiving a morning endorsement from the Elkhart Truth and news of ever decreasing margins, Indiana Congressman Joe Donnelly awaited the outcome of his race with opponent Jackie Walorski. Election projection.com favored Donnelly …

Election Night a Nail Biter for Voters and Manufactured Housing Caucus Candidates Read More

Housing Price Drop Could Fall Another Eight Percent 110210

Housing Price Drop Could Fall Another Eight Percent CNN reports housing prices could fall another eight percent. Problems facing housing include a weak economy, sluggish hiring, tight mortgage underwriting, falling home prices, slowing sales and the potentially disastrous number of foreclosures that may occur over the coming years. Adding 8 …

Housing Price Drop Could Fall Another Eight Percent 110210 Read More

Surprise! HUD Alters Consensus Committee Charter 110110

Surprise! HUD Alters Consensus Committee Charter Those attending the Manufactured Housing Consensus Committee meeting October 27th and 28th found out HUD had altered the committee’s charter earlier this year without input from the public or the committee. Susan Brenton, outgoing MHCC Chair and Executive Director of Manufactured Housing Communities of …

Surprise! HUD Alters Consensus Committee Charter 110110 Read More

Website Equates Modular with Living Light 102910

Website Equates Modular with Living Light Shopping might be good for the economy, but modern times call for adaptability, and adaptable is something that can be hard to be with too much stuff. An item from John Gerzema at psfk.com makes that connection and ties in modular housing. “It took …

Website Equates Modular with Living Light 102910 Read More

Home Purchases Increase to “High End of Miserable” 102810

Home Purchases Increase to “High End of Miserable” Bloomberg reports that sales of new homes rose in September for a second month. According to a report from the U.S. Commerce Department, purchases increased 6.6 percent to a 307,000 annual rate that exceeded the median forecast of economists surveyed by Bloomberg …

Home Purchases Increase to “High End of Miserable” 102810 Read More

Home Price Increases Slow Down, Decrease in August 102710

Home Price Increases Slow Down, Decrease in August Data through August, 2010 released today by Standard & Poor’s for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show a deceleration in the annual growth rates in 17 of the 20 MSAs and the 10- and 20-City …

Home Price Increases Slow Down, Decrease in August 102710 Read More

NAR Affirms Housing Recovery Begins 102610

NAR Affirms Housing Recovery Begins Existing-home sales rose again in September, affirming that a sales recovery has begun, according to the National Association of Realtors. Existing-home sales jumped 10 percent to a seasonally adjusted annual rate of 4.53 million in September from a downwardly revised 4.12 million in August, but …

NAR Affirms Housing Recovery Begins 102610 Read More

MHMSM Responds to Texas Gubernatorial Candidate Bill White 102510

MHMSM Responds to Texas Gubernatorial Candidate Bill White MHMSM.com reached out to Texas Governor Candidate Bill White, thanking him for agreeing to make a manufactured home his home should he reach the statehouse in Austin. In the letter we also took the opportunity to correct White’s use of the word …

MHMSM Responds to Texas Gubernatorial Candidate Bill White 102510 Read More

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