Archive

Posts Tagged ‘Real Estate’

Factory-Built Housing Pros, Opportunity Zones Roll-Out Approaches, Insider Look

October 26th, 2018 Comments off

FactoryBuiltHousingProsOpportunityZOnesRollOutApproachesInsiderLookDailyBusinessNewsMHProNews

Almost anything you care to mention that comes out of Washington D.C. takes time.

Last February, the Daily Business News spotlighted Senator Tim Scott’s (SC-R) insights on Opportunity Zones.  Opportunity Zones were part of the Tax Cuts and Jobs Act of 2017.

 

Opportunity Zones Law in Place, Poised to Benefit Some 50,000,000 Americans

 

As with many federal laws, regulations must be crafted.  Comments on proposed rules must be received.  Only then that the rules are made, and finally rolled out.  It is at the end of the that process that business people and investors can begin making that law ready to go to work.

 

 

Senator Scott could be a contender for the GOP nomination in the 2024 cycle, so this plan and he will be of interest on several levels.

 

 

In a release to MHProNews, Globe St. pointed to a timely update on this topic.  It came in the form of a Q&A with Real Estate Roundtable President and CEO Jeffrey DeBoer and Roundtable Senior Vice President and Counsel Ryan McCormick.

They have given a detailed analysis of the proposed rules for Enterprise Zones, and their implications for the real estate and housing in their Q&A.

On October 19, Treasury and the IRS released highly anticipated regulatory guidance related to the Opportunity Zone program. GlobeSt.com asked Real Estate Roundtable President and CEO Jeffrey DeBoer and Roundtable Senior Vice President and Counsel Ryan McCormick to explain the proposed rules and their implications for the real estate industry.

What is your main takeaway from the new Treasury regulations on Opportunity Zones?

DeBoer: The Treasury guidance is a clear indication the Administration is fully committed to an Opportunity Zone program that spurs broad-based job creation and creates new economic opportunity for businesses, entrepreneurs, and residents in low-income communities. The regulations help to implement the objectives of the lawmakers who designed the program, such as Senator Tim Scott (R-SC). With the regulatory regime now taking shape, we foresee Opportunity Fund investors actively partnering with local leaders and entrepreneurs on projects that both drive economic activity and respond to the needs of communities.

 

What do the proposed regulations mean for real estate?

DeBoer: For real estate, the proposed regulations are unquestionably positive. They clarify key technical questions and open issues, and they should allow investments in funds and in underlying projects to go forward. While some important questions remain, we continue to believe that the Opportunity Zone program will be a powerful catalyst for transformational real estate investment in these designated low-income areas.

 

See the rest of the interview at this link here.

 

Factory Built Housing Pros, Investors:

Keep in mind that millions of housing units are needed, many of them in or near urban areas. Manufactured housing has a practical advantage of enhanced preemption, so long as that provision of the Manufactured Housing Improvement Act of 2000 (MHIA) is implemented.

While modular or prefabs are what are commonly considered for high-rise building, as MHProNews has reminded readers, there are also opportunities for high-rise construction that could use HUD Code homes. ICYMI, or need a refresher, see that report at the link below.

 

High-Rise Manufactured Home Stackable Towers, Compete with Modular/PreFabs, Density at Lower Cost

 

The Trump Administration has placed numerous efforts in motion, all of which are designed to grow the economy nationally.  But each of these measures, which include incentives and regulatory roll-backs, has local implications. See the linked reports above, and related reports, further below. That’s “News through the lens of manufactured homes, and factory-built housing” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

(Related Reports are further below. Third-party images and content are provided under fair use guidelines.)

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

2) To pro-vide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Re-sources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

Related Reports:

Senator Tim Scott, Rep. Erik Paulsen – Overlooked Part of Tax Reform, Plus New Credit Plan for ALL Housing, Including Manufactured Homes

Affirmatively Furthering Fair Housing, a Novel Yet Proven Solution to the Affordable Housing Crisis That Will Create Opportunities, Based Upon Existing Laws

 

 

 

Doug Ryan: Expand the Lending Opportunities for MH Buyers

February 23rd, 2016 Comments off

manuf home royal homes of raleigh nc creditManufactured housing (MH) is an inexpensive path to the American Dream of homeownership, said Doug Ryan, Director of Affordable Homeownership at the Corporation for Enterprise Development (CFED).  But he claims there is a lack of competition among the few MH lenders that exist—a market dominated by Clayton Homes, which builds, markets – and through related firms – finances MH.  Thus it does not have to rely on a secondary market.  According to Ryan, that vertically integrated operation makes the path to more ownership of quality affordable manufactured homes more difficult.

In an op-ed in American Banker, Time to End the Monopoly over Manufactured Housing, Ryan says the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac should participate more in buying chattel loans. That might happen, due to a proposal from the Federal Housing Finance Agency (FHFA) that the GSEs would get credit for “duty to serve” underserved housing markets, like making loans to MH secured by real estate.

While not including chattel or “personal property” (home only) loans, the proposal advocated by CFED and others includes a move that encourages states to change their titling laws to recognize MH as real estate. If titling reform did go through, they claim, it would open the field up to more lenders, and present more competition for Clayton and their affiliated lenders.  

The move to magically dub “home only” loans as “real estate” is opposed by MH lenders and by third party MH financing experts, such as Marty Lavin, JD, because it is too costly and burdensome for lenders in practice.  Lavin and others assert that would drive out more manufactured home lending, rather than create more of it.

While Freddie Mac has recently made loans to acquire manufactured home communities (MHCs), as MHProNews  has previously reported, an additional part of the proposal would require the largest GSE mortgage companies to finance the purchase of MHs as chattel loans, which Ryan says would begin the development of a secondary mortgage market for MH.

Ryan said Clayton finances homes through lenders owned by parent company Berkshire Hathaway, and has no need for Fannie and Freddie. Ryan claims the industry’s largest national trade association, the Manufactured Housing Institute (MHI), and Clayton both oppose the inclusion of chattel loans in the rule.  This, asserts Ryan, prevents owners of manufactured homes on leased land from building equity.

What Ryan fails to mention is that MHI and the Manufactured Housing Association for Regulatory Reform (MHARR) are both working to get chattel lending included by FHFA’s Duty to Serve (DTS) instructions to the GSEs. CFED’s point man on manufactured housing also fails to mention that his organization has admitted to what is a conflict of interest on issues relating to the CFPB and MH lending.

Ryan also fails to mention that federal regulations have driven out personal property lending that previously existed for manufactured homes, so the very policies CFED advocates for would actually make MH lending even tougher.

Clayton Homes/Berkshire Hathaway have been hammered repeatedly by slanted and misleading by theSeattle Times/BuzzFeed  advocacy journalism “reports” charging discrimination, predatory lending, exploiting and even “threatening” borrowers.  Ryan and his allies – such as Ishbel Dicken’s led National Manufactured Home Owners of America (NMHOA) – have promoted such negative media, in an effort to undermine the progress made on passage of the Preserving Access to Manufactured Housing Act (HR 650/S 682).

MHLivingNews  has outlined many of the issues relating to mistaken points made by Doug Ryan and others in a video and related article, found here. The video quotes CFPB’s Richard Cordray, HUD’s Julian Castro and Senator Bob Corker speaking on MH as an affordable housing solution, highlighting facts on MH lending that Ryan glosses over or blatantly ignores.

MHProNews has two upcoming video reports that will shed additional light on financing and quality affordable living issues that Ryan, Seattle Times, PBS NewsHour and those in league with CFED ignore. Marty Lavin’s in depth discussion on this topic, is linked here.  

Ryan’s Op-Ed, says MHProNews publisher L. A. ‘Tony’ Kovach, “badly misses the mark on the reality of manufactured home lending; whatever his intentions or motivations, Doug Ryan has proven that he doesn’t know what he’s talking about, as he essentially admitted in an interview with Jan Hollingsworth, that MH finance expert Dick Ernst is better informed on these topics,” found in an in-depth report linked here.

2014gao-report-comparing-manufactured-housing-vs-apartments-posted-mhpronews-com-

The full GAO report on Manufactured Housing is linked from the image above or can be downloaded here.

Kovach reminds Daily Business News readers that Ryan has never denied any of the facts in reports MHLivingNews or MHProNews have published, and says if Ryan was correct and confident in his stance on these MH lending issues, he’d take up the offer to debate him and Ishbel Dickens.

Kovach commends Ryan to the extent that on paper, he and CFED are pro-MH as an affordable housing solution, while pointing out that sadly the policies Ryan and his associates advocate for via their media efforts are actually harming manufactured home owners, lenders and businesses. “The GAO’s report on manufactured housing has already documented, as have one of the GSEs’ own reports, that even with somewhat higher interest rates, MH is the lowest cost and the lowest monthly payment of any form of housing,” Kovach stated. “Modern manufactured homes are the solution to the affordable home crisis, and the path to more lending is found by allowing the free market to work and not be impeded by federal regulations and well meaning, but misguided policy advocates.” ##

(Image credit: Royal Homes of Raleigh)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Community West Bancshares to Focus on Manufactured Home Loans

August 24th, 2015 Comments off

community_west_bancshares__their_creditGoleta, California-based Community West Bancshares reported a loss of $2.3 million in Q2 2015 in the wake of a $7.2 million settlement to resolve litigation regarding residential mortgage loans sold to Residential Funding Company, a real estate investment firm.

Otherwise, the company’s net income would have been $1.9 million, up from $1.7 million for the same period in 2014, according to pacbiztimes. Total deposits for Q2 2015 rose six percent to $500.6 million, while net loans climbed 5.7 percent to $511.9 million, as compared to $484.1 a year ago.

According to president and CEO Martin Plourd, Community West terminated its real estate lending division Aug. 14 in order to concentrate on manufactured home and commercial lending. “With the increasing costs of regulatory compliance in residential real estate lending, along with lower anticipated volumes, increased competition and projected increasing interest rates, we decided to focus on our core strengths in commercial lending and manufactured-home mortgages,” he stated. We continue to position the bank for future growth by strengthening our balance sheet, liquidity and capital base and exploring all growth opportunities,” he added.

MHProNews has learned from the company website that its loan portfolio as of March 31, 2015 totaled $481.5 million of which approximately 30 percent were manufactured housing loans. ##

(Image credit: Community West Bancshares)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

A Fresh Approach to Dealing with Foreclosures

August 1st, 2015 Comments off

foreclosure___for_sale__merchant_circle_creditA study conducted by Hannah Thomas, a senior analyst with ABT Associates, correlated foreclosure data, criminal activity and property value loss with the role of mortgage servicers in two Boston neighborhoods, according to housingwire.

Thomas interviewed real estate agents, real estate lawyers and foreclosure auctioneers, and examined foreclosure sales data and determined the sales favored investor buyers who are more able to absorb the risk of a foreclosure sale.

Published in the journal Housing Policy Debate, the study states because of the consolidation in the mortgage service industry, the majority of mortgages are handled by a few large organizations with numerous loans. As a result, they tend to have a one-size-fits-all approach in dealing with delinquencies and foreclosures, leading to properties selling for lower prices. These properties in turn have a higher risk of being vacant, leading to crime and other neighborhood problems.

As MHProNews understands, she suggests the servicers work with the homeowners to find affordable mortgages and then let them to re-purchase their foreclosed homes at current market value. This allows the homeowners to retain their homes which in turn adds stability to the neighborhood and reduces problems all around. ##

(Photo credit: merchantcircle)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Affluent Foreigners Purchased over $100 Billion in U. S. Real Estate

June 23rd, 2015 Comments off

bathroom luxury    master bath     480 sq ft not including the two closets  michael stravato  ny timesAt an average price of $500,000, wealthy foreigners bought a record $104 billion of U. S. residential real estate between April 2014 and March 2015, according to cnbc, accounting for eight percent of existing home sales. The National Association of Realtors (NAR) reports Chinese were the biggest purchasers attributable for $28.6 billion of the total, followed by Canada with $11.2 billion and India with $7.9 billion.

Florida was the favored destination state for overseas real estate buyers as 21 percent of purchasers bought real estate there, followed by California with 16 percent, Texas with eight percent and Arizona with five percent, accounting for half or the overseas buying. Only three percent of the purchases were in New York state, almost all of which were in New York City.

Europeans and Canadians preferred Florida and Arizona, while Asians opted for California and Texas, and Latin Americans favored Florida and Texas, as MHProNews has learned.

Although the number of properties sold to foreign buyers dropped from 232,600 the previous 12 months to 209,000, buyers purchased more expensive properties, which raised the total dollars spent. The mean purchase price was $499,600, 26 percent higher than the previous year, and nearly twice the national mean purchase price of $255,600. Over half the buyers—55 percent—paid cash.

The drop in total number of sales was likely due to the stronger dollar, which makes U. S. real estate more expensive for overseas buyers. However, U. S. property is less expensive than other cities that draw the wealthy: a condo that costs $1.6 million in New York would go for over $4 million in Paris and $2 million in Moscow. ##

(Photo credit: NYTimes/Michael Stravato–480 square foot master bath)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Return on Investment for Manufactured Home Communities Grows

April 22nd, 2015 Comments off

umh_mfg_home__cedit_umhAs incomes stagnate, leading to higher demand for low-cost housing, manufactured home communities (MHC) are becoming a larger draw, and MHC owners are raising rents. In addition, few new MHCs are being built, so the larger companies such as Equity LifeStyle Properties, Sun Communities and UMH Properties, Inc., all three public real estate investment trusts (REITs), are buying out the smaller players, reducing competition, as wsj tells MHPronews.

I’ve been at this for about 10 years and I would say the demand right now for manufactured housing communities is at an all-time high,” said Jonathon McClellan of the national manufactured home communities group at Marcus & Millichap. M&M is a large real estate investment firm that brokers many MHC deals.

For the twelve month period that ended in March, the three REITs earned a return of 44 percent, the top performer in all the REIT categories, according to the National Association of Real Estate Investment Trusts (NAREIT).

As MHProNews understands, the cost of owning a manufactured home is most often less than renting an apartment, depending upon the market. Apartment rents have increased almost 15 percent over the past five years, and now average $1,131 a month, according to real estate research firm REIS Inc. It should be pointed out that rents in MHCs are rising less quickly than apartment rentals.

The National Association of Realtors (NAR) reports the median price for a single-family home in the U. S. was $202,600 in Feb., while average price for an MH was $64,200 in Nov. 2014. An average manufactured home purchased with a mortgage runs about $800 a month, half for the mortgage, the other half for rent in an MHC.

UMH Properties, Inc. Chairman of the Board Eugene W. Landy states his company is doing well because it is renting MH to families who cannot afford to purchase a home due to tight credit. “For many years, what we tried to do was build established communities with good service to the tenants and tenants all own their own homes,” he said. But now, “we’re like an apartment company.” It is also easier and less risky to rent units.

Last year UMH spent $42.6 million acquiring 14 MHCs with 1,600 homesites, and now owns 89 communities with 15,200 homesites. Occupancy for same site UMH homes increased from 81.5 percent in Q4 2013 to 83.2 percent for Q4 2014.

But if business is booming for manufactured home communities, who are so many operators, especially small ones, leaving the business? The answer in part is regulations. When federal regulations make it so hard for an independent operator to keep up with the requirements needed to sell homes and keep their spaces full, then only the larger operators can absorb that regulatory burden. The same trend is pushing smaller community banks out of business, namely, the high cost of regulatory compliance.

##

(Photo credit: UMH Properties, Inc.-manufactured home)

matthew-silver-daily-business-news-mhpronews-com  Article submitted by Matthew J. Silver to Daily Business News-MHProNews.

American Land Lease announces Dividend

November 12th, 2014 Comments off

american-land-lease-ALLCorporateLogonewstandard-posted-daily-business-news-mhpronews-com-American Land Lease, Inc. announced that it’s Company’s Board of Directors declared a quarterly cash dividend on its 7.75% Series A Preferred Shares.

Dividends on the Company’s Series A Preferred Shares are payable on December 1, 2014 to shareholders of record as of the close of business on November 20, 2014 and will be $0.4844 per share, MHProNews has learned.

As regular Daily Business News readers know, American Land Lease, Inc. is a Clearwater, Florida-based real estate investment trust that owns and manages high-quality residential land-lease communities, aka manufactured home communities (or to those using dated terminology, ‘mobile home parks’).

The firm operates approximately 19,325 land-lease home sites in communities located in 11 states that are owned directly or by affiliated entities. The firm entered into an agreement earlier this year to be acquired by Sun Communities, in a $1.32 billion dollar deal, that should be nearing completion.

Additional details can be obtained from their General Counsel, Benjamin S. Allen. ##

 

Teens plan saving for a new home instead of buying video games, a New Study says it’s true!

October 30th, 2014 Comments off

teens-inman-shutterstock=credit-posted-daily-business-news-mhpronews-com-The 13- to 17-year-olds of “Generation Z” believe homeownership is more important than graduating from college, getting married or having children. Inman reports to MHProNews that teens in the survey indicated that they’d give up perks like video games, eating out, social media or music downloads if it meant affording any house they wanted. That’s per results to an online survey of 1,000 teens conducted between July 18 and July 29, commissioned by Better Homes and Gardens Real Estate.

We have a clear view of tomorrow through our millennial consumer research — now it’s time to look at the day after tomorrow,” said Sherry Chris, president and CEO of Better Homes and Gardens Real Estate.

The study suggests good news for home builders, but not so good news for realtors.

97 percent of respondents expect to own a home in their lifetime. Only 41 percent expect they’ll find their future home with the help of a real estate agent, which if true, is a clear departure from the 89% of home shoppers today who say that using an agent yielded helpful information in home buying. 19 percent said they are likely to purchase a home online. No surprise that while some realtors found the study interesting, they’re not buying the results.

Here are survey results from the NAR research study:

In the future, which of the following steps of the home buying process, if any, are you likely to do online?

Response Percent of respondents
View home listings 85%
Take a virtual tour 71%
Video chat with real estate agents 29%
Sign paperwork 19%
Purchase the home 19%
None of these 5%

Source: Wakefield Research 

On-line comments to The Better Homes and Garden Real Estate study was primarily from real estate agents stressing the importance of the service of a Professional Realtor. An Atlanta realtor responded on-line with this reaction.

Oh how I try not to be cynical….but this business makes it so very hard. Surveys of 13-17 year olds? Really? Are we at that point now? I have one of those and one just past that, ask them the same “survey” every day for a week and you’ll get seven different results.”

Does this study suggest opportunities for manufactured housing?

The opportunity to forge a new image with the younger generation can’t be missed,”  said L. A. Tony Kovach, managing member of LifeStyleFactory Homes, LLC, parent company to MHProNews  and MHLivingNews.com. “They are ready to be different. We offer a home that is similar – yet different! – with manufactured and modular homes.” ##

(Photo credit: Shutterstock/Inman)

michael-francis-daily-business-news-mhpronews-com-(Submitted by Michael Francis to Daily Business News – MHProNews.)

 

NAHB and MHARR agree, even $1000 price increase Reduces potential Home Buyers

August 25th, 2014 Comments off

nahb-news-image-creditThe National Association of Home Builders (NAHB) released a study, cited by MHARR, that points to the fact that every $1,000 in price increase on a home decreases the number of potential home buyers by some 200,000 nationally.

The study opens with the statement, “One of the often overlooked impacts of building regulations is their effect on housing affordability. Every time a local or higher level government issues a new construction regulation it raises construction costs by, for example, increasing the price of construction permits or impact fees. Higher costs invariably translate into higher home prices and higher prices in turn disqualify more households from being able to afford new homes.”

The report by Natalia S. Siniavskaia, Ph.D. was released as Special Studies, on August 1, 2014, by the Economics and Housing Policy division of the NAHB. A download of the full report is available, at this link here.The median new home price for the United States is set at $275,000 for 2014. It is based on monthly median new home prices reported by the Census Bureau over 2013 and the first four months of 2014.”

Compare that median cost for conventional home building to the median price of a single section manufactured home (MH) at $42,200 or multi-sectional MH at $78,600, also per U.S. Census Bureau figures, click here for the full report by state and region.

nahb-price-out-study-income-distriubtion2014-daily-business-news-mhpronews-com-

This issue dovetails with concerns expressed by HUD Code manufactured home builders, expressed in this article linked below.

HUD Code Manufactured Home Producers Want Regulatory Fairness and Stronger Congressional Oversight

The above was also mentioned by the Manufactured Housing Association of Regulator Reform (MHARR) in their commentary on this topic.

Forward thinking manufactured housing professionals understand that while HUD Code MH can uniquely serve the lowest rungs of the housing ladder, future opportunities for growth depends upon the ability of industry professionals to individually and/or collectively to attract more cash and credit worthy customers currently served by apartments, rental housing, real estate agents or conventional housing builders. ##

(Image credits: NAHBeNews, NAHB Price Out Study)

George Allen Fact Check: 6 Errors/Contradictions in one section alone (290/1)?

April 1st, 2014 Comments off

Caesar-Palace-main-fountain-at-night-in-Las Vegas-NV-WikiCommons-posted-on-mhpronews-comThe Washington Post famously hands out “Pinocchios” for false or misleading statements made by public officials they fact check, including notables such as U.S. President Barack Obama, Russian President Vladimir Putin and other foreign or domestic public figures.

Since the MHIndustry’s George F. Allen boldly proclaims himself weekly to be a “reporter” and “communications resource,” let’s see in just one of the three parts (not counting his standard introduction, or “end notes”) in his recent post how many errors or contradictions this alleged “reporter” makes.

1) The first error/contradiction is found in the very first sentence in George F. Allen’s blog post (#290, section I); which is a typo of one of his own publication’s name.

2) When George Allen wrote;

“…NEVER EVER ENGAGE IN PUBLIC BACKSTABBING of MHBusiness associates online or anywhere else!”

…does Allen realize he violated that principle in that very paragraph, in his own blasting of the Manufactured Housing Institute’s (MHI’s) popular Congress and Expo? Is it ‘Do as I say, not as I do?’ for Allen in Indy? Does Allen hold himself and his friends to this standard, or not?

3) The early bird special for Congress and Expo runs through Friday, April 4, so Allen has 2 fact errors in his second bullet point, and once more violates his own stated principle of “…NEVER EVER ENGAGE IN PUBLIC BACKSTABBING of MHBusiness associates online or anywhere else!” As a side note, when has MHI ever attacked Allen’s so-called Roundtable or other “meetings” publicly?

4) Allen’s paragraph five states registrations for MHI’s Congress and Expo in 2014 “…are up 30 percent over last year!” An MHProNews source at MHI puts that at up 39% increase over last year, as of 3PM ET, 3/31/2014. Doesn’t that fact-error contradict his bullet point 3, which boldly claims his location has become “the hub…” “…of 1) research, 2) resources, 3) communication, 4) networking, 5) deal-making, 6) PM training & certification, and when need be, 7) national advocacy…” What Allen himself has said in a prior blog post, that he agitatesagainst MHI seems accurate. If MHProNews grades errors and contradictions on the curve, that would be a sixth fact/contradiction error. But if you look at the fact that accurate research, business building resources, more (…and more accurate…) communications, some 5 times more networking at the Congress and Expo event alone, true testing and certification through MHEI’s ACM (Accredited Community Manager), those first 6 claims are all errors/contradicted, because he is clearly not “…the hub…” based solely on Allen’s own missive. As to Allen point 7), when has Allen last engaged in “national advocacy” on an issue with Congress, the CFPB, HUD or other Washington based regulatory agency? Should that self-proclaimed “reporter” get a total 6 or 13 fact errors/contradictions for that one section of his blog? Does the Scripture-quoting Allen recall Exodus 20:16?

With so many obvious errors in just section “I” of a single Allen post – a pattern of errors which allegedly occurs routinely with this self-described “reporter” and “community-investor” – is it any wonder that the New York Times has not called George Allen to have a reporter spend a week in his “land lease life style community?”

For those wishing to learn the facts about the MHI/NCC 2014 Congress & Expo to be held on April 29 – May 1, 2014 at Caesars Palace in Las Vegas – or to save $200 on early bird special for the hottest ticket in the manufactured housing industry ‘business building, educational, networking and deal making’ with an estimated 1000 +/- attendees from companies of all sizes – please click here by Friday April 4 for the discounted rates.

MHI organizers say similar events in the home building or real estate industry often cost more, and tell us they have arranged for discounted room rates ‘while they last,’ but MHProNews – which will have a paying attendee of the event – encourages readers to check out the facts for yourself. ##

(Image credit of Caesar’s Palace main fountain at night in Las Vegas, NV: WikiCommons. Editor’s note: by way of disclosure, MHProNews’ parent company was hired by MHI to help promote this event, but we were not asked to comment or fact-check this George Allen article.)