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Website. www.claytonhomes.com. Clayton Homes (or Clayton) is the largest builder of manufactured housing and modular homes in the United States. [1][2] It is a wholly owned subsidiary of Warren Buffett's Berkshire Hathaway. [3] Clayton Homes' corporate headquarters are in Maryville, Tennessee. [4]
Jim Clayton (businessman) James L. Clayton Sr. (born March 2, 1934) is an American businessman, investor, and philanthropist. He founded Clayton Homes in 1966 and built it into the United States' largest producer and seller of manufactured housing, a formerly publicly traded company that was sold to Berkshire Hathaway in 2003 for $1.7 billion.
Manufactured housing (commonly known as mobile homes in the United States) is a type of prefabricated housing that is largely assembled in factories and then transported to sites of use. The definition of the term in the United States is regulated by federal law (Code of Federal Regulations, 24 CFR 3280): "Manufactured homes are built as ...
In fact, a recent analysis of real estate prices found that just 15.5% of homes for sale were affordable to the average American household, and the average age of a first-time home-buyer has risen ...
A mobile home (also known as a house trailer, park home, trailer, or trailer home) is a prefabricated structure, built in a factory on a permanently attached chassis before being transported to site (either by being towed or on a trailer). Used as permanent homes, or for holiday or temporary accommodation, they are often left permanently or ...
In 2003, Berkshire Hathaway acquired Clayton Homes, a maker of modular homes, storage trailers, chassis, intermodal piggyback trailers and domestic containers. [129] Clayton's finance business, (loans to manufactured home owners), earned $206 million down from $526 million in 2007. Loan losses remain 3.6% up from 2.9%. [130]
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