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The MHINCC distinguishes among several types of factory-built housing: manufactured homes, modular homes, panelized homes, pre-cut homes, and mobile homes. From the same source, mobile home "is the term used for manufactured homes produced prior to June 15, 1976, when the HUD Code went into effect."
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 ]
Champion Homes was founded in 1953 as a single manufacturing facility in the small town of Dryden in rural Michigan by Walter W. Clark and Henry E. George. [4]In 2005, Champion was the first manufacturer to build privatized modular housing for the military.
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In 2021, the company bought 37,000 homes. [20] In the beginning of 2022 the company began buying houses in the Bay Area. [21] On August 1, 2022, the Federal Trade Commission reported that Opendoor has agreed to pay a settlement of $62 million over charges of misleading potential home sellers in its marketing campaigns. [22] [23]
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