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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]
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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."
From its Knaresborough, Yorkshire factory (opened in 2018, closed in 2023), Ilke Homes delivered two- and three-bedroom 'modular' homes that could be erected in 36 hours. [ 21 ]
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.
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. [1]
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In 2015 Legal & General launched a modular homes operation, L&G Modular Homes, opening a 550,000 sq ft factory in Sherburn-in-Elmet, near Selby in Yorkshire. [14] The company incurred large losses as it invested in its factory before earning any revenues; by 2019, it had lost over £100m. [15]
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