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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]
High-end manufactured homes are often double-width, providing 1,500 to 1,800 square feet of living space. Open floor plans and standard-sized bedrooms and baths make for more comfortable living.
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.
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 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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