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The company was founded in 1978 by Donald R. Horton. [6] Horton took the company public in 1992, and as of 2020 owned about 6% of the company. [7] In 1997, the company acquired Continental Homes for $305 million and the assumption of $278 million in debt. [8]
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."
Mobile homes are designed and constructed to be transportable by road in one or two sections. Mobile homes are no larger than 20 m × 6.8 m (65 ft 7 in × 22 ft 4 in) with an internal maximum height of 3.05 m (10 ft 0 in). Legally, mobile homes can still be defined as "caravans".
The company manages all operations through its real estate segment. The majority of Forestar's real estate projects are single-family residential communities. The Company develops lots for single-family homes on sites typically purchased in the open market and sells residential lots primarily to local, regional and national homebuilders. [ 4 ]
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Clayton Home Building Group committed to donating $300,000 to support the program. [71] Clayton Homes also partners with Family Promise to donate several homes per year to families who have experienced homelessness. [72] In 2021, Clayton Homes donated $450,000 and 3 off-site built homes to be used to prevent family homelessness. [73]
KB Home was founded in Detroit in 1956 by Donald Bruce Kaufman and Eli Broad. [6] Their first venture together was the construction of two model homes in the Northeast Detroit suburbs, where a new generation of first-time home buyers were flocking. [6]
Many of these post 1940 homes were based on models from the 1940 and earlier Sears catalogs but not all were, leading to debate over whether these homes qualify as "Sears Modern Homes". Because these homes were constructed using pre-cut lumber and plans provided by Sears, these homes can be considered to be "Sears Modern Homes".
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