Clayton Homes (or Clayton) is the largest builder of manufactured housing and modular homes in the United States. It is a wholly owned subsidiary of Warren Buffett's Berkshire Hathaway. Clayton Homes' corporate headquarters are in Maryville, Tennessee. Its subsidiaries include Clayton Home Building Group, Clayton Properties Group, Vanderbilt Mortgage, 21st Mortgage, and insurance company HomeFirst Agency. Clayton Homes was founded in 1956 by Jim Clayton. The business began by refurbishing and reselling used mobile homes. In 1966, Jim Clayton opened a Clayton Homes store location in Knoxville, Tennessee, on Clinton Highway. Clayton Homes established its own mortgage company in 1974 and added a manufacturing division in 1975. The company went public in 1983, trading on the New York Stock Exchange. Each year from 1989 through 1992, Clayton Homes was named on the Forbes list of the best small companies in America. Kevin Clayton, Jim Clayton's son, took over the company in 1999. Kevin Clayton had joined Clayton Homes in the 1980s and held several leadership roles in the company and its subsidiaries before becoming CEO. More information...
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