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The two would get into real estate development once again and buy over 3,000 vacant lots from Atlantic. It was part of a plan by Atlantic to get $200 million to sell off half of the 87,000 acres and 9 water processing plants it had, but this idea "never fully materialized," with Atlantic filing for bankruptcy protection in 2001.
Levitt & Sons was a real estate development company founded by Abraham Levitt and later managed by his son William Levitt. The company built the town of Levittown, New York. The company's designs and building practices transformed the home building industry and altered the north eastern landscape of the United States with massive suburban ...
In 2016, Builder Magazine named CalAtlantic its builder of the year. [ 6 ] In 2018, it was the 4th largest homebuilder in the United States by number of homes closed.
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In July 2012, the company acquired the Charlotte and Raleigh operations and assets of Timberstone Homes. [6] In July 2013, the company acquired Cornell Homes, one of the largest private homebuilders in the Philadelphia market. [7] In October 2015, the company merged with Standard Pacific Homes to form CalAtlantic Homes. [8]
Clayton Homes also owns retail brands Oakwood Homes, [57] TruValue Homes [58] and Luv Homes. [59] [60] In 2016, Clayton acquired G&I Homes, [61] a family-run company based in New York. [62] As of 2019, Clayton Homes has 40 home building facilities and more than 350 retail outlets located across the United States.