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Clayton Homes was founded in 1956 by Jim Clayton. [9] [10] The business began by refurbishing and reselling used mobile homes.[11] [12] In 1966, Jim Clayton opened a Clayton Homes store location in Knoxville, Tennessee, on Clinton Highway. [13]
Clayton was born in Bugsworth, now Buxworth, in the United Kingdom, and emigrated to the United States in 1837. After years in other states he settled down with his wife Margaret (1820–1908) at his town at the foot of Mount Diablo, where he and his family prospered. Clayton was named after Joel Henry Clayton, although only by the flip of a coin.
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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]
There may not be a lot of homes for sale these days, but there is a lot of housing space sitting empty. Reuters 2 months ago US single-family housing starts surge; permits up slightly
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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."
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