|Subsidiary of Berkshire Hathaway|
|Headquarters||Maryville, Tennessee, U.S., United States|
|Kevin T. Clayton (President & CEO)|
Clayton's corporate headquarters are in Maryville, Tennessee. Its subsidiaries include Vanderbilt Mortgage, 21st Mortgage, the nation's largest manufactured home lender, and insurance company HomeFirst Agency.
Clayton Homes was founded in 1956 by Jim Clayton. In 1974, Clayton Homes established its own mortgage company, 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.
Clayton Homes sold its land-lease communities business to Denver-based Yes Companies LLC in 2008. The deal involved 65 properties in 11 states. The i-house brand was introduced in May 2008 as a green, energy efficient home. By 2009, Clayton Homes had sold over 1.5 million homes.
In November 2015 Clayton Properties, Clayton Homes' site-building group, purchased Georgia homebuilder Chafin Communities for $50 million. In April 2016, during the Berkshire Hathaway shareholders meeting, an announcement was made about the purchase of Goodall Homes, a builder of new single-family homes, town homes and condominiums in the Nashville area founded in 1990.
In 2015, Clayton worked with Oak Ridge National Library and architectural firm Skidmore, Owings & Merrill to produce a 3D printed house and car which share a single energy unit. Clayton Homes expanded into the traditional home building market with the acquisition of Georgia-based homebuilder Chafin Communities in 2015, and Tennessee-based Goodall Homes in 2016.
Clayton Homes produces homes under the brand names of Buccaneer Homes, Cavalier Homes, Clayton Homes, Crest Homes, Giles Industries, Golden West Homes, Karsten Company, Marlette Homes, Norris Homes, Schult Homes, and Southern Energy Homes. Clayton Homes also owns TruValue Homes, Luv Homes and Oakwood Homes.
Clayton Homes was involved in a lawsuit in 2011 with FEMA after providing trailers as part of Hurricane Katrina relief which were found to contain formaldehyde. Afterwards, prefab shelters provided to Haiti through the Clinton Foundation after the 2010 earthquake were also tested with high levels of formaldehyde.
In 2015, a NGO claimed that Clayton Homes unfairly targets and exploits minority home buyers. The company has denied discriminating its customers or its workers. Warren Buffett, the CEO of Berkshire Hathaway, defended Clayton in an interview saying: "We have 300,000 loans on the books and in the last 3 years I've not received one letter of complaint from anybody."
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- "#292 Clayton Homes". Forbes. Retrieved 3 June 2016.
- Dedrick Muhammad (22 January 2016). "Call for Federal Investigation Into Report of Racially Discriminatory Predatory Lending". Huffington Post. Retrieved 3 June 2016.
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- Clayton's I-House: Prefab Green Homes Get Affordable. Popular Mechanics. January 15, 2009. accessed Jan 5, 2013.
- Ben Lane Clayton Homes buys Georgia homebuilder for $50 million Housing Wire, November 2, 2015, retrieved 9 February 2016
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- Brian Krassenstein (August 2015). "ORNL & Clayton Homes are 3D printing a home & car that share energy with one another". 3D Print. Retrieved June 7, 2016.
- "ORNL unveils integrated 3D printed house and car that produce and share clean energy". 3Ders. September 23, 2015. Retrieved June 7, 2016.
- Phil W. Hudson (November 2, 2015). "Buffett-owned company buys Georgia homebuilder for $50 million". Atlanta Business Chronicle. Retrieved June 7, 2016.
- John McManus (May 2, 2016). "Home Building Investment, Buffett-Style". Builder Online. Retrieved June 7, 2016.
- Getahn Ward (April 29, 2016). "Warren Buffett's company buys Gallatin's Goodall Homes". The Tennessean. Retrieved June 7, 2016.
- Mike Baker and Daniel Wagner, Minorities exploited by Warren Buffett’s mobile-home empire The Seattle Times / BuzzFeed News, December 26, 2015.
- "Our Modular and Manufactured Home Brands". Clayton Homes. Retrieved 3 June 2016.
- Isabel Macdonald and Isabeau Doucet The Shelters That Clinton Built The Nation, July 11, 2011.
- Daniel Wagner, Mike Baker. Warren Buffett's mobile home empire preys on the poor. Billionaire profits at every step, from building to selling to high cost lending The Center for Public Integrity. April 3, 2015
- Jonathan Stempel (February 27, 2016). "Buffett defends Clayton Homes after critics fault its lending". Reuters. Retrieved June 7, 2016.
- "Buffett Defends 3G and Clayton Homes as Berkshire Profit Grows". Fortune. February 27, 2016. Retrieved June 7, 2016.
- Javier E. David (May 2, 2015). "Warren Buffett defends Clayton Homes against claims of predatory lending". CNBC. Retrieved June 7, 2016.
- Anupreeta Das Warren Buffett Defends Clayton Homes WSJ, May 2, 2015. (subscription required)