(BRK.A), (BRK.B)
Berkshire Hathaway’s Clayton, a national builder of off-site and site-built homes, recently broke ground on Redbud Estates, a new neighborhood in London, Kentucky. The development will feature 51 properties with Clayton CrossMod homes, known for their energy efficiency and modern design.
CrossMod homes, built to HUD code, blend site-built features such as elevated roof pitches, garages, porches, and permanent foundations. These homes appraise comparably to traditional site-built homes, offering homeowners wealth-building opportunities and eligibility for conventional financing programs.
At the groundbreaking ceremony, Governor Andy Beshear expressed hope for the project, emphasizing the importance of affordable, energy-efficient homes for families. All homes in Redbud Estates will be eBuilt, adhering to the U.S. Department of Energy’s Zero Energy Ready Home™ standards, potentially saving homeowners up to 50% on annual energy costs, approximately $862 annually in Eastern Kentucky.
Mayor Randall Weddle highlighted the development’s role in promoting growth and innovative housing solutions in London and Laurel County. CrossMod homes, constructed efficiently in off-site facilities, address restrictive zoning hurdles and increase the supply of attainable housing.
Kevin Clayton, CEO of Clayton, stressed the significance of modern manufactured homes in tackling outdated zoning codes and providing long-term savings through energy efficiency. Four Clayton-owned home centers, including Clayton Homes of London and Oakwood Homes of London, are collaborating with local contractors on the development of Redbud Estates.
© 2024 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.