Tag: Clayton Homes

(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Kevin Clayton, CEO of Clayton, stressed the significance of modern manufactured homes in tackling outdated zoning codes and providing long-term savings through energy efficiency.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.

(BRK.A), (BRK.B)

Berkshire Hathaway’s Clayton, a national builder of off-site and site-built homes, is building a new facility for manufactured housing in Stanly County, North Carolina.

The $46.6 million project to be located in New London for Clayton’s subsidiary Clayton Supply, will add a projected 263 jobs.

The state of North Carolina will reimburse Clayton Supply roughly $2.1 million over the next 12 years if the company meets job projection and investment goals. The company will also receive a state grant of $229,300 for infrastructure upgrades.

The new facility is projected to grow the state’s economy by $649 million over the 12-year term of the grant.

© 2023 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.

Berkshire Hathaway’s Clayton Homes’ subsidiary, Oakwood Homes, has listed 96 single-family homes for sale at Green Valley Ranch, one of the fastest-growing communities in metro Denver.

On2 Homes, Oakwood Homes’ newest brand, is offering four distinct floor plans, with two-and-three-bedroom options available to prospective buyers. With a starting listing price in the low $300’s, On2 Homes’ prices start at half the median cost of a single-family home in metro Denver, now more than $600,000.

“Our customers have been stuck,” said Kristen Nelson, president of the On2 Homes division for Oakwood Homes. “They want to get their foot in the door of the Denver housing market, but steep entry prices keep them trapped in the renting cycle. With On2 Homes, we’re launching a product that delivers the quality of a traditional single-family home at a uniquely affordable price point.”

The affordability of On2 homes is driven by an innovative approach that merges off-site and site-built construction and supply processes, resulting in decreased build time and cost for homeowners. This method also demonstrates Oakwood Homes continued success in making homes constructed with off-site-built and site-built practices indistinguishable from one another.

Built in an off-site home building facility, On2 offers cost-effective, energy-efficient and high-quality homes at a fraction of the cost of site-building. At off-site design centers, On2 Homes uses precision-building techniques to maximize cost, speed and energy efficiency without compromising quality. With unique design features like EnergySmart® utility systems and weather proofing, On2’s single-family homes deliver high quality finishes at a price accessible to more Coloradans. Oakwood guarantees every On2 homebuyer full ownership over their property’s land rights – an increasingly rare opportunity in today’s housing market.

In 2021, metro Denver experienced a 19.3% year-over-year increase in the median listing price of a single-family home. With single-family starter homes beginning at more than $600,000, many Denver residents find themselves priced out of the housing market. With On2 Homes, Oakwood hopes to address Denver’s shortage of affordable single-family homes, expanding the possibility of homeownership to all the city’s residents.

As of December, Colorado has the fourth worst housing shortage in the United States. To keep pace with population gains, the state needs to build 54,000 new housing units annually over the next five years. Much of this burden falls on the homebuilding and construction industry. By utilizing efficiencies found in off-site home building and modular construction, the homebuilding industry can help answer the demand for affordable housing.

© 2022 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.

(BRK.A), (BRK.B)

Berkshire Hathaway’s Clayton, a national builder of off-site and site-built homes, has unveiled its first net-zero electricity home.

Unveiled at the 2022 Berkshire Hathaway Shareholders meeting in Omaha, Nebraska, the home showcases energy-efficient features available to Clayton customers today, as well as new technologies Clayton is exploring for future innovation – including solar power.

“Clayton is committed to building sustainable and attainable homes,” said Kevin Clayton, CEO. “Whether it’s building this net-zero home or through our volunteer program, Clayton Impact, our team members aim to leave a lasting, positive impact on our communities and the planet.”

The net-zero electricity home showcased at the Berkshire Hathaway Shareholders Meeting is The Pulse floor plan, paired with several energy efficiency upgrades and a solar roofing system. Features on the home currently available to customers include Energy Star® appliances, LED lights, Lux windows with argon, 22-21-50 insulation package and an ecobee® smart thermostat. Additional upgrades, not currently offered through Clayton, include CertainTeed® Solar shingles and Benjamin Moore® low-VOC paint. This net-zero electricity home costs just under $230,000 before the cost of land and solar panels.* With all of these upgrades combined, the home produces enough electricity to power itself.

“Our design teams are dedicated to creating homes with the features our customers want while upholding our vision for beautiful, modern design,” explained Megan Foster, Interior Design Manager. “Across all aspects of the building process, from materials to innovative design, Clayton Built homes are built efficiently and thoughtfully to serve as an attainable home solution for a growing number of people.”

Just one 64-gallon bin of waste was collected during the off-site building process of the net-zero electricity home, which was displayed during the annual meeting, helping attendees conceptualize the low amount of waste accumulated during the off-site home building process.

“From the building process to homeownership, Clayton aims to incorporate sustainability across our business,” said William Jenkins, Director of Environment and Sustainability. “While we are continuing to improve the energy efficiency of our homes, our sustainability efforts also include improving the energy and fuel efficiency of our operations, increasing our reliance on renewable energy, and setting ongoing reduction targets for waste and water consumption.”

© 2022 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.

(BRK.A), (BRK.B)

Berkshire Hathaway’s Clayton, a Tennessee-based home builder of site-built and off-site built homes, has installed its first 200 kilowatt solar carport system at its Clayton Sulphur Springs home building facility in Texas.

The system was installed by Solar One, and will allow the company to offset 30 to 40 percent of the facility’s on-demand electricity use with renewable energy, while providing shade for its team members’ vehicles.

“Our new solar carport system not only serves as a cost savings tool but also as a pivotal example of Clayton’s commitment to sustainable building and innovation,” said Gavin Mabe, director of engineering and technology at Clayton. “Our team is very proud to further promote our national green building initiative by creating clean renewable energy that our facility will use to build hundreds of homes every year.”

The new solar power system has the potential to help Clayton Sulphur Springs’ team save just over $24,000 per year in energy costs. To enhance the company’s team member experience, the solar panels were installed in the parking lot to provide shade for team member vehicles and ensure a safer ground location for long-term maintenance of the solar carport system.

“We hope this new solar panel system will serve as a test for further renewable energy enhancements across Clayton,” said Don McCann, general manager of Clayton Sulphur Springs. “Our company is dedicated to tapping smarter, sustainable energy sources and innovative technology to create a cleaner building process for our Clayton Built® homes.”

The solar carport installation is part of ongoing efforts to utilize sustainable building and innovation practices at Clayton. The Clayton Sulphur Springs facility, along with all 40 Clayton off-site home building facilities around the nation, have earned ISO (International Organization for Standardization) 14001 registration for their sustainable building practices. This highly regarded registration helps ensure that sustainable building guidelines are implemented to promote green practices that increase recycling, reduce energy use and decrease landfill waste.

© 2020 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 the 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.