Clayton Homes, a subsidiary of Berkshire Hathaway, introduced a novel concept in 2008 intended to appeal to a wider demographic than the typical buyers of manufactured and modular homes. The Clayton i-house incorporates numerous upscale design features and energy efficient construction practices at a starting price of $75,000. Read this article for more details.
The Columbia, Tennessee sales office of Clayton Homes is running an interesting promotion between now and December 31, 2009: Buy a home and receive a free can of Van Camp’s Pork & Beans!
Clayton Homes, a Berkshire Hathaway subsidiary, has been the subject of several articles on this site over the past few months. Clayton Homes maintained a very admirable track record related to mortgage financing throughout the housing bubble and, as a result, the company has experienced fewer mortgage delinquencies and foreclosures. Clayton recently unveiled a payment protection plan intended to protect buyers against a temporary loss of employment for a limited period. Read this article for more details and two videos showing the i-house.
I made the trip to Omaha this weekend for the 2009 Berkshire Hathaway Annual Meeting. This was my first trip to Omaha since 2005 and attendance at the meeting has grown considerably over the past few years. I still remember my first Berkshire Annual Meeting in 2001 at the Omaha Civic Auditorium when attendance was quite a bit lower. If attendance grows much beyond the 35,000 who showed up this year, the meeting will soon outgrow the Qwest Center. Read this post for notes on the morning session.
Clayton Homes has announced a payment protection plan to assist new buyers with up to three months of payments when home owners lose their jobs. The plan will cover a homeowner’s mortgage, insurance, and property tax payments for all homes purchased before June 30, 2009. Is this a sign of strength or a potential red flag?