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The business began by refurbishing and reselling used mobile homes. In 1966, Jim Clayton opened a Clayton Homes store location in Knoxville, Tennessee, on Clinton Highway. Clayton Homes established its own mortgage company in 1974 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 had joined Clayton Homes in the 1980s and held several leadership roles in the company and its subsidiaries before becoming CEO.
Clayton Homes produces about 50,000 homes per year at its facilities, which is about half of the industry's total. The off-site built home is then transported to its final location in sections to be assembled on a foundation. The Bean Station facility also saved 40,000 U.S. gallons of water annually – a 50% reduction – through implementation of water conservation upgrades. 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 retail brands Oakwood Homes, TruValue Homes and Luv Homes. In 2016, Clayton acquired G&I Homes, a family-run company based in New York.
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To improve lives by providing quality, affordable housing options and promoting education and economic self-sufficiency. In 2015, Clayton Homes released the Patriot home model and partnered with the Hope for the Warriors veterans assistance group. Clayton Home Building Group gave a check for $33,600 to the organization in January. Hope For The Warriors works with veterans from all branches of the military as well as post 9/11 active duty, National Guard, and reserve service members. In May 2016, Clayton presented a $100,000 check to the organization.
The i-house brand was introduced in May 2008 as a green, energy efficient home. In 2009, Clayton Homes launched the eHome as a more affordable version of the i-house. On July 10, 2017, Clayton Properties Group announced the purchase of home building operator Harris Doyle Homes, which is based in Birmingham, Alabama. Known for its manufactured housing, Clayton Homes is expanding into the site-built, $250,000-and-under housing market, as reported in July 2017. Since October 2015, Clayton Homes has acquired homebuilders in Atlanta, Nashville, Kansas City, Denver, and Birmingham.
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Its subsidiaries include Clayton Home Building Group, Clayton Properties Group, Vanderbilt Mortgage, 21st Mortgage, and insurance company HomeFirst Agency.
Clayton Homes also partners with Family Promise to donate several homes per year to families who have experienced homelessness. In 2021, Clayton Homes donated $450,000 and 3 off-site built homes to be used to prevent family homelessness. In 2019, Clayton Home Building Group became a founding sponsor of the Warrior's Compass Suite program by Hope for the Warriors to help veterans transition from US military service to civilian employment. Clayton Home Building Group committed to donating $300,000 to support the program. In 2016, Clayton Homes was recognized as number 292 on Forbes' list of America's Best Employers.
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The following month, Clayton Homes hosted its first Birmingham-based home show. The show had 492 attendees and featured 27 homes from 27 facilities. That same month, Clayton Homes announced that it would partner with nonprofit Next Step to build a modular duplex in Waco, Texas on a lot owned by NeighborWorks Waco in order to create affordable housing in the Greater Waco area. Cerberus Capital Management also expressed interest in bidding for the company. The certificate of merger was filed in Delaware, and Clayton Homes stock was removed from the New York Stock Exchange. Clayton Homes sold its land-lease communities business to Denver-based Yes Companies LLC in 2008.
The company introduced a line of tiny homes during fall 2016 with the debut of its "Low Country" prototype in North Carolina. The designer series received media acclaim from USA Today, The Post and Courier, among others. Clayton Homes is located a few blocks from Minute Maid Park on the east side of downtown Houston, at the edge of an area currently experiencing substantial redevelopment. Clayton Homes was named in honor of Susan Vaughn Clayton, who donated the property to the agency in 1952. All other marks contained herein are the property of their respective owners.
As of 2021, Clayton Properties Group, a subsidiary of Clayton Homes, is ranked number eight in size on Builder Magazine’s Top 100 list of home builders in the US with a gross revenue of $2.98 billion. As of 2019, Clayton Homes has 40 home building facilities and more than 350 retail outlets located across the United States. At these facilities, retail locations and distribution centers, the company employs 16,000 people.
In 2015, Clayton Homes worked with Oak Ridge National Laboratory and the 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 acquired River Birch Homes, based in Hackleburg, Alabama, in April 2016.
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