InvestmentsReal Estate

Clayton Homes buys Georgia homebuilder for $50 million

Chafin Communities becomes part of Berkshire Hathaway empire

Clayton Homes, a manufactured home builder that is part of Warren Buffet’s Berkshire Hathaway (BRK), is buying Chafin Communities, a Georgia-based residential homebuilder, for $50 million.

The details of the transaction are scarce at this point. According to the Atlanta Business Chronicle, which first reported the acquisition earlier Monday, Clayton will receive nearly 1,100 lots as part of the deal.

The Atlanta Business Chronicle also reported that Chafin Communities’ founders, Eric and Daryl Chafin, will continue to lead the company and Chafin’s 25 employees will join Clayton.

According to the Atlanta Business Chronicle, Chafin Communities builds predominantly in northeast Atlanta, in Gwinnett, Forsyth and Hall counties.

Most Popular Articles

NAR bans “pocket listings”

The National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of “pocket listings.”

Nov 12, 2019 By

Latest Articles

Fed: Household debt rises to record $14 trillion

U.S. household debt rose to a record $14 trillion in the third quarter, led by a rise in mortgage loans, the Federal Reserve Bank of New York said on Wednesday.

Nov 13, 2019 By