Clayton and Next Step Publish Report on the Evolution of Off-Site Built Housing – Yahoo Finance

Affordable housing organization and national home builder partner on white paper to examine solutions for the affordable housing crisis

MARYVILLE, Tenn., Jan. 14, 2020 /PRNewswire/ -- Clayton, a national home builder of site-built and off-site built homes, and Next Step Network, a national, non-profit housing organization, have released a white paper, "Off-Site Built Homes: An Evolving Industry that Meets Today's Affordable Housing Needs."The research paper explores the current challenges surrounding affordable housingon a local and national scale, and how innovations within the home building landscape are altering construction processes and housing design in new ways. Specifically, it focuses on the various ways off-site built homes (including manufactured, modular and CrossMod homes) can provide an attainable, quality housing solution with many of the same features and aesthetics found in traditional housing.

Todays off-site built homes offer beautiful, stylish floor plans at an attainable price range for homeowners of all walks of life.

"The affordable housing crisis has kept homeownership from becoming a reality for many hardworking people across America," said Stacey Epperson, president and founder of Next Step. "Clayton and Next Step are partnering to challenge common misconceptions around manufactured homes and educate the public about the modern off-site built housing industry. Today's off-site built homes offer stylish, new floor plans at an attainable price range with even more opportunity to appraise, zone, finance and appreciate similarly to site-built homes."

"At Clayton we believe 'to whom much is given, much will be required,'" said Kevin Clayton, CEO of Clayton. "The modern off-site built housing industry is poised to innovate the entire housing market through its efficient and sustainable home building practices, while adopting the best design features and building materials from traditional site-built homes. Together, we have an unbelievable opportunity to help more families than ever before achieve the dream of attainable homeownership in America."

As the number of today's homes for sale has not kept pace with household growth according to Harvard's Joint Center for Housing Studies, many markets have become more competitive driving up prices, creating bidding wars and pushing attainable homeownership out of reach for many. Modern off-site built homeshave become both a smart investment for home buyers and a means to drive the housing industry forward, challenge norms and democratize housing for more individuals and families across America.

Read or download the full white paperand access the infographic, "An Honest Look at Manufactured Housing Today." The organizations have previously released a white paper together titled Shedding the Stigma: The Value of Manufactured Homesin 2018.

Key Findings:

About ClaytonFounded in 1956, Clayton is committed to opening doors to a better life and building happyness through homeownership. The company is a diverse home builder committed to quality and durability, offering traditional site-built homes and off-site built housing including modular homes, manufactured homes, CrossMod homes, tiny homes, college dormitories, military barracks and apartments. All Clayton Built homes are proudly designed, engineered and assembled in America. In 2019, Clayton delivered over 51,000 homes to families across America. Clayton is a Berkshire Hathaway company. For more information, visit claytonhomes.com.

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About Next StepNetwork, Inc.Next Step Network, Inc. is a national, nonprofit housing intermediary that works to promote expanded use of factory-built housing as a viable solution to address housing affordability. Our organization mobilizes a national network of mission-driven nonprofits, leaders in the manufactured housing industry and lending institutions serving home buyers and homeowners in their communities. Next Step's system Manufactured Housing Done Right connects responsible financing, comprehensive homebuyer education and delivery of high-quality, ENERGY STAR manufactured homes at scale, creating a model that brings more value to the homeowners andcommunities. Learn more atnextstepus.org.

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Media ContactChristina Honkonen615-260-4595Christina@hlstrategy.com

Clayton logo (PRNewsfoto/Clayton)

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SOURCE Clayton

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Clayton and Next Step Publish Report on the Evolution of Off-Site Built Housing - Yahoo Finance