KNOXVILLE, Tenn. - (Business Wire) The President/CEO of America’s largest homebuilder said today that extending and expanding the tax credit for homebuyers has the potential to help businesses across the nation. “Building homes helps build a growing economy,” said Kevin Clayton, President and CEO. “The tax credit will further stimulate demand and encourage many people that may have been uncertain, to take the step and buy a home now. There couldn’t be a better time to buy; rates are low, prices are very competitive and now the tax credit has been extended AND expanded. It’s perfect.”
The tax credit first put in place earlier this year was set to expire at the end of this month. On Thursday, Congress voted to not only extend the $8,000 first time buyer tax credit, but also to expand the offer to include a $6,500 credit for many who already own a home and are now ready for their next home. President Obama then signed the bill into law, meaning the tax credits will be in place on homes purchased through at least April 30, 2010.
“Clayton Homes will do all we can with every program to help people become homeowners,” said Clayton. “It is an opportunity that will not be available again and buyers must demand the most for their money, while looking for the best value.”
Clayton Homes has offered a variety of incentives in addition to the tax credit to help people make the decision to buy. Clayton said the firm is already looking at extending such offers or creating new ones now that the tax credits will remain in place.
“This is perfect for the homebuyer. And we’ll do everything we can to get more people into homes, keep our 12,000 employees working hard and do our part in helping the economy recover,” said Clayton.
Clayton, a Berkshire-Hathaway company, has built more than a million homes since 1934. More information is available at www.claytonhomes.com.
About Clayton Homes: A Berkshire-Hathaway Company, Clayton Homes is a national, vertically integrated housing company. Through its family of brands, Clayton Homes builds, sells, finances, leases, and insures a full spectrum of affordable housing and is the nation's number one retailer of modular and manufactured homes.
Ackermann PR
Mike Cohen, 865-584-0550
mcohen@ackermannpr.com
