Mungo Homes announced the acquisition of McGuinn Homes, a South Carolina-based homebuilder. In the past three years, McGuinn Homes posted a substantial increase in new home sales from 337 in 2023 to over 1,000 in 2025.
McGuinn Homes’ presence in Augusta, Georgia, and Aiken, South Carolina, was a driving factor in this strategic acquisition.
Mungo Homes is a Clayton Home Building Group builder, owned by larger subsidiary Berkshire Hathaway.
Berkshire Hathaway also recently acquired homebuilding giant Taylor Morrison in an $8.5 billion deal. While on a considerably smaller scale, the sale of McGuinn Homes continues the increase of consolidation in the housing industry. Financial terms of the deal were not publicly disclosed.
“We’re excited to join the Mungo family and continue our commitment to the markets we impact,” said Wade McGuinn, founder and managing shareholder of McGuinn Homes. “Together, we’re well positioned to provide more attainable homeownership opportunities through a shared commitment to customer service and operational excellence.”
“The addition of McGuinn Homes to the Mungo family reflects our shared values of attainable homeownership, world-class team member experience, and giving back to the people and communities we serve,” said Keith Holdbrooks, chief executive officer of Clayton Home Building Group. “This acquisition allows both teams to come together and expand access to affordable homes in more markets while serving as a united force for good through volunteerism.”
