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Builder enters Charlotte market with multiple projects

Pictured are townhomes built by Mungo Homes in Columbia, South Carolina.
Mungo Homes Pictured are townhomes built by Mungo Homes in Columbia, South Carolina. (Palmetto Focus Photography)
(Palmetto Focus Photography)

CHARLOTTE — A South Carolina homebuilder tied to Warren Buffett’s Berkshire Hathaway is making its foray into the Charlotte market with several projects in the works.

Columbia-based Mungo Homes had its eye on Charlotte for several years before making a move, the builder’s corporate vice president of marketing Kim O’Quinn told CBJ. Once Mungo was acquired in late 2018 by Clayton Properties Group — a division of Clayton Home Building Group, owned by conglomerate Berkshire Hathaway — it began taking a closer look.

“It really became apparent that Charlotte was kind of the missing cog in our wheel, and so we really started looking hard,” she said.

Mungo already had a presence in the Triangle and multiple other markets across the Carolinas. After its acquisition by Clayton, Mungo expanded into Winston-Salem and Richmond, Virginia, by acquiring established builders in those markets.

It took a different route with Charlotte.

Read the full story on CBJ’s website here.

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