✉news BusinessReal Estate first seen 12 h ago, last 17 min ago, peak #6

Berkshire Hathaway adds to nearly doubled stake in slumping homebuilder

Original: Berkshire adds to nearly doubled stake in slumping homebuilder

Warren Buffett's Berkshire Hathaway has increased its position in a homebuilder whose stock has been falling, after its stake had already nearly doubled. The move stands out because it comes while the housing sector struggles with high mortgage rates and weakening demand, and investors are reading it as a signal that Buffett sees long-term value in the beaten-down shares.

Why now: Berkshire's buying into a declining homebuilder contrasts with the sector's slump and fuels speculation about Buffett's housing outlook.

Berkshire HathawayWarren Buffett

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Evidence

• Berkshire adds to nearly doubled stake in slumping homebuilder · cnbc.com
• Berkshire adds to nearly doubled stake in slumping homebuilder · CNBC

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