✉news BusinessReal Estate first seen 11 h ago, last 28 min ago, peak #11
Berkshire Under Greg Abel Bets $6.8 Billion on Homebuilders
Original: Greg Abel Committed $6.8 Billion to Homebuilders Like Lennar, Increasing Berkshire's Stake by 30%, Even as Mortgage Rates Sit Near 7.5% and Builder Sentiment Hits Multi-Year Lows. Is This Bold Conviction or a Costly Miscalculation?
Berkshire Hathaway, under Greg Abel, has committed roughly $6.8 billion to US homebuilders including Lennar, lifting its stake in the sector by about 30%. The move stands out because mortgage rates remain near 7.5% and builder sentiment has fallen to multi-year lows, leaving investors split on whether it reflects bold conviction in a housing recovery or a costly misjudgment.
Why now: Abel is making a contrarian, counter-cyclical bet on housing at a time of near-7.5% mortgage rates and weak builder sentiment, so markets are debating the wisdom of the call.
Greg AbelBerkshire HathawayLennar
Rank over time, top of the chart is #1. 9 snapshots from 11 h ago to 28 min ago.
Evidence
- Greg Abel Committed $6.8 Billion to Homebuilders Like Lennar, Increasing Berkshire's Stake by 30%, Even as Mortgage Rates Sit Near 7.5% and Builder Sentiment Hits Multi-Year Lows. Is This Bold Conviction or a Costly Miscalculation? · The Motley Fool
- Greg Abel Committed $6.8 Billion to Homebuilders Like Lennar, Increasing Berkshire's Stake by 30%, Even as Mortgage Rates Sit Near 7.5% and Builder Sentiment Hits Multi-Year Lows. Is This Bold Conviction or a Costly Miscalculation? · The Globe and Mail
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