✉news BusinessReal Estate first seen 22 h ago, last 2 h ago, peak #11
Berkshire Under Greg Abel Raises Homebuilder Bets to $6.8 Billion
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 incoming leadership of Greg Abel, has increased its stakes in major US homebuilders including Lennar by 30%, bringing its total position to roughly $6.8 billion. The move stands out because mortgage rates remain near 7.5% and builder confidence has fallen to multi-year lows, prompting debate among investors over whether the bet reflects bold conviction in a housing recovery or a costly misjudgment of a stalled market.
Why now: The counterintuitive timing of buying homebuilders amid high mortgage rates and weak builder sentiment is sparking debate over Abel's investment judgment as he takes over from Warren Buffett.
Berkshire HathawayGreg AbelLennarUS homebuilders
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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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