✉news BusinessReal Estate first seen 14 h ago, last 35 min ago, peak #11
Berkshire Under Greg Abel Raises Homebuilder Stakes by 30% 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 CEO Greg Abel, has increased its holdings in US homebuilders including Lennar by roughly 30%, bringing the position to about $6.8 billion. The move comes despite mortgage rates near 7.5% and builder sentiment at multi-year lows. Commentators are split on whether the bet reflects bold conviction in a housing recovery or a risky call that could prove a costly miscalculation if high rates persist.
Why now: A contrarian multibillion-dollar housing bet by Berkshire's new leadership, against grim housing data, is drawing debate among investors.
Greg AbelBerkshire HathawayLennar
Rank over time, top of the chart is #1. 11 snapshots from 14 h ago to 35 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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