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Berkshire Doubles Down on Lennar | Real Estate News
Berkshire Hathaway is boldly betting big on real estate, doubling down on Lennar with a 30% stake increase—now worth nearly $1.2 billion and giving them over 6% ownership. This follows their massive $6.8 billion Taylor Morrison deal and earlier moves into D.R. Horton, signaling unwavering confidence in the housing sector despite high mortgage rates and rising costs. With Warren Buffett stepping aside and Greg Abel taking the helm, Berkshire’s faith in Lennar’s “land-light” strategy—relying on third-party land delivery—is a calculated long-term play. Though Lennar’s revenue is slipping and its…
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