A few weeks ago, we reported that Berkshire Hathaway doubled down on its housing market investment. This week, the company further sustained its ownership in Lennar, bringing its total ownership of the homebuilder to 10%.
According to SEC filings, the major conglomerate bought a mix of Class A and Class B shares from Sept. 17- 21.
This happened after Warren Buffett, who grew the company, stepped down as Chairman of the Board but will remain as Chairman Emeritus.
Berkshire Hathaway’s presence in the market continues through its ownership of Taylor Morrison and Clayton Homes, the modern manufactured homebuilder, which it acquired in 2003.
Despite the building industry facing major headwinds in affordability, this move aligns with the company’s history of placing trust in undervalued sectors and companies.
