Berkshire Hathaway is buying more of a homebuilder while the business of selling homes is getting harder. A new securities filing shows Berkshire subsidiaries purchased 660,410 additional Lennar shares from September 28 through September 30, spending approximately $53.9 million based on the reported transaction prices. That is a substantial addition to an already substantial position. It is also an uncomfortable contrast with KB Home’s latest results, which show how much pressure builders face when buyers struggle to afford the monthly…
MarketNational
Berkshire Just Bought Another $54 Million of Lennar. Builders Are Still Fighting for Buyers.
Berkshire added about $54 million of Lennar shares as builders face weaker demand, incentives and margin pressure.
