15 Aug 2023

Warren Buffett's Berkshire Hathaway invested a total of $814 million in 3 home builder companies during the 2nd quarter. Those investments include D.R. Horton $DHI, Lennar $LEN, and $NVR

Warren Buffett’s Berkshire Hathaway on Monday unveiled an $814mn investment in three US housebuilders, a bet on a sector that has benefited from dearth of supply. Berkshire disclosed it had purchased 6mn shares of DR Horton, worth about $726mn at the end of the second quarter, as well as 152,572 shares in Lennar and 11,112 shares of NVR. Shares of housebuilders and companies who service the industry have rallied this year after a difficult 2022 during which higher interest rates crimped demand. However, while higher mortgage rates have cooled the pace of existing homes sales, new homes sales have remained surprisingly robust owing to the limited supply.


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