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Berkshire Hathaway bets on U.S. housing market recovery in Q2, acquiring Taylor Morrison for $8.5 billion and boosting stakes in Lennar and D.R. Horton
Led by CEO Greg Abel, Berkshire Hathaway became a net buyer of stocks for the first time in several years during the second quarter. The company acquired homebuilder Taylor Morrison for $8.5 billion, increased its existing investment in Lennar by about 30%, and bought shares of D.R. Horton, signaling a significant bet on the turnaround of the near-stagnant U.S. housing market.
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