Berkshire Nearly Doubles Lennar Stake as Housing Slump Tests Conviction
Berkshire Hathaway has sharply increased its exposure to Lennar, nearly doubling its stake in the U.S. homebuilder since early July, in a move that signals confidence in a long-term housing recovery even as the sector remains under pressure. The purchase underscores Warren Buffett’s willingness to lean into cyclical weakness when valuations and fundamentals appear to diverge.
