✉news BusinessReal Estate first seen 1 d ago, last 11 h ago, peak #6

Berkshire Hathaway boosts stake in slumping homebuilder

Original: Berkshire adds to nearly doubled stake in slumping homebuilder

Berkshire Hathaway has added to its position in a homebuilder whose shares have fallen sharply, nearly doubling its stake in the company. The purchase by Warren Buffett's conglomerate is drawing attention as a possible vote of confidence in the housing sector even as homebuilders struggle with weak demand and pressured margins. Investors are watching whether other big funds follow Berkshire into the beaten-down stock.

Why now: Berkshire's buying into a falling stock suggests conviction that homebuilder shares are undervalued, which moves markets.

Berkshire HathawayWarren Buffett

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Evidence

• Berkshire adds to nearly doubled stake in slumping homebuilder · cnbc.com
• Berkshire adds to nearly doubled stake in slumping homebuilder · CNBC

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