BRK-B · News · 20261006N

Lennar Stake Acquisition

BERKSHIRE HATHAWAY INC · 2026-10-06 · Importance 34 · Surprise 42

Berkshire Hathaway purchased an additional $193 million of Lennar shares despite the stock trading below Berkshire’s acquisition cost. Greg Abel said he does not envision a quick recovery in the housing market, indicating continued exposure to elevated mortgage rates and weak housing demand. The investment increases Berkshire’s exposure to the U.S. housing cycle while management maintains a cautious near-term outlook.

Key facts

• Berkshire Bought $193 Million More Lennar. source
• Berkshire keeps buying Lennar shares even as the stock sinks below what it paid. source
• Greg Abel said he does not "envision a quick recovery" in housing. source