BRK-B · News · 20261007N

Housing Market Demand Outlook

BERKSHIRE HATHAWAY INC · 2026-10-07 · Importance 25 · Surprise 24

Lennar operates in a U.S. housing market supported by persistent housing shortages and a high-volume, asset-light strategy. Near-term demand and profitability remain constrained by elevated mortgage rates, with Lennar reporting a 15.8% Q3 gross margin. Berkshire reportedly owns approximately 12% of Lennar, increasing its exposure to U.S. residential construction demand and mortgage-sensitive buyer activity.