Lennar Corporation Class A (LEN) News
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last 30 daysLennar stock rose about 1%, while Berkshire Hathaway stock was relatively flat. The post Berkshire Buys More Lennar Stock As Mortgage Rates Rise appeared first on Investor's Business Daily .
Berkshire is investing in housing in a big way, despite the industry's many woes.
The conglomerate's decision to up its stake in homebuilder Lennar fits perfectly with its broader investing style.
Berkshire Hathaway thinks in decades, which changes the story around investing in housing stocks.
Berkshire Hathaway added to its bet on Lennar this week, raising its stake in the homebuilder to 11.2%, although the pace of its buying appears to be slowing.
Berkshire Hathaway has increased its bet on a long-term recovery for the struggling U.S. housing market by nearly doubling its stake in Lennar, the nation's second largest homebuilder, since the beginning of July.
Berkshire Hathaway bought heavily during Lennar's worst week of the year, and its broader housing bets keep expanding.
The conglomerate built by Warren Buffett and led today by Greg Abel holds a sizable stake in Miami-based homebuilder Lennar.
Berkshire Hathaway raised its stake in Lennar and now owns 10% of the homebuilder. The post Berkshire Hathaway Raises Stake In This Ramshackle Homebuilder appeared first on Investor's Business Daily .
The Lennar Corp. earnings report missed estimates, but the numbers say more about the housing market than the homebuilder.
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