Greg Abel, who succeeded Warren Buffett as CEO of Berkshire Hathaway on Jan. 1, has made three major moves in U.S. homebuilding. In May, Berkshire agreed to acquire Taylor Morrison for $6.8 billion in equity, approximately $8.5 billion including debt, with the deal closing in July. In the third quarter, Berkshire nearly doubled its position in Lennar, America’s second-largest homebuilder, by 94%, bringing its stake to roughly 11%. These investments come despite significant sector challenges: Lennar shares are down 49.7% from their October 2024 high, and net earnings fell to $284 million from $591 million a year earlier.
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