Warren Buffett's company invests in three homebuilders even as rates rise

  • 📰 Reuters
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Berkshire invests in three homebuilders

The investments were disclosed in a regulatory filing that detailed Berkshire's U.S.-listed stock holdings, which comprise most of its $353.4 billion equity portfolio, as of June 30.down period for Berkshire's homebuilding and remodeling businesses

But Berkshire said those effects have been partially offset by new construction activity resulting from low inventory of existing homes for sale, an environment that could benefit homebuilders. The filing does not say which investments are Buffett's and which are from his portfolio managers Todd Combs and Ted Weschler.

Shares of DR Horton rose 2.8% and Lennar rose 2% in after-hours trading. NVR's stock price tops $6,000 and its shares therefore trade more thinly.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines