Warren Buffett investing money in three US homebuilding companies

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Berkshire Hathaway is putting investment dollars into three homebuilding companies despite the industry’s sluggish recovery since the pandemic, according to filing with SEC.

Warren Buffett, Chairman and CEO of Berkshire Hathaway.

On Tuesday, data compiled by the National Association of Home Builders/Wells Fargo Housing Market Index, which measures the pulse of the single-family housing market, showed confidence among builders in the U.S. housing market unexpectedly plunged in August as a spike in mortgage rates dampened consumer demand for new homes.

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