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.
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