Warren Buffett, one of the most successful investors of all time, walked back on the bet he had made on the U.S. housing market last year, selling off recently bought stocks in major U.S. homebuilders.
In August 2023, Buffett’s company Berkshire Hathaway informed the U.S. Securities and Exchange Commission (SEC) that it had invested in D.R. Horton, Lennar and NVR in the quarter ending June 30. The firm bought respectively 5,969,714, 152,572 and 11,112 shares of each company. These were reportedly worth over $800 million together, with the investment in D.R. Horton—considered the largest homebuilder in the country—alone accounting for more than $700 million of that entire sum.
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By Giulia Carbonaro – US News Reporter:
Warren Buffett, one of the most successful investors of all time, walked back on the bet he had made on the U.S. housing market last year, selling off recently bought stocks in major U.S. homebuilders.
In August 2023, Buffett’s company Berkshire Hathaway informed the U.S. Securities and Exchange Commission (SEC) that it had invested in D.R. Horton, Lennar and NVR in the quarter ending June 30. The firm bought respectively 5,969,714, 152,572 and 11,112 shares of each company. These were reportedly worth over $800 million together, with the investment in D.R. Horton—considered the largest homebuilder in the country—alone accounting for more than $700 million of that entire sum.
Read more: [https://www.newsweek.com/warren-buffett-sells-off-housing-market-stock-shares-1873633](https://www.newsweek.com/warren-buffett-sells-off-housing-market-stock-shares-1873633)
They build junk houses.