Warren Buffett’s firm buys $700 million in D.R. Horton stock as new home sales soar

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Warren Buffett’s firm buys $700 million in D.R. Horton stock as new home sales soar
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Warren Buffett’s company appears to be betting on the housing market picking up because Berkshire Hathaway bought more than $700 million worth of Arlington-base...

Investors always watch Berkshire’s moves closely because of Buffett’s remarkably successful track record over the years, but these filings don’t make clear which moves Buffett made and which ones were handled by one of the Omaha, Neb.-based company’s two other investment managers.

FILE - Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb., May 5, 2019. Buffett’s company appears to be betting on the housing market picking up because Berkshire Hathaway bought more than $700 million worth of homebuilder DR Horton’s stock in the spring of 2023 along with smaller stakes in fellow builders Lennar Corp. and NVR Corp.

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