Buffett's Berkshire increases exposure to blue-chip housing stock
Warren Buffett’s Berkshire Hathaway has a long history of doubling down on companies it believes are undervalued.
Now the conglomerate appears to be doing precisely that in the homebuilding sector, at a moment when mortgage rates remain stubbornly high and buyers are still hesitant.
The move comes as one major builder posted quarterly numbers that hint at a turning point.
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