Berkshire Hathaway disclosed another $212.4 million purchase of Lennar shares, deepening a housing-sector bet that now sits against a much tougher operating backdrop. According to an SEC Form 4, Berkshire bought more than 2.7 million Lennar Class A and Class B shares between September 17 and September 21 at weighted-average prices ranging from $74.80 to $79.41, through its insurance subsidiaries. Berkshire already owns more than 10% of Lennar, with an existing stake worth roughly $1.2 billion, and the move fits a broader housing push that includes its ownership of D.R. Horton and its completed $6.8 billion acquisition of Taylor Morrison in July. The buying comes as Lennar's fiscal third-quarter earnings fell to $1.19 per share from $2.29 a year earlier and missed the $1.28 consensus estimate, while revenue dropped 8.6% to $8.05 billion. New orders declined 9% to 20,879 homes, deliveries slipped 3% to 20,840, gross margin fell to 15.8% from 17.5%, and management cut its 2026 delivery outlook to 80,000-81,000 homes from 82,000-83,000.
Lennar CorporationBerkshire bought more Lennar shares, but Lennar's Q3 earnings missed and management cut its 2026 delivery outlook.
DR Horton Inc
Taylor Morn Home
Berkshire Hathaway IncBerkshire disclosed a $212.4 million purchase of Lennar shares, deepening its housing-sector bet.
