Buffett’s Homebuilder Buys?
Warren Buffett generated a lot of headlines in 2024 when he sold more than 133 billion dollars worth of stocks. But now his company Berkshire Hathaway is reversing course to a degree, and has spent more than one billion dollars this year on the stocks of homebuilders Lennar and D.R. Horton.
Does Buffett foresee a huge upward swing in homebuilding? Is this predicated on the market improving for younger homebuyers or does he predict there could be large natural disasters that might wipe out swaths of older homes?
Here, ex-CIA agent Michael Jaco speculates, touching on the possibility of tsunamis along the West Coast or perhaps an earthquake that might rock homes in the American interior, say, along the New Madrid fault line? What does Buffett know, and what’s motivating his stock purchases? Here’s more from Jaco.
