Warren Buffett Invests in US Homebuilders

Warren Buffett’s Berkshire Hathaway has made a surprising move by investing in three homebuilding companies, despite the sluggish recovery of the industry since the COVID-19 pandemic hit. This investment announcement comes at a time when the housing market is facing challenges such as falling home sales and increasing mortgage rates. The move has raised eyebrows in the market, as the industry has been struggling to regain its momentum. However, Berkshire Hathaway’s decision to invest in these companies shows its confidence in the long-term prospects of the housing market.