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Berkshire reveals nearly doubled stake in slumping homebuilder
Berkshire Hathaway has increased its bet on a long-term recovery for the struggling U.S. housing market by nearly doubling its stake in Lennar, the nation’s second largest homebuilder, since the beginning of July.
Signage is seen at The Collection at Morristown, a housing development by Lennar Corporation, in Morristown, New Jersey, U.S., November 13, 2021
Andrew Kelly/Reuters
As of late Friday, Berkshire reports owning almost 25.4 million shares of LEN and another 549 thousand of its Class B…
