Buffett's Berkshire Bets Big on Homebuilders Amid Housing Market Rebound

Berkshire Hathaway disclosed over $800 million in investments in major homebuilders DR Horton, Lennar, and NVR.
The investments come as the housing market is rebounding after mortgage rates have started to decline.
Berkshire's building products business saw slower demand in Q2 due to higher mortgage rates earlier in the year.
New home sales posted a strong 23.8% year-over-year increase in June 2023.
Homebuilders have implemented strategies to enhance affordability and attract homebuyers.