Greg Abel Is Betting on Homebuilders Even as the Pending Home Sales Index Sits Near Its Second-Lowest Reading Ever, Down 36% Since 2021. Is Berkshire Early to a Housing Recovery, or Just Early?
Key PointsGreg Abel took over the helm of Berkshire Hathaway at the start of 2026.
Berkshire Hathaway recently acquired Taylor Morrison Home for $6.8 billion in May, following Greg Abel's appointment as CEO from Warren Buffett. The acquisition aims to unify site-built homebuilding operations into a single platform. While the pending home sales index is at a 36% decline since 2021, Abel isn't trying to time a housing recovery.
Berkshire Hathaway's decision to be early in the housing market is strategic, as the company is focused on long-term growth through the integration of its homebuilding operations. With $365 billion in cash on its balance sheet, Berkshire Hathaway is well-positioned for future success, regardless of short-term housing market fluctuations.
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- Greg Abel Is Betting on Homebuilders Even as the Pending Home Sales Index Sits Near Its Second-Lowest Reading Ever, Down 36% Since 2021. Is Berkshire Early to a Housing Recovery, or Just Early? finance.yahoo.com
- Greg Abel Is Betting on Homebuilders Even as the Pending Home Sales Index Sits Near Its Second-Lowest Reading Ever, Down 36% Since 2021. Is Berkshire Early to a Housing Recovery, or Just Early? fool.com
