Berkshire adds to nearly doubled stake in slumping homebuilder

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Berkshire Hathaway has nearly doubled its stake in Lennar, indicating confidence in a long-term recovery of the U.S. housing market. Lennar, being the second largest homebuilder in the country, continues to face market challenges.

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.