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Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, may have his sights set on a strong housing market recovery.
What Happened: With existing-home sales falling for the 12th consecutive month in January, Buffet’s recent purchase of 1.25 million shares of Louisiana-Pacific Corp (NYSE:LPX) suggests he believes the housing market has finally bottomed out.
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While housing inventory remains low, it has started to climb, indicating that buyers and builders are regaining confidence in the market.
Berkshire’s latest SEC filing shows it now owns 7 million shares, worth $417.1 million, in Louisiana-Pacific, a homebuilding solutions company.,
Berkshire’s 7% stake in Louisiana-Pacific suggests that Buffett sees value in the company, which could be poised for growth as the housing market recovers.
Investors don’t have to be left out of Buffett’s bet on the housing market, though. New companies have innovated ways for the individual investor to get involved with real-estate for as little as $100 (or more, depending on your appetite). Here’s how to get started on earning passive income and building long-term wealth, like Buffett.
The purchase also underscores Berkshire’s commitment to investing in companies that are positioned to benefit from long-term trends, such as the growing demand for housing later in the year and into 2024.
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Buffett’s interest in the housing market is not new. The company has been investing in the sector for several years, including through its ownership of homebuilder Clayton Homes and its subsidiary, Berkshire Hathaway Energy, which has a significant investment in renewable energy.
Buffett has also been bullish on the broader economy, saying in his 2022 letter to shareholders to "never bet against America."
With Buffett's track record of successful long-term investing, his latest bet on the housing market could be a positive sign for the sector and the broader economy.
It remains to be seen how the housing market will perform in the coming months and years, but Buffett's recent purchase suggests that he sees potential for growth in the sector.
Looking for a way to boost returns? Benzinga’s Real Estate Offering Screener has the latest private market investments with offerings available for both accredited and non-accredited investors.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.