Lennar
Coverage of Lennar in the Nexus archive.
- Berkshire Hathaway boosted stake in Alphabet, homebuilders in the second quarter
Berkshire Hathaway increased its investments during the second quarter by significantly boosting stakes in Alphabet and homebuilders such as Lennar and Taylor Morrison. The company also increased shares in Delta Air Lines and Macy's, while simultaneously divesting holdings in companies like Constellation Brands and reducing positions in financial firms like Bank of America. Greg Abel took over CEO duties from Warren Buffett at the start of the year.
- Judge sinks homeowners’ case over Navy shipyard cleanup fraud
A federal judge dismissed a case against Navy contractor Tetra Tech, citing the Price-Anderson Act to shield the company from liability claims by homeowners over radioactive waste cleanup fraud at Hunters Point Naval Shipyard. Plaintiffs argued that fraudulent soil sampling practices led to significant property value losses for families in the Bayview neighborhood.
- Wall Street calms, and stocks hold steadier after US inflation data comes in less bad than expected
Stocks stabilized as U.S. inflation in June came in lower than expected at 3.5%, reducing pressure on the Federal Reserve to raise interest rates. However, oil prices rose due to Middle East tensions, and market focus shifts to upcoming earnings reports.
- Buy Toll, Sell Lennar as Rich Homebuyers Outpace First-Timers
The article highlights that wealthy homebuyers are outpacing first-time buyers, leading to a recommendation to buy Toll Brothers and sell Lennar. Construction at a Toll Brothers community in Morgan Hill, California, is cited as an example.