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re: Don't look now but Berkshire Hathaway sold off all of it's shares of D.R. Horton

Posted on 3/1/24 at 8:53 am to
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
432331 posts
Posted on 3/1/24 at 8:53 am to
quote:

Pretty odd time to be selling off the national Homebuilder stocks because the Housing Market Index YOY for Feb is up for all markets. The HMI in 2023 for Feb was 42 and in 2024 it is 48. The last time it was this good was back in August of 2023.


Doesn't DRH do their own in-house financing? That may be the issue.
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
26841 posts
Posted on 3/1/24 at 8:57 am to
quote:

Doesn't DRH do their own in-house financing? That may be the issue.


All of the majors do their own in-house financing and they are cash cows for all of the home builders because they are buying down the rates for prospective buyers and no other lenders can come close to competing against them. It is definitely not related to the lending side because the nationals have the most rock solid lending operations in the country right now (i.e. there is demand due to lower pricing).
Posted by Junky
Louisiana
Member since Oct 2005
8555 posts
Posted on 3/1/24 at 12:45 pm to
quote:

Doesn't DRH do their own in-house financing? That may be the issue.


With inflation and insurance being what it is, I wouldn’t want to be near mortgages either.

But I’m also not a billionaire.
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