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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 8:57 am to SlowFlowPro
Posted on 3/1/24 at 8:57 am to SlowFlowPro
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).
2
Posted on 3/1/24 at 10:20 am to MrLSU
quote:
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 f
They are losing money on the lending side with the rate buydowns but making it up in the cost of the house. You can use their in house lender even if you don’t buy one of their homes but you don’t get that super low rate.
Posted on 3/1/24 at 12:48 pm to MrLSU
quote:
All of the majors do their own in-house financing
Beazer Homes doesn't.
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