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Berkshire's Greg Abel Bets on Homebuilders as Pending Home Sales Sit Near Record Low

Greg Abel, Berkshire Hathaway's incoming chief executive, is building a position in homebuilders while the Pending Home Sales Index sits near its second-lowest reading on record, down 36% since 2021. The bet raises the question of whether Berkshire is early to a housing recovery or simply early.

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Greg Abel, Berkshire Hathaway's incoming chief executive, is building a position in homebuilders while the Pending Home Sales Index sits near its second-lowest reading on record, down 36% since 2021. The bet raises the question of whether Berkshire is early to a housing recovery…

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