Berkshire Hathaway CEO Greg Abel speaks during Berkshire Hathaway’s annual meeting on May 2, 2026 in Omaha, NE.
CNBC
Berkshire Hathaway agreed on Sunday to acquire the home builder Taylor Morrison House in a $6.8 billion deal that deepens the conglomerate’s bet on the U.S. real estate market after a prolonged downturn.
The Omaha, Nebraska-based company will pay $72.50 per share in cash for Taylor Morrison, according to a statement. The offer represents a 24% premium to the homebuilder’s May 29 closing price and values the company at about $8.5 billion, including debt.
The acquisition represents one of the first major strategic deals under Warren Buffett’s successor Greg Abel, who took over as CEO in early 2026. The acquisition, which is expected to close in the second half of 2026, is relatively modest by Berkshire standards as it is based on a cash balance of nearly $400 billion.
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“Berkshire is acquiring a nation-leading homebuilder led by an exceptional team and with a trusted reputation for customer satisfaction,” Abel said in the statement. “Over time, we expect to combine our locally built homebuilding activities into a common platform that will enable us to make the dream of homeownership a reality for more Americans.”
The deal suggests Berkshire is preparing for a recovery in U.S. housing demand, despite elevated mortgage rates and affordability pressures that have weighed on the sector in recent years.
“You’re betting that the real estate cycle is going to turn and that there’s pent-up demand,” Bill Stone, CIO of Glenview Trust and shareholder of Berkshire, told CNBC.
The acquisition expands Berkshire’s already significant homebuilding footprint. The conglomerate owns prefabricated housing giant Clayton Homes, a number of building materials companies, and Berkshire Hathaway HomeServices, one of the largest residential real estate brokerage franchise networks in the United States
Berkshire’s last major deal came in October, when it struck a $9.7 billion all-cash deal to buy OxyChem, Occidental Petroleum’s chemicals business.
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