Lennar, D.R. Horton (DHI), Other Home Builder Stocks Jump Amid Buffett Boost
1. Berkshire Hathaway bought shares of home builders D.R. Horton and Lennar. 2. Buffett's investments indicate overreaction in the stock selloff. 3. High mortgage rates have reduced home demand and economic outlook is uncertain. 4. Federal Reserve might lower interest rates soon, boosting housing market. 5. Improved trade relations reduce uncertainties affecting the housing sector.