Buffett Extends His Bet on Housing

  • Factory builder uses deals to expand into on-site construction
  • Buffett also benefits from housing recovery with bricks, paint

Clayton Homes, the unit at Warren Buffett’s Berkshire Hathaway Inc. that assembles houses in factories for delivery to lots, bought Colorado’s Oakwood Homes to expand a push in site-built construction.

The deal includes about 18,000 lots controlled by the developer, Clayton said Thursday in a statement that didn’t disclose terms. That’s the largest figure in deals disclosed by the homebuilder, which added 1,200 in a Missouri transaction and fewer than 4,000 through a Tennessee agreement last year…

Buffett Extends His Bet on Housing

Categories : Real Estate

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