Warren Buffett’s Berkshire pours $8.5B on US homebuilder — a big bold bet on America’s housing comeback

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Warren Buffett’s Berkshire Hathaway (NYSE:BRK.B) is making a big bet on a housing comeback.

The conglomerate has agreed to acquire (1) homebuilder Taylor Morrison Home Corporation (NYSE:TMHC) in an all-cash deal valued at $8.5 billion, including debt, marking one of Berkshire’s first major moves under new CEO Greg Abel.

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“Greg did that faster than I could have done it, smoother than I could have done it, and I never talked to the CEO,” Buffett told (2) CNBC’s Becky Quick. “He has launched.”

That is a powerful endorsement from the Oracle of Omaha — and a clear signal that Berkshire is not backing away from big deals in the post-Buffett era. If anything, Buffett seems confident that Abel may take the company to new heights.