‘American dream will continue to exist’: Warren Buffett’s successor is betting big on U.S. housing

LENNAR CORP /NEW/ (LEN) filed an SEC Form 8-K — Other Events. Item 8.01. Other Events. On October 15, 2026, Lennar Corporation (the “Company”) settled its offering of (i) $300 million aggregate principal amount of the Company’s 5.700% Senior Notes due 2029 (the “2029 Notes”) and (ii) $300 million aggregate principal amount of the Company’s

Berkshire Hathaway's Class A shares are on track for a 10-day winning streak, the first since 2018, reaching an intraday high of $786,000. The company has invested in Bending Spoons and increased its stake in Lennar. Analysts cite higher short-term interest rates, cash reserves, and energy investments as potential drivers. The rally follows Warren Buffett's transition to chairman emeritus.

US stocks fell as inflation data showed a 3.7% year-over-year increase, higher than expected. The S&P 500 dropped 1.1%, the Dow lost 0.3%, and the Nasdaq fell 1.6%. Netflix announced 6% workforce cuts, affecting nearly 1000 roles. BlackRock rose 0.1% on strong earnings, while Bank of America and State Street fell over 6% on weaker results. ASX futures indicate a 0.4% drop at open.

U.S. stocks fell Wednesday as inflation data showed a 3.7% year-over-year increase, higher than expected. The S&P 500 dropped 0.9%, the Dow lost 0.2%, and the Nasdaq fell 1.3%. Rising bond yields and Fed rate hike expectations weighed on markets. BlackRock rose 0.5% on strong earnings, while Bank of America and State Street fell over 6% after missing estimates. Homebuilders also declined due to high mortgage rates.

U.S. stocks declined Wednesday as inflation concerns grew, with the S&P 500 down 0.6% and the Nasdaq composite 0.9% lower. The 10-year Treasury yield rose to 5.26%, and traders increased bets on a Fed rate hike. BlackRock rose 1.8% on strong earnings, while Bank of America and State Street fell 7.5% and 8.2% respectively on weaker results. Homebuilders and utility stocks also dropped.

Fitch Ratings changed Lennar's outlook to negative from stable, citing margin compression and demand risks in the U.S. housing market. The agency expects Lennar's EBITDA margins to fall to 5.5%-6.5% in 2026, down from 8.4% in 2025, with revenues declining 6%-7% due to affordability challenges and weak consumer confidence. Despite near-term headwinds, Lennar's scale and capital-efficient model provide downside protection.