Berkshire bought more Lennar shares, and Lennar cut building costs and shortened build times. But weaker housing, allegations about sales routed to Millrose, and 4 missed targets make the story unfavorable for Lennar.
Berkshire’s purchases and Lennar’s lower building costs may help the company. But Lennar’s CEO says conditions have worsened. Hunterbrook also alleged that home sales went to Millrose, and Lennar missed 4 other financial targets. Those concerns outweigh the support from Berkshire’s buying.
The story reports allegations that Lennar routed home sales to Millrose, but gives no clear effect on Millrose’s own business. So this story does not change Millrose’s outlook.
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