Is D.R. Horton Stock a Buy?
Despite higher interest rates and economic uncertainty, the housing market has held up quite well due to a low supply of homes and favorable demographic factors supporting housing demand. One homebuilder that continues to perform well is D.R. Horton (NYSE: DHI).
Last year, CEO Warren Buffett and his team at Berkshire Hathaway opened new positions in homebuilders, including D.R. Horton. However, its position didn't last long, and in the fourth quarter, Berkshire closed out its stake in D.R. Horton. Should investors follow Buffett's lead, or is D.R. Horton a good stock for the long haul? Let's dive in and find out.
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Source Fool.com
