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Berkshire Hathaway's $779M Lennar accumulation amid $24B selling signals conviction that housing shortage dynamics overcome margin pressure.
Lennar reported **$35.44B** in FY2024 revenue (+3.53%) while free cash flow plunged **-56.10%** to **$2.23B** as buybacks of **$2.26B** continued and net cash declined.
Margin compression exposes the cost of Lennar's affordability pivot as D.R. Horton's capital discipline proves superior in the housing market.
Buffett's aggressive accumulation of Lennar stock signals institutional conviction that housing shortage dynamics will overcome near-term margin pressures.