Warren Buffett’s Berkshire Hathaway makes bold housing market wager: Acquiring Taylor Morrison and becoming America’s 4th largest builder

On Sunday, Berkshire Hathaway—which already owns Clayton Properties, America’s 12th largest homebuilder—said it’s acquiring Taylor Morrison—America’s No. 6 largest homebuilder—for $8.5 billion.

[Photo: David Paul Morris/Bloomberg via Getty Images]

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Greg Abel—who........

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