Greg Abel’s first major deal at the helm of Berkshire Hathaway Inc. wasn’t just a way to put a dent in a nearly $400 billion cash pile. It was also a bet on the American Dream.

With its acquisition of Taylor Morrison Home Corp., Berkshire vaulted into the ranks of the largest US homebuilders, topped only by D.R. Horton Inc., Lennar Corp. and PulteGroup Inc. based on 2025 closings.

For Berkshire – now with Abel as its chief executive officer – the purchase extends a housing empire that stretches from factory-built houses and building materials to real estate brokerages and utilities, giving the conglomerate exposure to nearly every stage of the homebuying economy. It also pushes Berkshire closer to a longstanding goal of making homeownership accessible to as many people as possible.

Reprinted courtesy of Dina Katgara, Bloomberg and Alexandre Rajbhandari, Bloomberg