Berkshire Hathaway’s multibillion-dollar buy of Taylor Morrison to boost US housing market

Berkshire Hathaway’s all-cash acquisition of home builder Taylor Morrison for US$6.8 billion is likely to trigger more investment in the US housing market, as institutional confidence in the segment encourages more home purchases in the world’s largest economy by local and overseas buyers, according to analysts.The US-based conglomerate made the investment in May, deepening its bet on the US residential property market.It marked the first multibillion-dollar acquisition under CEO and president George Abel, who was appointed to his current post in January after chairman Warren Buffett stepped down from his post overseeing the group’s operation.