Berkshire Hathaway announced it will acquire Taylor Morrison Home Corporation, a U.S. homebuilder, in a deal that marks a significant expansion into the residential construction sector. The transaction value has been reported differently across sources, with figures ranging from $6.8 billion to $8.5 billion.

The acquisition represents one of the first major strategic moves under Greg Abel, who succeeded Warren Buffett as Berkshire Hathaway's chief executive officer in January. The deal signals Berkshire's continued appetite for large-scale acquisitions across diverse industries.

Taylor Morrison is a publicly traded homebuilder that operates in multiple U.S. markets, focusing on residential construction and development. The company has established operations in key growth markets across the United States.

The transaction comes as the U.S. housing market continues to experience significant activity, with homebuilders navigating various market conditions including interest rate fluctuations and supply chain considerations. For Berkshire Hathaway, the acquisition would add residential construction to its existing portfolio of subsidiaries spanning insurance, energy, manufacturing, and retail sectors.

Details regarding the transaction structure, financing terms, and expected closing timeline were not immediately available. The deal would require standard regulatory approvals and shareholder votes before completion.