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.

Transaction is Greg Abel's first major acquisition as Berkshire CEO Cash value is a 24% premium to Taylor Morrison's stock price Including debt, the deal has an enterprise value of $8.5 billion Berkshire aims to unify homebuilding operations,

Berkshire Hathaway agreed to buy Taylor Morrison for $8.5B. Here is what Greg Abel's first major deal means for housing and Berkshire investors.

Berkshire Hathaway has finally cracked open its wallet. A little. The Omaha conglomerate’s $6.8 billion all-cash deal to buy Taylor Morrison Home announced Sunday, accounts for less than 2% of the $397 billion cash pile it held as the first quarter ended.

Berkshire's purchase of homebuilder Taylor Morrison gives the conglomerate a larger foothold in housing and appears to have been struck at a bargain valuation.

The conglomerate said it would buy Taylor Morrison Home, a leading homebuilder, as it continues to expand in the sector.

Taylor Morrison CEO Sheryl Palmer joins CNBC's 'Squawk on the Street' to discuss Taylor Morrison's agreement to be acquired by Berkshire Hathaway in a $6.8 billion deal.

Berkshire is paying $72.50 per Taylor Morrison share, representing a 24% premium to Friday's closing price. Abel says he plans to "unify" Berkshire's home building operat