Wedbush's Jay McCanless: Berkshire's bullishness on DR Horton and Lennar shows promise for housing

Home builders sentiment pulling back in August as elevated mortgage rates, weak buyer traffic, ongoing supply side challenges, all weighing on the market. This comes as Warren Buffett's Bergkshire Hathaway increased its exposure to the sector last week. It did add shares of LAR.It initiated a stake as well in Dr. . Horton. Wed Bush analyst Jay McCandal joins us now.He's got his outlook for the sector. We also got some sentiment numbers at the top of the hour. Jay, despite what was a fall in mortgage rates, ...