When Warren Buffett talks - ears perk up.
His actual words are, “Within a year or so, residential housing problems should largely be behind us,” so let's hope Mr. Buffett is spot on.
Here in Kansas, we've seen some recovery but we never experienced the kind of downturn that took the coastal states by storm. We slowed a bit, moving into remodels to keep our crews working but houses are still going up, albeit much slower than they were five years ago.
This is encouraging news, not only because Warren Buffett said it, but because other industries take stock of what he says and plan accordingly.
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