In an interview on Bloomberg Television last week, billionaire Warren Buffett said the country's unemployment rate will improve substantially once the home-building sector rebounds.
Buffett said that people will be surprised how quickly employment improves once the excess houses are bought and normal levels of construction resume. "We will come back big-time on employment when residential construction comes back," Buffett said.
Read the USA Today report.
Advertisement
Related Stories
New-Home Sales
New-Home Sales Steady During February
A small increase in mortgage rates during February led to a flat reading for new-home sales
Market Data + Trends
Hottest Markets for Rental Activity in February
Looking at February's rental activity, the West continued to be the most desirable region for apartment hunters for the second month in a row, with the South close behind
Market Data + Trends
Looking Ahead: Second-Quarter Housing Market Trends
Industry pros offer insights about what real estate trends we can expect to see during the next three months