Warren Buffett perplexed by sluggish U.S. home building

Printer-friendly version
October 10, 2014

Money News reports that during a conference hosted by Fortune magazine, billionaire Warren Buffett expressed his confusion to the home construction pick-up that is slower than he had expected.
Commerce Department data show housing starts slumped in August from the highest level in almost seven years to a 956,000 annualized rate. Buffett says that with the current low mortgage rates, people would be lining up to get a mortgage and buy a home, but slow wage growth and tighter lending standards have kept some would-be borrowers from buying.
Read more

Comments on: "Warren Buffett perplexed by sluggish U.S. home building"

July 2017

This Month in Professional Builder


Ashton Woods launched Starlight Homes to target entry-level home...

Overlay Init