Warren Buffett: Housing market key to jobs recovery

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.

July 10, 2011
housing market, housing recovery, warren buffett

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.

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