Buffett Hedges his Bets

Benzinga reports Warren Buffett has changed his tune from a year ago when he noted most everything in the economy was improving except residential housing, for which he now sees a demand in the rental market. He says although Europe is in worse shape now than six weeks ago he feels sure the leaders will arrive at a solution, but he’s not sure the Euro will survive beyond ten years. While he is not certain about where the U.S. economy is currently going, the positive signs he ticks off for Berkshire Hathaway include a week-by-week rise in freight car loadings, an increase in retail sales, jewelry, furniture, and carpet. He also notes the sale of brick, Clayton Homes, and pending sales from the real estate brokerage have all increased, but from a low level to begin with. MHProNews.com understands Clayton Homes is the largest producer of manufactured housing in the nation.

(Photo credit: BusinessInsider)

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