Mary Rhinehart, who was named chief executive officer of Berkshire Hathaway Inc. (BRK/A)’s Johns Manville building-products unit yesterday, said that a pick-up in housing starts shows that the U.S. real estate market is reviving.
“It’s still off of a very low base, but we really believe that this is a start of something good,” Rhinehart said yesterday in a phone interview. “We’ve had a lot of glut in housing with all the foreclosures and hangover and whatnot and we really are optimistic that 2013 will be stronger than 2012.”
Wednesday, November 14, 2012
Buffett’s New CEO Calls Housing Gain ‘Start of Something Good’
Pay attention, she is new and traveled to Omaha earlier this week to meet with Buffett, she;s talking his views. Via Bloomberg: