News
National State of Market

Warren Buffett: Retail Powered by Housing Rebound

Photo credit: Wikimedia/Pete Souza

Veteran businessman Warren Buffett knows what's up. At Fortune's Most Powerful Women Summit in Washington this week, the third-wealthiest guy alive gave his thoughts on the housing and retail markets.

The CEO of Berkshire Hathaway believes the housing rebound has fueled growth in the overall US economy, which has trickled down through sectors like retail.

"Housing is picking up," Warren says, and "our furniture stores are running at good gains." If you're getting a new home, might as well treat yourself to a new couch too, right? [Bloomberg]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Equinix Ramps Up Spending Plans Amid Faster-Than-Expected AI Shift

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI