"The general economy in the United States has been more or less flat, and so the growth has tempered down. But the residential housing, we're seeing a pickup. It's noticeable. It's from a very low base," said Buffett on CNBC, in July.
For more on Berkshire Hathaway, here's how Buffett explained in his annual letter that Berkshire Hathaway is positioned for growth in 2012 and beyond.
See what Warren Buffett knows about bank investing that you don't for more on the 'Oracle's' investing strategy.
Also see why Berkshire Hathaway earnings are a true test of a housing market recovery.Follow @agara2004 -- Written by Antoine Gara in New York