Last qtr. was understandable with the cold hard Winter. Now this qtr too. promises of better 2nd half? Really? Based on what, June new home sales plummeted today. I sold out this morning and will not be back! WB is wrong on this one and hasn't dome much better with CBI of late. He is loosing his touch!
He is on the wrong side? he is up about 200% and didn't sell out on a down 5% day, master blaster.
This is a long term investment. This is the name brand market leader in a product that cannot be disrupted or made obsolete. This may go lower in the near term, but a decade from now, this will either be much, much higher or already a part of Berkshire.
We are only in the second inning of the housing recovery, have a little. patience, it took years of fraudulent financing to create the housing melt down in the US, and it is going to take time for conditions to improve. As for W B, I own BRK-b shares, and I wouldn't say he is losing his touch... Best of Luck, whether you sell or hold, I am holding for at least another couple of years, baring another global melt down.