Warren Buffett told CNBC he's surprised that housing is not that strong yet.
"The pickup in housing has been slower than I would have anticipated," the Berkshire Hathaway chairman and CEO said in the interview that aired Friday. "It's [also] true in the secondary market for houses. The prices have recovered some."
In February 2012, Buffett told "Squawk Box" he thought single-family homes were a very attractive investment. If held for a long period and purchased at low rates, he said, houses can be a better investment than even stocks.
Fast forward to spring 2014, Buffett said that housing is better than it was a couple of years ago, "but if you look at transactions and pending transactions in March, it's not booming."
As his faithful followers flock to Omaha, Nebraska, for Berkshire Hathaway's annual shareholders meeting on Saturday, Buffett also addressed a wide range of other topics, including jobs, the economy, and how Coca-Cola is taking a second look at its controversial equity compensation plan for executives.