I have had this problem with a low brake pedal since I blew a brake hose. I replaced all the hoses, master cylinder, pads and shoes, and bleed the system. No matter what I do the brake pedal stops a 1/2 inch from the floor. The brakes stop the car and there is no sign of fluid leakage but the pedal is moving way to far. Anyone got any ideas on this one. Any help would be appriciated.

 

There is still air in the system somwhere and it's compressing.

 

Yup, what rook said.

Do you have ABS?