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Builders Say Industry Suffers From Tight Money
New York AP reports builders claim tight credit hurts the housing sector with May starts dropping 13 percent to the lowest since January 1903 while optimism remains for a postwar rebound. Analysts cite factors beyond interest rates including tax policy and Viet Nam war uncertainties impacting jobs and spending. Washington AP notes Senate Agriculture Committee opposition to antipoverty and education aid expanding school feeding programs amid Great Society criticism.
MENTIONED IN THIS ARTICLE
New York
T Han
Commerce Department
Washington
Senate Agriculture Committee
Allen J. Ellender
Great Society