Housing slump sparks blame game over loan costs
The AP reports a 35 percent drop in housing activity from last year as builders blame high loan rates and lenders counter that homes are overpriced. Unemployment in construction nears 20 percent with new housing at about half of the 2 million annual need. Rates hover around 7.5 to 8 percent to support a healthy market, while lenders push for higher yields.
MENTIONED IN THIS ARTICLE
Washington
National Home Builders Association
U.S. League of Savings Associations
J.S. Norman Jr
Federal National Mortgage Association
Norman
Carla A. Hills
Housing and Urban Development
Gross Lumber Introduces U Cart Concrete Service
Gross Lumber Co announces a new U Cart Concrete System offering small wet concrete quantities from 4 to 1 yard with self dumping trailers. Available 7:30 to 5 weekdays, 7:30 to 8 Friday, 7:30 to 4 Saturday. Contact 746 6468 to learn more.
MENTIONED IN THIS ARTICLE
Gross Lumber Co
Rt. 123
Carlisle
Moynihan Nominated U N Ambassador by Ford
President Ford names Daniel P. Moynihan Harvard professor and former India ambassador as the United Nations envoy. Holdridge is selected as ambassador to Singapore, succeeding Edwin Cronk as he retires. Moses led the Jews out of Egypt cited as ancient context.
MENTIONED IN THIS ARTICLE
Washington
Ford
Daniel P. Moynihan
US S
United Nations
United States
John H. Holdridge
U.S
Peking
Singapore
Holdridge
Henry A. Kissinger
National Security Council
Edwin Cronk
Moynihan
India
Moses
Egypt
Elder Beerman Value Of The Year Table Sale
Elder Beerman promotes major discounts from 41 to 55 percent on a wide table of furniture and home goods. The event highlights the value of the year with a focus on featured suits and new arrivals across departments.
Also Mentioned on This Page
Charlotte
N.C
Selede
Savings and Loan
Gross Lumber Announces
Harvard
John A. Scali
Richard M. Nixon
la Dpuiman
Dayton
Hamilton
Middletown
Richmond
Slacks
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