Open House Housing future appears cloudy
The housing outlook is unclear as costs rise and new financing options are urged. Industry and government leaders warn construction may fall and homeowner ownership could drop from today’s around 60 percent if trends continue, calling for reduced costs and innovative financing.
MENTIONED IN THIS ARTICLE
James M. Woodward
Copley News Service
U.S
Associated General Contractors of America
Harrison A. Williams Jr
D-N.j
Lubor
Inflation, shortages threaten U S home building growth
Real estate observers warn inflation and soaring prices squeeze buyers and builders. Material shortages and fuel limits risk construction cuts by 1985, as half of American families struggle to afford homes and zoning rules curb new housing activity.
MENTIONED IN THIS ARTICLE
Lewis Conker
National Association of Home Builders
Statute Proposals to Aid Mobile Home Owners in Arizona
The Arizona State Law Journal suggests a landlord tenant statute for mobile home parks. Provisions call for 12 month leases, rent protection, prohibition of arbitrary eviction, park rules guidelines, ban on entrance fees, vendor choice freedom, defined repair duties, and a judicial remedy for evictions. The issue also covers estate planning under the new Arizona Probate Code and related topics.
MENTIONED IN THIS ARTICLE
Arizona State Law Journal
ASU College of Law
Bonnie Levy Shuman
Shuman
Richard Effland
ASU
Effland
NRLB
Supreme Court
Arizona
Rat population in India far outnumbers people
A recent survey by Indian Agricultural scientist S. S. Kath of the Indian Institute of Socioeconomic Studies in lore estimates India's rat population at 2.4 billion, outnumbering humans five to one and consuming more than eight million tons of food grains annually.
MENTIONED IN THIS ARTICLE
New. Delhi
UPI
India
S. S. Kath
The
Indian Institute of Socioeconomic Studies
Lore
Fountain Hills braces for surge in new residents
Fountain Hills expects a summer influx of residents as the 12 000 acre master planned city continues rapid growth. Dave Dawkins says construction remains strong with 25 single family starts in April and permits valued near 1 million as projections expected 300 000. The Fountain Hills Builders Association oversees design reviews and code compliance while promoting a 24 unit model home tour.
MENTIONED IN THIS ARTICLE
Fountain Hills
Dave Dawkins
Fountain Hills Builders Association
Dawkins
Association
Real Estate Group Chief Urges Nixon to Delay Bank Securities
Joseph B. Doherty president of the National Association of Realtors urged President Nixon to delay CitiCorp and other bank holding companies from offering high yield securities. He warned such offerings could pull billions from the housing market and sidestep savings rate ceilings. He praised Fed Chair Burns for delaying Citicorp’s planned $850 million issue.
MENTIONED IN THIS ARTICLE
Joseph B. Doherty
National Association of Realtors
NAR
Nixon
Citicorp
Doherty
Congress
Arthur Burns
Federal Reserve Board
First National City Bank of New York
Loan ceilings blamed for ownership trouble
Mortgage bankers say outdated loan ceilings block thousands from owning homes. Walter B. Williams of the MBA urges Congress to raise FHA to 45 000 VA guarantees to 15 000 and Fannie Mae and Freddie Mac maximums to about 50 000 to reflect rising housing costs.
MENTIONED IN THIS ARTICLE
Atlanta
American Bankers Association
Walter B. Williams
Mortgage Bankers Association of America
MBA
Congress
Federal Housing Administration
FHA
Veterans Administration
Federal National Mortgage Association
Fannie Mae
Federal Home Loan Mortgage Corporation
Freddie Mac
Williams
Fanniy Mae
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Scottsdale
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