Experts split over money for home buying this year
Washington sources report government economists expect a fall in mortgage rates this year though the decline may be modest. Some short term rates have eased amid looser policy, while warnings persist that mortgage costs could stay high before easing.
MENTIONED IN THIS ARTICLE
Washington
UPI
Treasury
Federal Reserve
Martin
Savings and Loan Associations
Woodward Kingman
Government
National Mortgage Association
Budget guru backs surplus plan to spur housing growth
Charles L. Schultze argues for a yearly budget surplus of about 10 billion dollars to free private funds for home mortgages and to boost housing to over 4 percent of GNP. He says surpluses aid monetary policy, lower rates, and could refinance or buy mortgages as part of a broad housing strategy.
MENTIONED IN THIS ARTICLE
Washington
UPI
Charles L. Schultze
Schultze
Paul W.mcgracken
Security system cuts theft at construction sites
The Great Southwest Corporation in Newport Beach California reduced losses to zero with an electronic security network. A scanning system with CCTV camera speakers and lights covers the entire site and a single guard can monitor a whole project. Signs warn intruders the area is electronically protected.
MENTIONED IN THIS ARTICLE
Great’ Southwest Corporation
Newport Beach
Calif
Professional Builder Magazine
GSC
Household formations outnumber homes in US housing outlook
UPI reports market researchers forecast the housing gap will widen as new household formations outpace new homes built. By 1980 about 26 million more people will need housing, with 70 percent in 12 major cities using only 10 percent of land, says Allan Cox of Owens Corning.
MENTIONED IN THIS ARTICLE
Toledo, Ohio
UPI
Allan Cox
Owens- Corning
HUD targets block busting in housing racial abuse crackdown
HUD official Samuel J. Simmons announces a new push against block busting in real estate. He cites 1968 Civil Rights Act as outlawing the practice and urges homeowners to refuse sales while assisting complaints to the Justice Department. He notes brokers’ role and calls for cooperation with legal real estate boards to curb the illegal tactic.
MENTIONED IN THIS ARTICLE
Washington
UPI
Department of Housing and Urban Development
HUD
Samuel J. Simmons
Equal Opportunity
Simmons
Justice Department
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eLeasing
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