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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Dec 27, 1977
Page
6
On the eve of another tax season small businesspeople face complexities from new tax reform laws. CPAs tax lawyers and enrolled agents offer planning and returns services to reduce future taxes and advise on form of organization.
Americans push housing starts toward 1.95 million for 1977 amid a shift in lifestyle. Strong construction, rising home values, and demographic bulge postwar generation drive single family gains, with some experts warning of possible 1978 slowdown and regional imbalances.
Bertram R. Schewel announced plans for a new full service Schewel Furniture store in Roxboro North Carolina. The 12,000 square foot building on Gordon Street will replace Piedmont Technical Institute Administrative Offices and make the Roxboro location the 19th Schewel unit. The company dates back to 1897 in Lynchburg Virginia and operates multiple stores across Virginia and North Carolina.
New York AP reports savings and loan associations posted their best year ever in 1977 with mortgage lending surpassing 79.4 billion by nine months and deposits rising about 50 billion to 380 billion. Housing starts near 2 million and 3.5 million existing homes boosted demand while 1978 may bring tighter, pricier loans due to higher short term rates.
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