Finance: Building Decline

Some slowing down in building is apparent from mounting prices for construction materials and growing restlessness of both skilled and unskilled labor. New contracts are expected to begin to decrease by July next. This may not be an unmixed evil, since the volume of construction now scheduled is sufficiently great to absorb all skilled labor and materials. The question is, whether building prosperity, can be stabilized and its duration extended at present price levels, or whether we shall have immediately increased profits, followed next fall by a slump.


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