Business & Finance: Building Shortage

Despite the unprecedented amount of construction in the past few years, it is claimed by S. W. Straus & Co. that a $4,000,000,000 building shortage still exists. The firm in question has conducted a survey of national scope in all cities over 10,000 population. Out of 528 cities studied, shortages in 389 totaled $4,050,820,000—$2,102,698,500 of it residential, $1,130,851,500 commercial and $870,270,000 for public buildings. The remainder cities revealed no existing shortage. Moreover, in some sections of large cities, a condition of surplus rather than shortage was revealed, although the whole city...

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