Business & Finance: Construction .Goes Ahead

Construction Goes Ahead

Possibly the most encouraging recent development in business has been the progress made by the construction industry in continuing its building program with stabilized wages and a downward tendency in material prices. After the general abandonment of new building this spring (TIME, May 28), when construction costs were rapidly mounting, the labor situation became easier. Now, instead of attempting to overdo production, the industry is apparently entering a period of steadier and less expensive even if slower construction. An analysis of the country's building requirements shows that the present demand...

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