The continued high cost of construction has, along with the downward tendency of rentals, apparently placed a damper upon construction. Bradstreet's report, covering conditions in 152 cities throughout the country, shows that, compared with $224,624,218 of construction for August last, the value of construction last September in the same cities amounted to $198,942,935. Part of this decrease can only be accounted for through the fact that there were two more business days in August than in September. The figure for September, 1922, was $181,369,342.
In New York, Los Angeles, Detroit, Cleveland, San Francisco...
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