Business: Rising Residences

In 1934, more U. S. houses burned down than were put up. This strange condition resulted from no outburst of pyromania, but from an almost complete stoppage in U. S. housebuilding. In 1925, new homes were built for nearly 500,000 families. In 1934, only 22,000 families were provided with new shelter. Yet even in Depression, which brings fewer marriages and a lower birth rate, the U. S. population was increasing at the rate of about 400,000 families a year. Result: an acute housing shortage demonstrated by the fact that U. S. residences are now...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!