HOUSING: Phase No. 5

>"The past eight months' experience in building may well be the beginning of a new cycle for construction in the United States—a period that will be greater and longer in building activity than we have ever seen before." So said President Samuel M. Waters of the Mortgage Bankers' Association at a Texas convention last week.

> Some "big outfit" is soon going to "build houses on a belt like Ford and drop them off where the cellars have been dug." So predicted State Comptroller Morris S. Tremaine of New York last week, for...

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