Facts & Figures, Jul. 14, 1947

Hope for Househunters. The Department of Commerce reported that the value of new building in the first six months of 1947 totaled $5,356,000,000, a whopping 40.1% more in dollar volume than in the same period last year. Increases were even bigger in private residential building (63.2%) and public residential building (75.6%). The Department failed to note that 1) increases in volume were chiefly due to an increase of about 25% in prices, and 2) unitwise, residential building was still 25% below expectations.

Snappers. The War Assets Administration received 2,000,000 surplus false teeth from the War Department. It will soon put them...

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