HOUSING: Contrary to Rumor

Ever since President Truman restricted housing credit a month ago, the building industry has been in a sweat. The Government was going to halt all house construction, so the rumors went, or at least impose such stiff controls that only Government-financed housing would be able to get materials. In Washington last week moonfaced Thomas P. Coogan, president of the National Association of Home Builders (17,000 members), and his executive committee sat down with federal officials to find out just how hard housing would be hit by rearmament.

In two days and most of one night of conferring, sustained by...

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