HOUSING: Cutting the Corners

Some 6,000 members of the National Association of Home Builders, representing about four-fifths of the industry, trooped into Chicago's huge Hotel Stevens last week for their biggest convention.

Many of them made no bones about the fact that they were back in a competitive market. The market for the high-priced ($18,000 to $40,000) house was "very slow" in most areas; in many places, building of high-priced houses had stopped.

But the builders were far from downhearted. There was still a tremendous demand from low-income families ($1,800 to $5,000 a year) for cheap...

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