HOUSING: Beginning of the End

Will the nation's house hunters find houses this year? If they do not, said ARCHITECTURAL FORUM in its January issue, it will not be for lack of materials or industry's willingness to put them together. In its yearly building forecast, the first since the war, the FORUM reported that only further rises in costs can prevent an "incredible" year of building.

The total amount spent on new buildings and houses, the survey predicted, will reach a whopping $20.2 billion, some 26% more than last year's record high. Material shortages are easing so fast that "there may even be an oversupply...

Want the full story?

Subscribe Now


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!