Business: Running Out of Insulation

A shortage warms up, and price-gouging begins

Like many other U.S. homeowners, Allan Coleman of Staten Island, N.Y., found that his heating bills climbed out of sight last winter. When President Carter in April proposed homeowner tax credits for installing insulation, Coleman figured he could at least afford to make his four-bedroom house more energy efficient. But when he went to the lumber store to buy 750 sq. ft. of fiber-glass insulation for his attic, he could not get one square inch. The store had been sold out for weeks, and no one had any idea when new shipments would arrive. Gripes...

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