Business: Bellwether Industry?

"Homebuilding may be the industry which will lead us out of the recession," said Nels Severin, president of the National Association of Home Builders, last week.

Severin announced at the association's annual meeting in Washington that.a survey of U.S. home builders showed that they expect housing starts in 1958 to rise 10% above last year to some 1,100,000 new units. The majority of home builders at the meeting thought business is better now than last year; they look for further improvement over the next six months, particularly in the market for lower-priced houses. In...

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