Running in its own cyclical groove, which is about twice as long as that of the general business cycle, the building industry last year recovered to about the 1931 level. Since the peak of the last boom was hit not in 1929 but in the middle 1920s this recovery was spectacular only in comparison with its incredible Depression prostration. F. W. Dodge Corp.'s figure for all types of construction in 1936 in the 37 States east of the Rocky Mountains was $2,675,000,000 as against $1,844,000,000 the year before, $1,255,000,000 in 1933. Residential building, which...
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