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Housing Starts / Home Sales #247488

CBS Evening News for Tuesday, Aug 17, 1976
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(Studio) Govt. says housing starts declined 9.2% last month, more than in 1 1/2 years Shortage of new homes has forced up prices of existing ones; %s noted.
REPORTER: Charles Collingwood

(Ridgefield, Connecticut) New home construction down, but sales of existing ones up. [Home relocation adviser James KEANE - says not enough housing to meet demands.] Prices up considerably,especially in areas with industry [Real estate agt. Raymond HASTINGS - says 1-1/2 years ago few homes in Ridgefield over $100 thousand; now inventory is 25% of homes over that amt.] Realtors say no limit on higher prices in sight.
REPORTER: Mitchell Krauss

Collingwood, Charles;
Krauss, Mitchell

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