CBS Evening News for Friday, Sep 17, 1976
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(Studio) Hsing. starts rose in August 11%; biggest increase since February Building permits up 7%. Expenses in home building so high that buyers have increasingly turned to pre-fab homes and are doing work themselves.
REPORTER: Walter Cronkite
(Niskayuna, New York) Case of Russell Martindale as pre-fab home buyer cited. [MARTINDALE - says he and wife decided only way to do it was do it 1st time way they wanted.] Report on pre-fab industry [Northern Homes Vice President Joseph CARUSONE - notes rise in buyer participation in building homes.] Financial procedure noted. [1st National Bank Vice President George REGER - says they have few collection problems with this type mortgage.] Time required and mistakes made noted. [MARTINDALE - cites some mistakes.]
REPORTER: Sam Chu Lin
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