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Economy / Industrial Production / Housing Industry #257862

CBS Evening News for Tuesday, May 16, 1978
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(Studio) April figs. for industry product and hsing. starts and permits noted. Long-term outlook for hsing. industry is subject of report
REPORTER: Walter Cronkite

(Chicago, Illinois) Contd. skyrocketing of hsing. costs described. [First Fed. Savings and Loan Association of Chicago chairperson E. Stanley ENLUND - states reasons for lack of inventory to meet hsing. demand.] [Home builder William KENNEDY - thinks hsing. will continue to be good for some mos., because of commitments already made, but then by 1st of 1979, people will become alarmed about hsing. costs and will look at situation differently.] Trends in hsing. outlined. [ENLUND - talks of young people's trend of buying hses. in inner cities.] Question of future for mortgage interest rates stated.
REPORTER: Don Webster

Cronkite, Walter;
Webster, Don

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