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Economy / Income and Housing / Defective Homes #262124

CBS Evening News for Friday, Feb 16, 1979
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(Studio) January figs. for personal income, hsing. starts and building permits noted. Econs.' report that home building is usual hit 1st if recession is coming stated. Report is on people who have bought homes and find them unsatisfactory.
REPORTER: Walter Cronkite

(Northeastern Massachusetts) Scenes from Laurel and Hardy movie "Finishing Touches", courtesy Richard Feiner, Incorporated, shown. 5000 lawsuits reported brought by homeowners in 1 year chging. sloppily built homes. Exs. given are group of condominiums whose owners refused to appear on camera, fearing they wouldn't get money back as result of publicity. Descriptions given of building problems in these and other homes. [Building inspector Phillip MONAHAN - says bleaders try to cut expenses in hses. so they can be sold. Comments on situation.] television ad shown with regard to Home Owners Warranty insurance plan; details about plan given. Homebuilders' reactions to chgs. stated. [Builder Dwight RICHARD - comments.] Outlook for future conditions, in view of economy situation, discussed.

Brady, Ray;
Cronkite, Walter

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