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(Studio) Fewer building permits issued.
REPORTER: Harry Reasoner
(Chicago, Illinois) No shortage of new homes. [Regional Federal Home Loan Bank dir. Robert BARTELL - says people just not buying new homes. Will make it hard to turn construction industry around.] 400,000 new homes not sold last yr. [Hsing. consultant Ed HAVLIK - says price rollbacks, special deals, and subsidized financing available.] More mortgage loans available and interest drops. [BARTELL - says economy needs to recover before people buy.]
REPORTER: Greg Dobbs
- Dobbs, Greg;
- Reasoner, Harry
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