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(Studio) Cost of housing rising fast. Lumber prices skyrocketing. Cost of Living Council takes action to avert further rises in lumber prices by opening up more land for logging.
REPORTER: John Chancellor
(Bethesda, Maryland) [Real estate agent John FOLEY - says house that sold for $37,000 when new in 1966 sold in August for $56,000. If sold again now would be priced at $64,500.] [Builder Emil KEEN - cites lumber price rises in last 18 mos. All prices have more than doubled.]
REPORTER: Irving R. Levine
(Schaumburg, Illinois) Land and construction costs cause great increase in house costs in Chicago area. Middle income people can't afford new hses.
REPORTER: John Dancy
- Chancellor, John;
- Dancy, John;
- Levine, Irving R.
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