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(Studio) Impact of interest rates on home building industry noted.
REPORTER: Frank Reynolds
(DC) No. of home building industry employees expected to lose jobs this year noted. [Builder Bud CHAMBERS, Massachusetts Institute of Technology professor Bernard FRIEDEN - testify before Senator Small Bus. Committee] Possibility of hsing. starts falling to World War II levels considered. [Committee member Senator Orrin HATCH - comments.] Ind. spokesperson said calling for emergency legislature helping individuals with home mortgages. [National Association Home Builders president Merrill BUTHER - comments.] Home builders reported asking Secretary Moon Landrieu to declare emergency; details given.
REPORTER: Bernard Shaw
- Reynolds, Frank;
- Shaw, Bernard
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