Columbia Missourian 1966-08-18 May Go Even Lower |
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May C Go Even Lower Lowey Housing Starts Dip To Lowest Since 60 0 WASHINGTON AP Hous Hous- Housing Housing Housing ing starts a major economic barometer dropped barometer dropped again dur duro during ing fog July to the lowest level since the depths of the 1980 re reo recession re- re recession cession the Commerce Depart Depart- Department Department ment meat reported today There were indications the level would go even lower The department said housing starts dropped dropp d per cent to toB toa toa a B seasonally adjusted annual rate of the lowest since December 1930 1980 The department reported an M- another Mother another other drop during July in the issuance of building permits a factor which indicates a tl further drop in housing starts for Au Au- gust We dont don't like it was the immediate reaction of the Na Na- National National Association of Home HomeBuilders HomeBuilders HomeBuilders Builders which has haB contended for months that its it's been the sacrificial lamb for the admin administrations administration's administrations administrations inflation anti pro- pro program gram The home borne builders have blamed the right money market for their plight They contend high interest rates and tight money have siphoned funds fun d s away from home mortgages and into other outer fields This is i not the and end cf of it tt one association spokesman said today e 8 0 0 At the beginning of the year housing starts were st at t an an tn annual annual nual rate of They dropped in February but rose again in fn March to an annual rate of The rate has declined steadily since In the six months from Feb Feb- February February nary through July housing starts were 12 per cent below ool W the previous six months and 11 per cent below July February-July 1965 1005 the department said a 0 a 6 aThe The decline in July starts was general throughout the country the department reported The drop was from to in the Northeast from to in ia the North Central states from to in inthe inthe inthe the South and from to in the West The department said building permits issued ia in July would authorize auth construction of new Dew privately owned housing units equivalent to a seasonal seasonal- seasonally ly adjusted annual rate of units The rate during June was permits on an an an- annual nual aunt basis
Object Description
| Title | Columbia Missourian Newspaper 1966-08-18 |
| Description | 58th Year, No. 284 |
| Subject |
Columbia (Mo.) -- Newspapers Boone County (Mo.) -- Newspapers |
| Coverage | United States -- Missouri -- Boone County -- Columbia |
| Language | English |
| Date | 1966-08-18 |
| Type | Newspapers |
| Format | |
| Collection Name |
Columbia Missourian Newspaper Collection |
| Publisher.Digital | University of Missouri Library Systems |
| Rights | These pages may be freely searched and displayed. Permission must be received for distribution or publication. |
| Contributing Institution |
State Historical Society of Missouri University of Missouri--Columbia. School of Journalism |
| Copy Request |
Contact the State Historical Society of Missouri at: (800) 747-6366 or (573) 882-7083 or email contact@shsmo.org. Some fees apply: http://shsmo.org/research/researchfees |
| County |
Boone County (Mo.) |
Description
| Title | Columbia Missourian 1966-08-18 May Go Even Lower |
| Date | 1966-08-18 |
| Type | article |
| Collection Name | Columbia Missourian Newspaper Collection |
| Item.Transcript | May C Go Even Lower Lowey Housing Starts Dip To Lowest Since 60 0 WASHINGTON AP Hous Hous- Housing Housing Housing ing starts a major economic barometer dropped barometer dropped again dur duro during ing fog July to the lowest level since the depths of the 1980 re reo recession re- re recession cession the Commerce Depart Depart- Department Department ment meat reported today There were indications the level would go even lower The department said housing starts dropped dropp d per cent to toB toa toa a B seasonally adjusted annual rate of the lowest since December 1930 1980 The department reported an M- another Mother another other drop during July in the issuance of building permits a factor which indicates a tl further drop in housing starts for Au Au- gust We dont don't like it was the immediate reaction of the Na Na- National National Association of Home HomeBuilders HomeBuilders HomeBuilders Builders which has haB contended for months that its it's been the sacrificial lamb for the admin administrations administration's administrations administrations inflation anti pro- pro program gram The home borne builders have blamed the right money market for their plight They contend high interest rates and tight money have siphoned funds fun d s away from home mortgages and into other outer fields This is i not the and end cf of it tt one association spokesman said today e 8 0 0 At the beginning of the year housing starts were st at t an an tn annual annual nual rate of They dropped in February but rose again in fn March to an annual rate of The rate has declined steadily since In the six months from Feb Feb- February February nary through July housing starts were 12 per cent below ool W the previous six months and 11 per cent below July February-July 1965 1005 the department said a 0 a 6 aThe The decline in July starts was general throughout the country the department reported The drop was from to in the Northeast from to in ia the North Central states from to in inthe inthe inthe the South and from to in the West The department said building permits issued ia in July would authorize auth construction of new Dew privately owned housing units equivalent to a seasonal seasonal- seasonally ly adjusted annual rate of units The rate during June was permits on an an an- annual nual aunt basis |
