Word: builders
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...caught in a terrible dilemma. It is peculiarly vulnerable to inflation; housing is the pressure point at which soaring costs of land, labor, materials and maintenance all converge. But housing is even more vulnerable to federal efforts to fight inflation by restricting the supply of credit, because both home builders and buyers rely so heavily on borrowed money. And a continuing squeeze on credit by the Federal Reserve Board-though a slightly less brutal one than was in effect during the summer-remains central to the Administration's whole anti-inflation strategy. "In this fight against inflation...
Some states and some cities, like some people, are hurting more than others. Michigan has been particularly hurt by the auto slowdown; in Flint, a big builder of Buicks and Chevrolets, the unemployment rate is more than 14%. Delaware, California and New Jersey have also been clobbered, with the inner cities hit worst of all. "In the spring it took 15 minutes to get your unemployment check and get out," says Charles Johnston, an out-of-work carpenter in Trenton. "Now it takes from an hour to an hour and a half." The South still has a lower unemployment rate...
...York's master builder Robert Moses really be worth reading about in a tome far longer than War and Peace? The astonishing answer, in an age when doorstop books have become a plague, is yes-emphatically...
...Quick Profit. What gave Moses even more power was the fact that the city was going broke. Because Triborough had money-an endless stream of toll receipts-the authority could float new bonds and become New York's big builder. Powerful men came as suppliants to Moses. Leaders of the building trades unions wanted jobs-thousands of jobs. Moses could provide them...
...American way, you tell me what is." Barker's postprison rehabilitation program is a central Florida housing project he has agreed to promote along with his break-in partners Eugenic Martinez and Virgilio Gonzalez. The project, dubbed Watergate Hills, is a brainchild of Florida Builder John Priestes, who himself just ended a six-month stint in the slammer for FHA influence buying. The foursome hope to make $7 million to $9 million from the 600-unit complex, but last week their profit margin was shaved when thieves relieved on-site construction trailers of $9,000 worth of equipment...