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- Title
The Demand for Housing in the Mid-1970's.
- Authors
Rensuaw, Edward F.
- Abstract
The purpose of this article is to summarize earlier arguments and respond to a number of interesting questions that have been raised by housing experts. The subject is of more than academic importance since a large quantity of scarce resources could he wasted if corporations tool up to produce fifty percent more building materials and housing starts fail to increase substantially. The analysis begins with an historical review of housing production and then examine some of the assumptions that are contained in the Second Annual Report on National Housing Goals. At least three kinds of considerations lead one to suspect that residential construction has been much greater than was necessary to accommodate post-war growth. About half a million new urban dwelling units on the average were started each year in the period from 1904-1916. Housing starts slumped badly during World War I and did not fully recover until 1922. Residential construction declined sharply in the late 1920's and by 1929 had fallen hack to about half a million starts.
- Subjects
UNITED States; HOUSING; CONSTRUCTION equipment; HOUSING starts; CONSTRUCTION materials; URBAN planning; DWELLINGS &; society; DWELLINGS
- Publication
Land Economics, 1971, Vol 47, Issue 3, p249
- ISSN
0023-7639
- Publication type
Article
- DOI
10.2307/3145055