Economy, housing are on an even keel, say experts at construction conference. (speakers address residential construction industry outlook for 1997 at National Association of Home Builders conference)

Air Conditioning, Heating & Refrigeration News, January, 1997

Speakers addressed the 1997 outlook for the US economy and for the residential construction industry at the National Association of Home Builders (NAHB) conference. Economic growth is expected to continue at a steady pace of about 2% in 1997, which should ease fears of inflation. The NAHB estimates that housing starts in 1996 will have rise nearly 8% to reach 1.459 mil, but will fall 7.4% to 1.352 mil in 1997.

Washington -- Recent fears that robust growth in housing and the economy during this year's first half would lead to higher inflation, rising interest rates, monetary tightening, and eventual recession, have largely been dispelled by reports of cooling conditions from builders and the governments, according to analysts at the National Association of Home...

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