Word: colton
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Dates: during 1980-1989
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...prices would come down by perhaps 5% to 10%. That would please buyers and help to contain the inflation rate but hurt owners with large savings tied up in homes they are trying to sell. Even at lower prices, fewer buyers may be tempted and fewer homes built. Kent Colton, executive vice president of the National Association of Home Builders, figures that housing starts might drop 300,000 units below last year's level of 1.8 million, a matter of concern to the economy because housing construction spurs sales of wood, glass, furniture, appliances and many other goods. Scott Slesinger...
...Colton, Calif...