Word: haverstick
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Dates: during 1950-1959
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...need for it was underlined by the soft spots in the nation's business, and the blame for them fell on the Federal Reserve Board's tight-money policy. In Washington, Joseph B. Haverstick, president of the National Association of Home Builders, noted that the mortgage squeeze had caused a 20% drop in April housing starts. "The trend is still sharply downward," he said. "Unless there is some immediate improvement in the financing picture, the outlook for the remainder of the year is not hopeful...