Word: shrinkingâ
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Dates: during 1977-1977
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...pressure of demand on the capacity of the homebuilding industry and an inflexible?indeed shrinking???supply of building lots are pressing up prices. Wartime and postwar babies now starting their own families constitute the prime home-buying group, and their numbers are rising sharply. Between 1970 and 1975, says the M.I.T.-Harvard report, the number of families headed by someone aged 25 to 34 increased almost 18%, to 10.9 million; by 1985 the total is expected to grow 30% more, to 14.1 million...
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