Word: upturn
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...number of housing starts rose 14% from April, to an annual rate of 1,126,000. That was the first significant upturn after a shocking plunge. From an annual rate of about 2.4 million in 1972, housing starts had nose-dived to a yearly pace of only 880,000 by last December; in the first four months of 1975, starts stayed flat at a bit below 1 million. Carla Hills, Secretary of Housing and Urban Development, said that the May figures "seem to indicate that a recovery is under...
Checkered Upturn. Building experts quickly added: Not much of a recovery. The May rate, though the highest in eight months, was the lowest for any May in 28 years. In addition, the pattern of the upturn is highly checkered. Single-family home construction is picking up on the Pacific Coast and throughout the Midwest, but in the Midwest, at least, the market for apartment buildings remains slack. In the South the recovery has not been felt...
...recent upturn in the market is a hopeful sign, and this week should be a very good one for the Fund. But after falling 16 per cent short of its estimated income last year, the Fund still has a great deal of ground to make...
...economic indicators" headlined two weeks ago in The New York Times supposedly snow that the upturn is imminent, but for Harvard's portfolio, the swing back to pre-depression value appears to be well under...
Foreign moneymen have hope that the dollar may be nearing the end of its decline-especially if prospects for an upturn in the U.S. economy continue to improve. But nobody expects a strong rebound, much less a return to the robust exchange rates of the 1960s. Too many dollars spilled out by years of U.S. international deficits are still sloshing around the world, and as long as that continues, the once mighty greenback is likely to remain an invalid abroad...