Word: wenzlick
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HOUSE prices will drop sharply in the next four years, predicted St. Louis' Roy Wenzlick, one of the real-estate industry's top economists...
...builders got a pleasant surprise. Housing starts were at the rate of 950,000 a year; materials were so plentiful that builders will be able to put up all the houses they can sell. The big question now is: How many can they sell? Said Real Estate Economist Roy Wenzlick, a top expert in the field: "I think the real-estate boom is starting to get tired...
...most studied estimate of the future came from Roy Wenzlick, the house-building industry's top economist. Said he: "You will build between 7 and 10% fewer dwellings than in 1948. I expect the total . . . will be 850,000." Wenzlick also predicted that construction costs will drop slightly in a few months, a little more later in the year, and then level...
...building starts to boom-the second phase. Feeding on itself, the boom creates demand for additional office space and commercial buildings, the third and final phase of a great boom. "Soon after the peak in commercial building is reached, the feverish activity of the boom will subside," says Mr. Wenzlick. "This period is probably ten years distant. Vacancies will again increase and rents will drop. All indices will again turn sharply downwards...
...last part of his pamphlet Researcher Wenzlick suggests "what to do about it." Some Wenzlick advice...