Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
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From all indications, 1977 will break all records in single home construction and existing (resale) home sales. Current statistics point to a record 3.4 million existing home sales for 1977 topping the old record (1972) of 3 million. New housing starts will reach the 1.4 million mark, passing 1972’s record of 1.3 million starts. However, there is still not an abundance of properties available as demand continues to more than keep up with supply.
One of the major reasons for the tremendous growth in the housing market has been the availability of mortgage money at a favorable interest rate. Although loan money is still available, indications are very clear that interest rates
91.9%