Quick Quotes for 1988

A random sampling of ideas and opinions

"Housing starts will decline to 1.45 million, down from 1.6 million this year, with single-family just under one million-a drop of some 150,000 units. Multifamily will decline 160/o to about 400,000 units."

Michael Sumichrast Senior Economic Advisor National Association of Home Builders

"Lower interest rates will make the difference between a shallow and a steep decline of construction activity next year."

George A. Christie Vice President/Chief Economist McGraw-Hill Information Systems Co.

"Industry now expects a slowdown in one of its fastest growing markets of the 1980s: repairs and alterations of nonowner occupied housing. Because of high vacancy levels, multifamily starts will decline next year to the range of 300,000 to 350,000 units."

Lynn Michaelis Chief Economist Weyerhaeuser Corp.

"On balance, the stock market crash does not seem to have significantly eroded the confidence of manufacturers."

Jerry Jasinowski Chief Economist National Association of Manufacturers

"However, if I had to pick a year that I would be worried about as far as a recession is concerned, it probably would be 1989, the year after the election."

Kent W.

Colton

Chief Executive Officer National

Association of Home Builders

". . gross national product next year will probably be pulled down. We expect to ride it out."

Beryl Sprinkel Chairman Presidential Council