Quick Quotes for 1989

A random sampling of ideas and opinions

" ...1.37 million housing starts in 1989, a 5 to 60/0 decline from the 1.45 to L50 million starts expected this year."

David Seiders Chief Economist National Association of

Home Builders

"The deficit outlook is more of a moral issue than an economic issue not too likely to cause any economic devastation over the shorter term."

Rudolph Penner The Urban

Institute

"The most profound impact on housing finance will occur in the political and policy arenas."

Martin Regalia Vice President & Director of Research & Economics National Council of Savings Institutions.

"We have reached and passed the cyclical turning point for this downturn."

Cahners Economics

"Residential building will be squeezed in 1989 in both the one family and apartment sectors."

George

A. Christie

Chief Economist McGraw-Hill

Information Services Co.

"Retailers must adjust their expectations. a good performance is not a double-digit gain. It's 60/o or 20/o after inflation."

Rosalind Wells Chief Economist National Retail Merchant Association

"Although radon is well established as a cause of lung cancer, it is not yet clear what the nature ofthe increase in risk is at the lowest levels found in homes."

Dr. Stuart L. Shalat Professor of Medicine and Epidemiology Yale University

"Housing inflation has depressed our economy, frenzied our psyches, divided our society. A turnaround would be nerve racking, but no bad thing."