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Housing Slowdown'TemPororY' New Conslruclion Boom Seen

The critical home construction slowdown is only temporary, is partly psychological and will be followed by "an all-time record buildins rate of at least 2 million new units u y"u.,t' one of the nation's top building materials industry spokesman has forecast.

W'illiam H. Hunt, Portland, Ore., executive vice president of Georgia-Pacific Corp., told a meeting of the Pacific Northwest Advisory Board that "many potential home buyers now are being frightened out of the market by scare talk concerning mortgage interest rate increases."

Such increases in many instances amount to less than the cost of a pack of cigarettes a day, he pointed out, and even that is re' duced with each monthly payment.

"We should return to selling rather than gloom peddling," he der:lared. "Rising pro' duction costs built into our economy should be of much more concern to those now delaying a home purchase."

Hunt criticized members of Congress who have boosted already-high budget re' quests for non-emergency programs, label' ing such spending "a major cause of tight money." He praised the administration's recent moves to help curb deficit spending.