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RISING LOAN RATES THREATEN JOBS: BUILDERS
[NORTH SPORTS FINAL, CN Edition]
Chicago Tribune (pre-1997 Fulltext) - Chicago, Ill.
Author: Associated Press
Date: May 7, 1994
Start Page: 14
Section: HOME GUIDE
Abstract (Document Summary)

Home builders complained to senators that rising interest rates are threatening their livelihoods.

Kent W. Colton, executive vice president of the National Association of Home Builders, said last week that mortgage rate increases so far this year already have trimmed construction payrolls by 80,000 jobs.

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