Apartment Builder Optimistic: Despite Interest Rates
.No.immediate effects on rcfe-| Gross said, however, the idential building are expectekuiiding industry welcomes</br></br>Jenard Gross, president ofpsts. But he added that build-the National Apartment Assoj^g activity will not be</br></br>The high cost of money, onomic uncertainties and a ortage of qualified person-1 has atrophied our industry d a great deal of our 'strength has withered away,Û the Houston apartment.owner said.</br></br>Gross also pointed out that some suppliers have gone out i of business, especially lumber mills on the West Coast and marginal operators in the home building field.</br></br>ÛÏWhen you lop off 200,000 to 300,000 housing units from previous outputs, someone gets hurts and the pain extends from the contractor alt