Termites Put Bite on Homes to Tune of $750 Million
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NEW YORK — Americans are being eaten out of house and home by termites to the tune of about $750 million a year, according to a home inspection service.
“Although the figures for the number of homes infested each year in the United States vary,” says Kenneth Austin, chairman of Housemaster of America, “government sources put the estimate at about 2 million homes.”
Austin adds that, “While these wood-boring insects thrive in all sections of the nation, the South has been under siege in recent years by the Formosa termite from China, Japan and Formosa. These voracious borers can do major structural damage to a home in three months.”
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