Evening Star Newspaper, January 10, 1925, Page 13

REAL ESTATE. SHORTAGE IN BUILDING GENERALLY Real Estate Survey DECREASING Shows Greatest De- mand Is for One-Family Houses. Rents Are Rising. Continuing decrease in the national bullding shortage is indicated in a general survey of building demands just made by the National Associa- tion of Real Estate Boards. The sur- vey is part of the association's semi- annual survey of the real estate mar- ket. It is based on reports by spe- cial committees of member real es- tate boards In 259 cities of the United States and Canada. The extraordinary activity of the building industry during the year has brought about a decrease in shortage of every type of structure. Another Year of active building operations on such a scale, particularly if directed toward the construction of moderate- Iy priced and low priced dwellings, would make still more marked in- roads on the remaining shortage, the Teport states. Shortage in single reported by 43 family dwellings per cent of the represented. In similar sur- : by the association that of 4, showed 6 of the cities this type of shortage; that November, 1823, showed GS per cent. Shortage in apartment houses [ is reported by 34 per cent of the| cities, as against 41 per cent so re- porting in June, 1924, cent in November, 1923 business structures is reported by per cent of the cities, as against per cent so reporting in June, and 43 per cent in November, 1923, i ci veys m. June, reporting of Shortage Generally Slight. Further significance Is given to these figures through the fact that many of the cities reporting shortage indicate that the undersupply is slight, whereas last year's reports more uniformly indicated a high per- centage of deficiency Overbuilding in some types of strue- tures is reported by 27 of the 2 clties, a little more than 10 per ce Six of these indicate a surplus of all types of structures,, 10 indicate a sur- plus of dwgelling 6 of apartment bulldings and 8 of business buildings. | Last year only 15 out of 241 cities reported any form of overbullding, only one reported overbuilding of all types of structures, 4 of dwellings, 7 of apartment buildings and 5 of business buildings. The great re- maining unsupplied building demand is for small one-family dwellings, the | survey brings out. The largest num- ber of Inquiries are reported for sin- ®le dwellings. If this may be taken as an indlcation of the future market the greatest increase In activity is likely to be in this type of property. Business and investmen: properties rank high in the number of inquiries received, but they are outranked in all but a few cities by the call for single-family dwellings. High build- ing costs have operated to keep down the percentage of building in this type of structure. Any general ac- celeration of business In the coming Spring, such as now seems probable, will bring with it an acceleration in the demand for business structures as well, the association points out. The larger cities are catching up more quickly than the smaller cities | with their building programs. A ver: large per cent of the shortage report- | ed is in small cities. Shortages re- ported by the large cities exist chief- Iy in the suburbs For the country as a whole there exists an enormous shortage of farm structures, the survey states, The shortage may be expected to translate | Washington”: homes. with six miles of improved streets. | a further factor in ¢ itself into building demand as the economic recovery of American farm- ers, already measurably on its way, makes farm building construction possible. Construction of farm dwellings and farm buildings has been practically suspended for the past three yvea An interesting feature of the survey findings is the fact that many small citles report @ shortage of apartment buildings. The ratio of demand to supply here is very high. Changes in the standard of living and in the na- ture of demands for bullding accom- modations are factors involved in constructing an adequate measure of existing shortage. Rents on Rents, for the country as a whole, show a decreasing stabilization. Six- ty-five per cent of the cities report residential rents as stationary. A similar survey made by the association in June, 1924, showed,74 per cent of the cities reporting a stationary con- dition. Increasing rents are reported in 17 per cent of the citles as against only 10 per cent so reporting in June. The apparent tendency shown to- ward higher residential rents may be, in part, seasonal, the report states. Rents are likely to be on the increase at the approach of Winter. Business rents are shown as uni- formly less stable than rents of resi- dential property. Nearly half of the cities, 47 per cent, report business rents Increasing, and only 47 per cent give them as stationary. ‘The most uniform increase in rents, Dboth in residential rents and rents for business properties, is reported in the Southeastern section, where 62 per cent of the reports indicate rising residential rents, and 78 per cent In- dicate rising business rents. The most uniform stabilization in resi- dential rents is found in the moun- tain section, where §8 per cent of the cities show this condition. The sec- tion also has a high proportion of stabilization in business rents, 61 per cent of its cities reporting a station- ary condition in this classification. The highest percentage of stabiliza- tion in business rentals is shown, | however, In the Central Eastern sec- tion, where 65 per cent of the citles indicate no change. A condition of decreasing residen- tial rents is reported most strongly from the North:Central section. per cent of the cities of this secti report. In business rents the cities of the South Central section show the greatest proportion of decreases, with 86 per cent so reporting. Stability In Larger Cities, Residential rents have become sta- bilized to the largest degree in the larger cities. Eighty-one per cent of the cities of over 250,000 population report such stabilization. Building shortages reported by citles of this group In the association’s inquiry as to this side of the real estate market uation were commonly of only one type of structure. Apparently the larger cities are catching up most quickly with their building needs. The rent scale is adjusted to the market more quickly in the larger than in the smaller cities, and this is eating greater stabflization here striking fea- ture of the report is the fluctuating rental market shown in cities under | 100,000 population. Here the most uni- form increases are shown, and also the largest percentages of decreases. ‘Massachusetts Park most beautiful residential section of detached Containing seven million feet of forest-covered land, Includes what remains of The Triangle of Increasing Values —between Connecticut, Massachusetts and Cathedral avenues. Over 200 homes from $15,000 to $200,000 built and under con- struction. $8,000,000. \Wooded villa homes, with lots from 50 to 11 St. and Cathedral Ave. Actual improvements and home values exceed sites, lots, central and side hall 5 feet front. Park Office, 32d Middaugh & Shannon, Inc. DSTABLISHED 1899 Riggs-Semmes Bldg., Dupont Circle, Potomac 2200 Facts That Command The finest wdrkmanshi Our New Woodley Park Homes REPRESENT Unquestionably the best location in Washington. p and material obtainable. The price of these distinctive 8-room, 3-bath, heated garage “Homes” is not more than that of 6-room houses, Inspect Exhibit Home 2721 Woodley Place N.W Furnished by The Palais Royal To inspect—Motor over Cownecticut Avenue Chase car to end of Calvert Calvert Street—one short houses, or phone ficld offices, auto service. and Calvert Street, block on Woodley the Million-dollar Bridge to or take Chevy Street Bridge. North from Place to N. 2150 or Col. 4946 for free “ZJYIDU SLAPIRO CO 010 1 ™ _tieel n in 1140 'HE EVENING STAR, WASHINGTO S Al w9 A Large Bungalow For Spacious Lot Stucco and Stone Combine to Lend Interesting Va- riety and Charm. Modern architects have found that with a combination of materials they can gain an interesting quality or, as they say, technique. Fine color modu- lations may be had also, as well as the technique that gives distinction Stone and cement, though often of a similar color, have a very different qualjty, take the light differently, grow a different color in shadow and mellow differently with age hus by combination a variety of tone is galned which prevents monotony Color and texture is influenced als the wood used in the windows, roof, etc. Bungalows will always be favored | by some householders, for they are | commodious and comfortable and per- | | i « LIVING-ROOM - te-azzs’ mit of a most pleasant arrangement of rooms. Though, of course, the large bungalow takes more space on the lot and also requires a larger and, therefore, more expensive roof. RBut for the owner who has a big bulld-| na¢ here are three distinct groupings ing site where every square foot| does not need be jealously con-!of the group—living, served, the low spreading house is|sleeping and working divisions—be- very appealing. | in separated from the others The bungalow illustrated today || & ¢ halls. As one enters the main hall would be especially good for a Sum- mer home or a round home in|through the vestibule. an uninter- the country. It really should not be|rupted view is obtained into the liv- considered except for a very roomy |ing room at the left and the dining room at the back. This gives an ex- plot with good trees The exterior departs most interest- | ceptional effect of space and beauty The living room is well lighted by ingly from the ordinary. In the first place, the great stone piers at the end [ two large groups of windows as weil and in front are buttressed, which|as by small windows on elther side of the large fireplace. The give a nse of permanence as well as charm of line. The house looks as | room also boasts two large groups of though it had fixed its roots deeply in | windows through which views of the the earth like some tree. The l;ll‘golfifi!’fi-‘n may be had. Thus color and zroups of windows suggest cheer |sunshine are assured these two rooms within, The roof is of shingles and | The main hall is of generous size and could be laid to imitate thatch if|from it leads a narrow hallway to th desired. All exposed woodwork should | three bedrooms, study and bath, A be stained the predominating color |doorway also leads of the stone hall into the service part of the house A glance at hows | By clozing the door between the o lo rooms, each by floor plan WANTED SALES MANAGER | Executive Live Wire. Must Be o— the Organizer Producer Apply ZJo/IPU SUAPIRO CO » «N\W2 V9 1150 Realtors—Builders PETWORTH DUNIGAN-BUILT HOMES INSPECT SUNDAY 4312-14 2nd St. N.W. (Between Varnum and Webster Sts.) An Extra Lot in Rear Goes With Each House PRICES $9,250 $9,350 We Believe This to Be the Lowest Priced 20-ft. Home in the Northwest CONVENIENT TO EVERYTHING No Better Transportation Anywhere TERMS Take “Soldiers’ Home” car to 3rd and Upshur and walk north one block, then one block east, or take bus to “Grant Circle” and Varnum and walk to 2nd and Varnum, or call us to show you these home: D. J. DUNIGAN, Inc. 1319 New York Ave. M. 1267 dining | from this narrow | | dresser - DINING T M- 0413~ and small hall obtained in the A study has a |den at the back of the house, though t and privacy are sleeping roon been placed between the two bedrooms which might serve as a quiet room This room dren for the school chil- is large enough to A wide luwn for dignity, trees for beauty, vines for charm and plants for color will make thi delightful home for those who have a suitable plot. Note the artistic design of the interior, the convenient arrange- ment, ample closet space and triple division of living, sleeping and working quarters that makes for comfort. hold an extra cot when an overflow of | guests 1s bath is easily the bedrooms, present. make a charming reached and each room It would sewing room. T} from any of is amply supplied with closets and windows The kitchen is well placed for cor venience and in the pantry is a sink | for the washing of the dining room There space dishes. pact yet complete. is ample closet and The kitchen is com- An icebox is In |to Real Es 10, 1925. lead directly from the kitchen; this| objection is overcome by introducing the little entry. Her room is thus| quiet and retired, yet within | nient reach. A house, no matter how perfect In! design, 1s improved or marred by its setting. The first essential of beauty | is to see that the housec is properly placed on the lot. It should be so ar- ranged that the best views can be| had from the porches or sitting)| rooms, and such matters as the posi- | tion of the garden and garage (if there is one) given careful considera- | tion. The beauty of the house is in- creased if gteat trees throw their shade upon it; the dignity of & hou is intensified if a wide space of lawn | separates it from the street There is an advantage so far as privacy is wcerned in having the flower gar- conve- sometimes the shape of the lot pre- vents this and the garden must there- fore bg placed on the side. The heasurements on the plan will tell you exactly the number of feet wide this house is and also the num- ber of feet deep. Now add to this measure enough land to make a splen- did lawn or garden, and your lot will be the proper size to fit the house. Planting properly will add commodious bungalow a much to this house and should be given much consideration Since the prices of material and labor vary so materially in different localities we do not attempt to give | an estimate as to cost, but suggest | that you consult your local buflder, who can glve you detailed informa- | tion as to the costs of your needs to be installed in this design For information as to the obtain- ing of building plans of design No. send & stamped, addressed envelope tate Editor, The Star. (Copyright, Georgs Matthew Adsms.) 1924 Record Year. ireater quantity of materials was | an eniry near the service porch. From | consumed by the construction trades | this entry object 77 77777 T 7L is a door maid’s room and bath. having leading Many the maid's people to the|last year than ever before in the his- tory of the building industry, various | room | surveys show | showeq .REAL ESTATE. CONSTRUCTION IN 1924 TOTALS $5,000,000,000 F.W.Dodge Corporation Survey Reveal Record-Breaking Building BoominY ear Just Closed—1925 Outlook Brighit. 50 per cent year since the war that s mal ratio of contemplated contracts awarded. This ind smaller relative volume of work deferred for the than there has been at an The vear just past was another rec-| ord-breaking building year, according 10 a report by the F. W. Dodge Cor- | poration. Total contracts de during the vear in the 36 Lastern| States (which include about seven-| eighths of the total construction ume of the country) amounted to $4,- | the war. 481,507,000; Indicating that the total| Increased demand volume for the entire country was well | buildings, public over $5,000,000,000, ding to the F.|and the smaller W. Dodge sur The increase over | builfings suitable 1923, which was itself a record-break- | ing classes is lik ing year, was 12 per cent. Construc-|new year progresses tion activity was maintained at the other types of fairly even pace throughout the y the moment been I the volume of work started during or this res the second half being only slightly likely that the less than that started during the first | can again break all half. Even the month of December, |or even equal the with a building contract total of |of last year 85,900, showed a % per cent in-| Contracts crease over December, 1923, although | ber in New t month dropped 14 per cent from | New Jersey amounted November. 800. This was a decre | cent from November from December The year's total tracts this distric the mous an increase o Tatial hulidinee | which. was {le lential bulldings, | 1 . gidential 543,400, accounted | tlel for 46 per cent of the 1924 total and | e a 12 per cent increaxe over Public works and utilities in nounted to $723,910,700, 16 per |y cent of the year's total and a 10 per | >0 ¥ & nad ot cent gain over 1923 Commerclal | PUVIC works and ut buildings amounted to § 8,300, 13 | 0 0 B2% 005 000 per cent of the total and 15 per cent | 't ST #ain over the previous year. Educa-| i rne oo o tional buildings amounted to $367-| 464100, Since this 438,900, § per cent of the total and 15 | puer tie per cent gain over 1923 [ 1924 construetior Contemplated new work reported in | nearer filling the 1924 amounted to $6,6 700. This was | construction than about 11 per cent under the volume of | did, leaving no newly planned work reported in 1923, | made up as there It exceeded the total of work actually | December building started in 1924 by 48 per cent, the w England amounted normal excess being somewhere p.,”‘ - Last year was the first owed a nor anned vol- types of for the and for a for T buildings has gely taken care ilding pr York State The big increase was shared by every of construction except dustrial buildings la to $353,145,400, anly Tume class | in in building v important industrial t year am t of the P S per ce eno and a 1923. F mounting to $2,05 or curr the previc h d was a year ago contract n $27,264,- (Continued on Fourteenth Page.) Wesley Heiahts Is An Exclusive Section of DETACHED HOMES EACH ONE OF WHICH IS OCCUPIED BY ITS OWNER A This Fact Alone Assures the Stability of the Community Exhibit House Open Daily To reach Wesley Heights—By motor: Drive out Mass. Ave., cross over Wisconsin Ave. and turn to left into Cathedral Ave. which leads to property. By trolley: Get off at Wisconsin Ave. and Macomb St. and take free bus to Wesley Heights. « W. C. and A. N. MILLER REALTORS 1119 17th St. MAIN 1790 18 Completed— More Under Construction —10 Already Sold PARTELLO BUILT The HOUSCS AREFULLY CONSTRUCTED of selected materials, these modern Homes are designed to give lasting satisfaction and enduring value! Tapestry Brick Wide Porch Attractive Entrance Large Living and Dining Rooms Bright Kitchen Built-in Cabinet Porcelain Sink 3 Large Bedrooms Tiled Bath Linen Closet Numerous ‘Windows Wi XHIBIT HOUSE 3734 Ninth Street Northwest Open and Lighted Sleeping Porch Brick Garage Dry Basement H.-W. Heat Wash Tubs Rear Porch Roomy Yard Hardwood Floors Fine Lighting Fixtures Woodwork Closets in all Bedrooms First Pa e Enameled M. 15th and K Sts. $500 $75 a Month Total Price, $8,750 S. PHILLIP Exclusive Agents The Location HESE HOMES are the NEAREST TO THE DOWNTOWN DISTRICT of any new houses now on the market! . A splendid new brick public school is just ONE BLOCK AWAY, and stores, churches, amusements, etc., are right " at your door—while yet sui- ficiently removed to preserve the resi- dential excellence of the street Two car and two bus lines are nearby, and it is a short and pleasant drive into town via Sherman and Vermont Avenues. A marked and steady development is taking place along ~upper Georgia Avenue, and ownership of one of these ideal Homes is a SOUND INVEST- MENT in enhancing property values! yment Drive Sherman Ave. to Georgia Ave. and Quincy St., then turn one-half square west to houses. Or take Ga. Ave. car to Quincy St. out Main 4600