Evening Star Newspaper, August 8, 1925, Page 16

REAL ESTATE. REALTORS LODKING [*="" FORFAR WEATHER {meeting of the National Assoclation June Was Good Month and Fall Prospects Are Brighter Than Usual. “Yair Weather market for the coi the indication of mar sued monthly by the clation of Real The index fc . just tained. stood at 164. This, despits the natural Summer decline, is onl: four points lower than the fignre for May, and is 17 points higher than the figure for June of The index, cons ric reading for rea & prepared fro from county re boards and membe for sents a_compa the real estate v activity of h the aver 5d of eigh Conditions Favorable. Taking the average numl struments recorded in Ju eight vears as 100, the numbe corded in June, 1925, is represented by the index figure of In other citieS than ge in June. igh the reports show areas of favoralle con n to prevail in a_ma s of the country. Com parison of the trends for the six months show that on the whol line of activity is higher in the pres t year than it wa ar. A ity has been mor ;_distrib. nted throughout the per he phe. nomenal peak of activity in February of last year, however, whan the index reached 183, brings the total number of transfers for the first six months of that year almost equal to the total ! the early part of January { ascer | forcement | May, the | i tion as follows | very active legitimate enterprises in as great, or || Realtors’ Midwinter Meeting to Be Held in Galf City. New Orleans will be the convoca- tion place for the coming midwinter of Real vitation Sstate Boards. A formal in- sm the New Orleans Real | Estate Exchange to hold the meeting | there has just been .accepted by votes | of the executive committee of the as. sociation. The gathering will be in The meeting, which is the annual business session of the assoclation, will be held to formulate policies to be emphasized during the coming year by the national body and its member boards, particularly in d to projected State and national ation affecting real estate, and in regard to the development and en- f professional standards in the bus of real estate. It will pass upon the program of activities to be undertaken by the association and its seven specialized divisions for the year 1926. LEANS SELECTED. |LUMBER PRICE MOVES TO MORE STRENGTH !stockl Are Low and Nation-Wide Increase in Building Helps Outlook. * All species of Jurmber, hoth softwood and hardwood, have materiaaly im- proved their position within the last few weeka, and prices in general trend toward greater strength. says the Re- stocks are low, as yards have been doing a good trade and American Lumberman, tail softwooa Cridkgo, have been conservative buyers. Al as most American cities and towns are taking out many more building permits than last year, while price re- turns from crops are sure to result in heavy Fall consumption on the farms as harvests are completed, lumber re- to be met largely quirements will have by orders on the mills. Plants producing the major soft The increase in this ysar has heen 523 instruments. ‘The inde eal estate market follows very | closely the index of building con- struction. This index ! the F. W. Dodge Corporation, stood six pointe higher in June than in dexes behave very similarly. Real estate activity is, of course, usually followed or accompanied by bullding activity. Both the total number of instra ments recorded and the total amount | of new construction for the firet six || months in 1925 exceed those for 1924. This is pointed out as a strikinz fact, since 1924 was an >xceilent year bath for real estate: activity and for build- ing. There are man ing that the Autumn months will see 4 large volume of new construction, | and general business conditions are || apparently on the dp-grade. General business indications, which point to a continued large volume of real estate || transactions, are citad by the associa- Credit is both abun- the bond market is is available for dant and cheap: money greater quantities than are bein: de- manded: interest rates are low; there rtainty on the hori- prevail throughout of the || paved by | (Il but on the whole the two in-|| | reasons for believ- || STAR, WASHINGTON, D. C, SATURDAY, AUGUST 8, 1925, wood species, Southern pine and Douglas fir, have been forced to cur- tall pro@uction because of fhe low Iovel of prices that prevailed in the first part of this year. But the prin- cipal milis cutting all species of soft- woods and producing 40 per cent of the national total during the first 30 weeks of the vear had shipped a full 100 per cent of thelr production. Prices are, therefore, taking on new firmness, and many items have ad- vanced, but returns are not vet such as to make manufacture attractive to owners of stumpage. So decidedly up- ward, however, is the price trend that buyers have been attempting to place orders at present market levels for fu fused to accept them During the week ended July 25 357 goftwood mills shipped ax much as they cut, and received. orders for 2 per cent more. Southern pine mills booked orders for %.41 per cent more than they cut, and the Douglas fir mills for 6 per cent more, while ship ments in both cases were above pro- ductfon, so that mill stocks underwent further depletion. Orders continue to call for small amounts of many items and rush shipment is almost invaria bly asked, so that enlargement of con nd ture delivery, but the mills have re- | sumption during Fall will be reflected immediately in bookings with the pro- ducers. Hardwood consumption by millwork and flooring plants is especially ac- tics of the automotive, implement industries in- dicate their early entrance into the market. Curtailment has been neces- sary to the Southern hardwood pro- ducers because of low prices, but vol- ume of business continues large, and as stocks decline prices are strength- ening. The Northern, hardwood mills are now shipping almost double their production, and prices of first grades are very firmly maintained. Eeaaiar. oy, If women had more sense there would be more bachelor: wners of sthermakes! trade quichlyfor %Studebaker' {Power Durabulity Finish Ready for Your Ins - NEW HOME OPERATION pection —BROOKLAND— 901-921 HAMLIN STREET NORTHEAST HIGH-CLASS 5ix~Roo|n‘ Brick Homes—Built-in Garages These homes are bein who have been unable to meet prevailing prices. A HOME COMPLETE IN EVERY DETAIL FINISHED IN OUR SUPERIOR MANNER We Will Make Most Attractive Terms g built to meet the requirements of the discriminating families REAL ESTATE. Commerce, in a statement just made H0usma COST 's LAID public, declares that the present high | o o+ (o :TO INCREASED WAGES [cost of housing is due o the “ure.|ome of the balldng crafts in ; 3 city during 1925 than in gny year g A g e e since 1921, acording to the sssocia i, tion. It is pednted out taat there i- hesitancy abait building anythir except emergemicy construction, pub lic buildinge and high-priced Awell ings. be checking cemstruction activity. There has bejsn more idleness amonz to labor and its allie Baltimore. Survey Shows Upwand |, Construction materials, while high, $1909: bt Wuildinp Wipense o | the ussoctation states. hive shown a drop of seven points within the year. Checking Activity. Wages, however, e remained BALTIMORE, August 5.— Following } firm, with a persistent 1rend upward,| Since May, 1923, it is stated. ma @ study of wage rates paid the build- | according to the statement, despite | terials have dvopped. 13 per cen! ing crafts during the 12 vears since [the almost prohibitive level of build-| while wages im the crafts have ad 1913, - the Baltimore Association of 'ing ceosts, which now are declared to | vanced 18 per pent QT e e e For Quick Sale Two Moderately Priced Homes, Each 6 Rooms and Bath—Dutch and English Colonials - Lots more than one-half acre each. Wise restrictions assure a congenial home-owning community. Near two pikes, but no through traffic. Free of dust and noise. IDEAL FOR CHILDREN. Plenty of play ground. Trees. number for the cc period | t vea tructure; the farner is a better position financially than nis ve- [he has been for many seasons. While he first | crops are poor in many sections, on Dur- | the whole a large crop will probably 4 there | be harvested for a market which will ecorded. | readily absorb it i Built by our own day labor, largely of lumber cut by ourselves and seasoned since 1922, We are offering EXCEPTIONAL VALUE for the price. Come out Sunday early before they go. Spring and Argyle Golf Clubs. Hopkins-Armstrong, Inc. To get there—Georgia-Alaska Car on 9th St = then a short distance up Brookeville or Colesville Pike to Spring St ville Pike and Noyes Drive _R.lonnbh_Cuh and Small Monthly Payments After Inspection You Will Be Convinced of Their “Superiority and Value” lake Rhode Island Ave. cars to 12th st and walk north to Hamlin, west one block to houses or phone Main 2990 for auto service. 3 CHARLES M. WALLINGSFORD JAMES A. CONNOR Builders and Owners 1039 Woodward Building num eorded in the 4 ®iX months of 19 ing the were 86 On the way to Indian Telephone Main 2990 Or drive out 16th past Silver Spring Office at Brooke O Brokers—Please Take Notice! This new group of four houses for sale in Cleveland Park section, Nos. 3500-02-04 and 06 Rodman St. N.W. To inspect, go west on Porter Street from Connecticut Avenue or east from Wisconsin Avenue to 35th Street, and then two blocks north. O City Conveniences with Country Environment One of the Available Homes Six rooms, bath. oak floors and oak trimming ; large open fireplace. built-in refrigerator, heat, gas stove: electric The Exhibit House —completely furnished in Colonial Period by Dulin & Martin’s Decorative Dept. 4331 Cathedral Ave. Pesley IHrights —tempts with its picturesque environment—but persuades to purchase with its practical advantages. It’s the most beautiful residential community of Wash- ington. In Washingtor, but with every suburban attraction —wonderful air; imposing trees; delightful Homes—and a community spirit that is most engaging. Every Home Miller-built. 512,500 to $35.000—and worth it . Representatives on the ground every afternoon and eve- ning and all day Sunday to confer with you. Motor out Mass. Ave. extended across Wis. Ave. into Cathedral Ave.. or by troiley to Dupont Circle—transferring to W. R. & E, Co. Bus—running direct to Wesley Heights every hour on the hour. 119 W.C.& A.N.Miller Phone 17th St REALTORS M. 1790 Members Operative Builders' Association hot-water fixtures: two-car garage Very Attractive Price and Terms You'll Be Highly Delighted With - University Park —+the modern suburb—midway between Hyattsville and Maryland State University—on the Washington-Baltimore Boulevard. it presents such a host of attractive features peculiar to itself—and in which it differs essentially from every other suburb around Washington. Here you won’t have to wait for the utilities—water, sewers, electricity, gas, paved streets and sidewalks—shrubbery, trees, etc—they are all in and functioning. University Park isn’t some place that's going to be—but a com- munity already established and developed. Close to town—nearby the University—but a beautiful residence section within itself. Restricted sensibly—for everyone’s protection—and the sure enhancement. of property. Choose a Lot —of which there are several beautiful types already completed —at attractive prices. Buy a House =" Build a Home The Company’s consulting architect will be pleased to advise on contem- plated plans—that you make no mistake. There’s a Community Tennis Court for the residents and a safe swim- ming pool for the Park’s youngsters. School facilities are provided within the Park—and every sort of store is just outside. Description: Brick construction, copper roof, copper gutters and down spouts, copper, flashings, brick garages with 15-foot alley, paving provided for large lots. Each house center-hall plan, 8 rooms, 2 baths, built-in refrigerator, automatic heater, screened throughout. Priced at $18,000. Terms $3,000 cash; $9,000 Ist trust @ 6%:%; $6,000 2d trust @ 6%. Phone W. D. Sterrett, owner, Clev. 15. 4 A Brand-New Offering 1512 TO 1524 NEAL ST. N.E. Cafritz Lifetime Homes Are Honor-Built 7 K We've Created a Cafritz Most Complete New Houses for the Neighborhood at st 5 Price in- Washington 13th and G Streets N.E. _ONLY With This Group of Cozy Homes = - 8,500 18,6502 The Sample Home, 1246 G $t., Is Typical WITHOUT GARAGE WITH GARAGE Six rogms and tile bath—with hardwood floors; servants toilet; front, kitchen and sleeping porches; laundry a EASY TERMS BRIEF DESCRIPTION hot-water heating plant and separate heater for hot water in Hot-water Heat basement. Deep lot to paved alley. : Terms made to suit Electricity Pl‘ice, $8,95 your every convenience Hardwood Trim No such Homes, for Anything Like the Roomy Clossts 1 ilable Before Built-in Tub and Shower Colonial Front Porch Price, Have Been Available One-piece Porcelain Sink Spatious Rear Screened : Porches VERY DEEP LOTS Be‘che first to see these Remarkable Values TO INSPECT: Take car to 15th and H Sts. N.E.) thence two blocks north to houses. ; WM. S. PHILLIPS —in either Section One or Two—pay a amall deposit and the balance will be arrasiged on easy terms. —and the money with which to finance it we will provide—at once—upon accept- able terms. 6 Large Rooms Hardwood Floors Down Built-in Ice Chest Upstairs and Here’s where yow'll enjoy living—the conditions are ideal—and the investment opportunity unparalleled. “Investigate and you'll invest.” Motor out the Wash. & Balto. Boulevard to just beyond Hyattsville — or take the Bus at 15th and H Sts. N.E.—running direct to University Park. Our representatives are on the ground every day—including Sunday—and will give you all information. See these Homes and you'll stop paying rent—and become your own landiord Open and lighted every day—and Sunday from 9AM.te9P.M. Take H St. Cars to 13th St. N.E.—walking one block south —or take Capital Traction Cars to 8th and G Sts. N.E.—walk- ing east to 13th—or phone Main 9080 and our auto will ca for you. . - e wm N | weemenz University Park Co., Inc. .. Builders of Communilties 14th and K Streets Main 9080 Every Resident of University Park is E