Evening Star Newspaper, February 7, 1931, Page 17

e REAL PREDICTS ACTVTY IN REAL ESTATE Editor Cites Federal Reserve Puiicy as Stimulating to Business. Declaring that a man buys a home | not when it is cheap, but when he can afford it, Marc A. Rose says there are | indications that the tide of business generally is beginning to rise, and be yond this there are fundamental fac- tors now at work that will bring new activity to the real estate market. Mr. Rose, who is an editor of Busi- ness Week, spoke recently at the Mid- winter meeting of the National Associa- tion of Real Estate Boards. Be based his | improvement predictions on observations and “bales of statistics,” gathered by his and 10 other business publications cov- ering finance, banking, construction, the power and light industry and otner eco- nomic fields. Speaking on the economic factors fa- vorable to real estate at present, he gave his audience an imposing list. ‘Chief among the factors emphasized was “evi- dence” that the Federal Reserve Board “intends to liberalize its policy.” and business. Deplores Cheap Money Talk. He deplored the constant “prattle” about cheap and abundant money talked of during the past year and said that the long-term funds required for realty development had been neither cheap nor abundant, but that they are getting so now. 3 Scoring talk of overproduction as a lazy dodging of the issue, Mr. Rose as- serted that there can be no overproduc- tion when thousands of people in this country are without homes, when sev- eral million homes have no bathrooms, and_when one million homes within reach of power stations, are without electricity. Here he listed the provision of home financing plans for $2.000-income fami- lies a major potential source of new businecs for real estate, pointing out that 40 per cent of the American peo- ple have incomes of this amount or | less,.and yet have the desire for home | ownership. | “The country needs Ford volume in | decent housing at a price the average man can afford,” said Mr. Rose. | “A certain amount of activity must g0 on. We must eat, we must be warmed, we must be.housed somehow, we must be clothed. Business doubles about every 20 vears. Interruptions are only interruptions.” Five Factors to Improvement. “There are five factors that point to | general business improvement, and as | real estate is so closely yoked to busi- ness, these should please the real estate man: “Sentiment is better. This is most | important of all. “There is plenty of money. It is idle; it hates to be unemployed. With long- term borrowing expensive, there can be no revival of busines Long-term money is getting cheaper. “Retail stocks are exhausted. Things are wearing out. Replacement buying is beginning. ‘Consumer purchasing power will be better. The dollar buys more today. “Highly important is the attitude of the Federal reserve Wanks. There is evidence that the board® intends to liberalize its policy. If the system ESTATE. HAS WALLS OF GLASS Church Is Striking Spectacle With Night Illumination. A skeleton of reinforced concrete and walls of radiant, translucent glass ren- der unique the Church of S8. Peter and Nicholas, which has been consecrated in Dortmund, Germany. Except for a parapet about seven feet high, the building has only glass walls. At. night, when the church is lighted, the spectacle is striking. A tower rises above the portal to a height of 170 feet and is surmounted by a cross of iron filigree work, which is illuminated at night. Makes Excellent Surface for Ordi- nary Oil Paint. Plaster walls are frequently cotered with canvas glued to the wall like wall- paper. This makes an excellent sur- face for the ordinary oil paints used. Three coats are usually required to cover canvas, though plaster, tinted directly, requires but one coat of kalso- mine. ‘When kalsomine is used, however, it is a good idea to cover the plaster with a preliminary coat -cf oil or glue sizing, which fills the pores of the plaster and prevents the kalsomine from sinking into the wall in spots. Walls covered with canvas, painted, are more durable than walls covered merely with kalsomine. Color is an important part of the inside ‘painting problem, and care should be used in selecting the shade for interior trim. Light, fumed finishes are always attractive fcr oak. This process seems to bring out the grain and it takes on a beautiful soft half tone. A deeper shade of brown is also attractive & THE EVENING HOME BULDING AND BUYING URGED |Institute Speaker Points to | Low Material and Labor | Costs as Opportunity. | Lew material costs and high efficiency of labor, reflected in lower labor costs, | contribute to offer exceptional oppor- tunities in home buying and home building at this period, George A. Mar- tir., president of the Railroad Co-oper- ative Building and Loan Association of | New York, declared in a radio address over a Nation-wide hook-up this week. This was the first of a series of similar_talks on home planning and home financing under auspices of the | Home Owners’ Institute and the Young Men’s Christian Association. Mr. Martin urged his audience to “take that money out of the old sock™ and put it into a home before a busi- ness pick-up starts building priczs defi- nitely upward. “Now it happens that bargains are to be had in the small home field at the moment,” he said. “They are to be had by the individual home builder. They are to be had right now, and probably, though not absolutely, during the coming Spring. Not absolutely, for the present low level of prices may start its rise shortly. “The latest report on wholesale prices of commodities, issusd by the United States Department of Labor, has a story to tell in this matter. It shows that, with the year 1929 used as the index figure of 100, present prices are decidedly low in building material: 1216 Emerson St. N.W. $10,750 Saul's Addition Fully detached, eighi rooms excellent condition. SULLIVAN 819 15th St. and bath, garage, slate roof—in Open all day Sunday. BROTHERS pumped money into the other banks its ressure would improve the bond mar- et and vigorously stimulate business. There are signs * * * that this may be taking place. “Cost of building is lower,” said Mr. | Rose. “This is more important to those ||| who handle commercial property than | to those who handle residential. It || would be well to build now for com- | mercial firms that will be in business || for some time. A man buys a home usually not when it is cheap, but when || he can afford to buy one; demand is || accumulating in this field; many fami lies are impatiently waiting, but they must be sure of their jobs, must ac- cumulate savings before they will buy. ‘That time I firmly believe is near.” BUILDING UPTURN HOPE Any appreciable upturn in building | and construction would be of material | help in bringing to an end the present | depression in general business, says the | Brookmire Economic Service in the last issue of their Analyst. The Analyst goes on to say: “A close study ‘of conditions affect- ing the different types of building sug- | gests that the best prospects are for an upturn in one-family dwellings. ‘This may occur in early 1931. type of building has been on the de- cline since 1925 and appears to be about ready for a turn. “The next type of building to show || improvement will probably be apart- ment house construction, but any up- turn here will be delayed somewhat longer than one-family dwellings, owing to the present overcapacity and vacancies. An upturn in this type is not expected before the fall of 1931.” | Regular Delivery Over 100,000 families read The Star every day. The great ma- jority have the paper delivered Tegularly every evening and Sun- day morning at a cost of 1% cents daily and 5 cents Sunday. If you are not taking advan- tage of this regular service at this low rate, telephone National 5000 now and service will start tomorrow. This | || - Chruy Chase, B. €. Three Outstanding Values in New Homes Cpen and Heated for Your Inspection All Day Sunday BUILT BY JACOBSON BROS. 6319 WESTERN AVE. Reached via Conn. Ave. to Circle. Turn Right on Western Ave. House. to A most aftractive detached English type home, center hall, large lot with shade trees: 8 rooms (4 bed rooms, each with entrance off hall), built-in garage. $14,750. 5331 NEBRASKA AVE. N.W. Drive out Conn. Ave, turn Brand-new detached home, brick and timber construc- tion, on a lot 65 ft. front. Six big, bright rooms, concrete o inarihidliving oomblissh operd Adglnce and il bookcase: second floor has and numerous closets. 3502 PATTERSON ST. N.W. Drive out Conn. Ave. Chase Circle), New Colonial detached lot, 115 garage. A splendid value. | 1418 Eye H.G.Smithl] SUCCESSOR TO BUSINESS N.L.Sansbury COMPANY INC. St. N.W. right A built-in garage. turn east on Patterson to house. blocks from Chevy Chase Circle, near Blessed Sacrament Church; large attic, open fireplace, built-in Priced low. 2 tiled baths, insulated attie, Ave. to Nebraska to house. 3 bed rooms, dressing room $12,500. to Patterscn (at Chevy brick on a large landscaped ‘sample Home West Chevy Chase Open Daily Until 9 P. M. 1004 Vermont Ave. 4441 Fessenden St. ° TIIFSF, homes are exceptionally well located in the direct path of Washington's most rapid expansion. sent as complete and attractive home values as you can find in any of our better home communities. with sunlight through English casement windows—most attrac- tively decorated throughout bath with shower—instantaneous gas heater—oak floors through- out—linoleum on kitchen floor—built-in gas National Mortgage & Investment Corp. A ppointments Construction Location Value UNEQUALED at This Price $8,950 Terms to Suit They repre- Six large rooms flooded and completely appointed—built-in NAtional 5833 STAR, WASHINGTON The rating for November, 1920, was 96. That for November, 1930, the latest figure available, is 85.6. There's a di of about 15 per cent under what you waquld have paid for your home build- ing materials in 1926. “A thriftier spending of the dollar bill is now possible also because manu facturers of all building materials and household equipments are marketing their products at reduced costs in order to keep their plants running and their men employed. The individual home builder is able to reap the benefits of these conditions. And the man who buys from the professional builder re- ceives the advantages of the lower costs of these materials to that builder. ereas two years ago the seller's market prevailed ‘with the seller hold- ing the whip hand, today the buyer's market holds sway. Make up your mind to take that money out of the old sock and put it into a home. i 1 Building Planned by Jefferson. Bremo, on the James River in Flu- vanna County, Va, was built about 1814 by Gen. John H. Cocke from plans | by Thomas Jefferson. The design was well executed, and its greater simplicity makes it perhaps even more charming than Jefferson's own Monticello. The i columns are of molded brick. The de- tail is in fine proportion. a donkey at Wigginton, England, re- fused to be called off, and the donkey leaped ditches and hedges until it found shelter in a farmyard. B A Good Home to Buy As well as a_most attractive home in which to live— 4330 37th St. Corner 37th and Yuma North Cleveland Park Detached—and Colonial $15,250 Very pleasing design and thor- oughly practical Tan| 8"wonderul rooms,"3 mas Tooms. 3 baths, Iatee attic, lighted cellar. opel fireplace, hardwood _ floors. pantry eauipped with Frigidaire. - 3-car built-in garage. In highly re- stricied community of fine homes. . Near Bureau of Standards, school, etc.. midway between ¢ is. av ‘where the price trend is upward. Open_Sundays, 10 to 9; Week Days, 1 to 9 From Conn. Ave. turn west on Van Ness st. to 37th and north to Yuma. R. M. Hooker Tower Bldg. Met. 2663 of the home. reduction. | Suddenly entering in full cry after| cently, & pack of hunting hounds re-| D. C, SATURDAY, FEBRUARY 7 REAL ESTATE B3 i A WARREN DEVELOPMEN Drive out Connecticut Avenue to, Columbia Country Club, tum west (left) on West Cypress Street (Bethesda-Silver Spring Highway), one block to property. 25 FIXED AS AGE FOR MAN TO BEGIN BUYING HOME | Twenty-five is the age that the aver- age young man should start paying in- terest on a mortgage, says the Na- tional Association of Real Estate Boards in the ninety-sixth of its se- ries of articles for the public. “Assuming he is married, of course, it is at this age that he probably has the best chance of acquiring a home, because he is young and able to work hard, and is free from the responsi- bilities that usually come later,” says the association, “After the family has increased in size, income is needed for so many purposes that many people put off home owning and never do get around to it. The many cles that often come with the years conspire to keep many families in the renting lass. “But at 25 a couple usually has no more than one child, often have none. At this time, too, the wife can do many things to help to speed the home- owning day. Later, when she may be occupied with a large household, it may be more difficult for her to prac- tice the small economies that can help swell the home-owned fund.” o Chapin B. Bauman, an official of the local Building Loan Council, has been named a member of a special National Advisory Committee of the United States Building and Loan League which will make a study of State legislation during this year. I. Friedlander of ton, Tex., is chairman. anding Values IN NEW HOMES 442 Jefferson St. N.\W, Semi-Detached 8 Rooms $9,650 440 Jefferson St. N.W, 8 Rooms (4 Bed Rooms) Only 2 Left $9,250 Big porches, natural wood trim, cedar closets, Frigidaire and other attractive features. Paved street and alley. yards, with garages. Very deep BUILT BY THOS. A. JAMESON Meaning Stablility and Endurance OPEN FOR INSPECTION DAILY Wm. M. Throckmorton ANNOUNCING A NEW FURNISHED EXHIBIT HOME | in MEADOWBROOK * AND FEATURES You cannot afford to ignore this offer. Home in Meadowbrook, at 100 West Cypress Street, where all of these special and regular features and items of equipment are already installed, awaiting your inspection. judge for yourself if this is not the GREATEST HOME VALUE, DOLLAR FOR DOLLAR, EVER OFFERED IN WASHINGTONI ; Dis. 6093 . $1,000 IN EXTRA EQUIPMENT AT NO ADDITIONAL COST TO YOU With any unsold home in Meadowbrook, for a limited time only, we will include the extra features listed at the right, at the approximate values shown, without any increase in the regular price Or, if you prefer, you may eliminate any three of them and replace them with others of equal value. Or, you may eliminate any three of them, and be granted a corresponding price Visit our Exhibit See it today, and IN CHEVY CHASE WISCONSIN 2764 Puritan Fathers Used Color. the simplicity of their homes. They chose the soft tones of the sea, blue, ‘The Puritan fathers, in spite of the |greens and grays, colors that they hardships of everyday life, felt the|gazed at so long in their journeys to- need ,of color and used it to brighten | ward the New V’afld 5343 Nevada Ave., Chevy Chase, D. C. Brand new, larger than most homes in its price class, and with its excellent location and outlook, this STONE, BRICK and CLAP- BOARD Colonial home $ 1 3 .. 9 5 O represents the maximum value obtainable at..... Six real rooms and two tiled baths, break- fast room. An unusually well equ;pped kitchen. Lflrge and usable attic. Garage. To Reach—Out Conn. Ave., turning right on Military Rd. 2 squares to Nevada Ave., right to our sign on property. OPEN ALL DAY SUNDAY Edw. H. Jones & Co. Chevy Chase Properties 5520 Conn. Ave. Clev. 2300 THE NEW Exhibit Home at 100West CypressStreet, Chevy Chase, (shown at left), Charmingly Furnished by DULIN & MARTIN is an interesting ex- ample of modem Colonial ar- chitecture, constructed of white weatherboard and designed with a center hall plan. There are six spacious rooms, two baths, covered side porch, two car garage, and other special features. . . . $16,500 THESE EXTRA FEATURES (once luxuries, now necessities) will be added to eny MEADOWBROOK HOME you may select WITHOUT E'XTRA cosT for a limited time only Bryant Gas Fumace. ............. $475.40 (Or choice of Oil Heater) Metal Weather Stripping.. .......... Awnings for Windows, Doors, and Porch ... - Full Length Miprors on Doors in Master Bedroom and Coat Closet in first floor Hall. Ventilating Fan in Kitchen. . Attic, completely finished (both walls and floor), and hested ... 245.00 Finished Basement................" 40.00 Total.evounueininnnnnen....$1,063.65 68.00 165.75 40.00 29.50 In addition to the ebove THESE FEATURES ARE NOW REGULAR EQUIPMENT IN“ALL MEADOWBROOK HOMES: General Electric Refrigerator Curtis Kitchen Cabinets Armstrong Linoleum Sanitas on Kitchen Walls and over tile in Bathrooms Venetian Glass Medicine Cabinet Floored Attic Completely Landscaped Grounds Small Formal Garden