Evening Star Newspaper, January 23, 1932, Page 18

REAL ESTATE. SEE SO0 N NEW BULDNG Dodge Statistician Sets Fig- ure for First Quarter - 3 of 1932. ? | A construction volume of $850,000,000 for the entire country, inclusive of low- cost new and alteration projects, may be produced in the first quarter of 1932, according to a forecast made public this week by L. Seth Schnitman, chief statisticlan, F. W. Dodge Corporation. Such construction would show that | although this balance wheel of Ameri- | can industry turns more slowly, it still is turning, and at a pace which ap- proximates pre-boom ~conditions, he Ppoints out. i A total of $850,000,000 as a maxi- | mum volume for the current quarter | would not be of the Gargantuan pro- portions to which the American indus- | trial appetite has been whetted during | the past decade, yet it would represent = huge expenditure of large significance to labor and material producers. 275,000,000 in Wages. It would represent about $275,000,000 in" wages for building tradesmen and about $350,000,000 for building mate- rials, he believes, and would give work to hundreds of thousands of men. He estimates that a program of the size foreseen would require the work of about 575,000 building tradesmen. Stressing that the troubles inherited from the boom must be cured, and they are being cured week by week, Mr. Schnitman points to certain retard- ing influences which operate to make knowledge of the revival point diffi- cult. Among them he lists continued real estate deflation, mortgage bond de- faults, foreclosures, high real estate taxes and threat of lower wage scales among building tradesmen. Losses Seen During 1932. “One can hardly say when the re- tarding factors will be removed,” Mr. Schnitman states in his forecast in General Building Contractor, “but when enough of them have been corrected building will be ready to increase on the basis of a sound demand. On a per- the first-quarter esti- re show the following in- dicated losses from the like 1931 pe- riod: Total construction, 20 per cent at least; residential building, 20 per cent at least; non-residential building, 25 per cent, and public works and utili- ties, 30 per cent “The first quarter of 1932 may pro- duce a construction volume of $850,- 000,000 for the entire country, inclu- sive of low-cost new and alteration projects. If this total should be reached, residential building will prob- ably approximate $180,000,000, non- residential building will account for about $200,000,000 and public works and utilities should approximate $220,000,- 00C. ‘These indicated totals, represent- ing the best that may be expected, in each instance means losses from the corresponding quarted of 1931. “This estimate for the first quarter, if projected forward, would indicate a year's total fairly well below that of 1931. To estimate the entire year on this basis would overlook the possibility that a small house-building revival might occur in the Spring. To esti- mate on the basis that such a revival will occur would be to stake too much on a highly uncertain possibility. The | beginnings of such a revival, if there is to be one, would be likely to appear after March 15." $1,000,000 REAL ESTATE TRANSACTION REPORTED H. G. Smithy Co. Announces Sale of 75 Properties Located Various Parts of City. in Sale of 75 real estate properties on which a total valuation of &pproxi- mately $1,000,000 was placed, was re- ported today by the office of H. G. Smithy Co, covering a recent survey of a period of activity, The properties involved in the trans- action, located in various sections of Washington, include & number of par= cels sold to the United States Gov- emment in connection with develop- ment programs. Among the properties acquired by the Government ‘were 602 Pennsylvania avenue, purchased from the Capital Cigar & Tobacco Co.; 205 Seventh street, purchased from the Daniel Loughman estate; a large tract of ground near the Benning race track, from the. Eastiand Gardens Corpor: tion, the sale being made in co-opera- tion with Howard 8. Gott; and a site for a fire engine house on Rhode Is- land avenue at Sixteenth street north- east, from the trustees of Swartzell, Rheem & Hensey. Plan $13,000 Home. Qonstruction of & two-story stone and tile dwelling st 2750 Brandywine street, having an sstimated cost of $13,000, is planned by Lois B. Tyler, according to plans just filed with the District build- ing inspector. “MARIETTA PARK” Eight Rooms Two Complete Baths Semi-Detached Bricks Facing “Fort Slocum Park” Sample Open to 9 P.M. 5724 3rd St. N.W. Between Madison and Nicholson Sts. You will find many added and at tractive features in these ich make them most complete! Your Early Inspection Invited! Ten Built—Seven Sold WAPLE & JAMES, INC. 1226 14th St W. North 09 STONE MANOR Priced less than you expected to pay This gorgeous Colonial home of stone, containing every concelv- able luxury—with spacious rooms, three elaborate baths, lavatory on first floor, recreation room and fireplace in basement, servants' quarters, gas-burning furnace, unususlly large lot, beautifully landscaped 1717 Poplar Lane Open for inspection Sunday until ® PM.; week days, 2 P.M. to 9 P.M. Directions: Drive morth on 16th Street to Kalmia Street, west on Kalmia Street 1& blocks'to Orchid Street, morth on Orchid Street 1 block 'to Poplar Lane, To become a home owner provides a “refuge against the uncertainty of ad- vancing years,” president of the F. W. Dodge Corpora- tion, declared in a radio address this week over a national hook-up of stations | payments are made, an equity is built in connection with THE EVENING Northwest Area Residence Home of Col. and Mrs. John A. Richards, at 2837 Chesapeake street, which was purchased recently through the agency of the office of Phillips & Canby, | Inc, and buflt by Edwin L. and has & lot 70 by 130 feef Taylor. It contains 10 main rooms and 4 baths HOLDS HOME OWNERSHIP IS SECURITY FOR ADVANCING YEARS President of Dodge Corporation Cites Refuge Against Uncertainty in Radio Address. the ready-made ideas and tastes of others. Truman S. Morgan, | and stability is most important. Civil and social ties take permanent root. AS | up that insures comfort and peace of “‘own-your-home” “But, above all, the sense of security | day of National Thrift week. Describing the enjoyment that comes from engaging in the various steps taken in planning and building a home, Mr. Morgan said “It is real fun to own a home where you are proud to entertain your friends. You have taken upon yourself a very definite purpose in life. The stim tion of home ownership has made liv- ing quite worth while to many a house- hold. It has furnished an objective and actually made them happier than they would otherwise have been. “In the design and appointments of your home you may exercise an indi- | mind. When the last payment is made | you have a real refuge against the un- | certainty of advancing years.” FOUR HdMES PLANNED P New Construction to Cost $22,700, According to Specifications. Four two-story brick dwellings are to be erected by J. B. Tiffey, owner and | builder, at 315 to 321 Ingraham street, it is revealed in specifications placed |on file with the District building in- The cost is estimated at STAR, WASHINGTON, RENTS N HPTAL SHOW INGREASE Report Shows 27.9 Per Cent| Advance Between 1914 | and 1931. | Rents in 32 cities of the United States declined from .2 to 11.8 per cent during the six-month period from June, m:u.‘ to December, 1931, the Bureau of Labor | Statistics, Department of Labor, re- ported today. | During the same period the cost of | living generally declined 3 per cent | | The decline for the pmst year was com- puted at 9.3 per cent. | The bureau reports show also that rents in the National Capital increased 27.9 per cent from December, 1914, to December, 1931, whereas average rentals for the United States as a whole in-| creased 36.2 per cent from 1913 to 1931 | ‘The price of housefurnishing goods | according to the bureau, increased 79.6 | cember, 1931, whereas the price for the 67.1 from 1913 to 1931 Revision and expansion of the index numbers on wholesale prices have been | completed by the Bureau of Labor Sta- | tistics of the Department of Labor, it was announced today. | The new system of index numbers, | indicating the changes in prices, now includes 784 commodities, weighted ac- cording to the importance of each arti- cle, and is based on the average prices of 1926 as 100, as formerly. ‘The revision and expansion of the in- | dices has been extended back to Janu- ary, 1926, and supplants the index num- bers formerly issued by the bureau from that date. The revised index numbers are a follows, for all commodities: 68.6 for December, 1931; 70.2 for November 1931, and 79.6 for December, 1930, and for building materials, 75.7 for Decem- ber, 1931; 76.2 for November, 1931, and 84.8 for December, 1930. SRR RS File Plans for Dwelling. Edward L. and Clarence V. Warden, owners, and W. D, Sours, builder, have filed plans with the District government for the construction of a two-story brick and frame dwelling costing $: at 2217 Pranklin street northeast D. Rt per cent from December, 1914, to De- | chaced by Miss Ruth H. Bennett. | The house contains six rooms, two baths and lavatory and has a two-car | same line of goods, as an average for | garage The lot is 60 by 87 feet. The exterior is of {frame and brick, which has | the United States as a whole, increased | peen painted white. | Inc. hth 1) JANUARY 1932. C., SATURDAY, 23, Cumberland Street House esidence at 3621 Cumberland street, in Wakefield, which has been pur- It was designed, built and sold by Wakefield, R AR YRR AR R AR R AR R R R LR, New All-Brick Bungalows and Corner 2-Story Brick Home 7th & Tewkesbury Sts. N.W. Price, $7.950 %y Terms One of the most modern homes in the N.W. section. Real open fireplaces with lighted fires in them. Frig- Kitchen in beautiful colors. Modern gas range You owe it to yourself to inspect these homes. idaire. in golor. To Inspect—Drive out 7th St. to Tewkes- bury, two squares north of Rittenhouse Wik § Philliss 2032 Belmont Road Decatur 5000 | | REAL EST THREE NEW DWELLINGS PLANNED BY BUILDERS | Specifications Filed With District| Government for Construction | at Cost of $25,000. Specifications for the construction of | a masonry dwelling of two and one- half storles at 2015 Rittenhouse street, | having an estimated cost of $7,500, have been prepared by M. B. Brosius. Loren M. and Joseph A. Herbert, jr., | plan the construction of a two-story brick and frame dwelling at 4718 As- | bury place, at an estimated cost of | $7.000. Roy L. Cobb, owner, and F. L. Wag- | ner, Inc., builders, plan the erection of | a two-story brick dwelling at 1300 Iris street, according to plans just filed with | the District Government. The build- ing cost is estimated at $10,500. | Increase in petty street thefts in Lon- | don is ascribed to processions, which take hundreds of police away from thief catching to act as escorts. 5349 BROAD BRANCH RD. Spacious Colonial Thoroughly Modern ATE. SOLLLII LTI 2T LA L I LI PEI P AT A LLLE 2220 Quality Throughout Near 14th St. Cars 5512 4th St. N.W. $8,950 Extra Tiled Lavatory— Spacious Dinette—Model Cabinet Kitchen FRIGIDAIRE. Cedar Closets, Oop- Drain “Board Corner 5500 4th St. N.W. With Built-in Garage L. T. Gravatte 789 15th St. Realtor X N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N Nz, A SURPRISE FOR THE HOME BUYER - Most delightfully charming ALL- BRICK NEW HOME to be found in Chevy Chase DAC. At the Price of $13,950 OPEN SATURDAY P.M. AND ALL DAY SUNDAY UNTIL 9 P.M. 117 K TWO BATHS TWO-CAR GARAGE Drive ou Military Road, Branch Road, property, BOSS & PHELPS Members of Washington Real Estate Board TO REACH t Con: ast and Soul ticut Ave. to to viduality that is precluded in renting. | spector. In the latter you are compelled to accept $22,700. Tower Bidx. 1th & K Don’t Overlook This Outstanding Value 6522 7th Place N.W. Detached Unique $9,950 Distinctive ‘Artistic Complete Modern Six Rooms—Three Porches Copper Guttering—Colored Tile Bath Screened Throughout—Real Fireplace Finished Attic—Complete Kitchen Garage J. DALLAS GRADY Dist. 9179 1010 Vermont Ave. Drive Out Ga. Ave. to Van Buren St. to 7th Place SEE THESE CAFRITZ LIFETIME HOMES TODAY e 4 BIG FEATURES New 7-Room HOMES 3 Wide Covered Porches 4th & FARRAGUT STS. N.W. SAMPLE HOME Open, 9 AM. to 10 P.M. RECREATION ROOM An extra room 17x20 ft. completely finished in the base- ment. Just the place for a den or for your entertaining. Tex- tured walls, lighting fixtures, windows, heat. No obstructions. KITCHEN-DINETTE Everything in buff and green. Built-in equipment, Frigidaire, eicctric clock, new folding di- nette set. Double small ceramic tile dra‘nboard and back splash. COLORED BATH Something different. Beauti- ful colored tile combinations. Built-in colored fixtures. Tub, shower, new-type medicine cab- inet. Modern in every detail. “Quer-the-Top” GARAGE DOOR Easy to get in and get out. “Over - the - top” counter - bal- anced sliding door—out of the way, easily operated by a child. 8,050 L LESS THAN RENT ATTRACTIVE NEW CORNER HOMES 8 Rooms—2 Baths—Built-in Garage In this fast-selling group, there are two new corner homes with attractive bay windows and spacious lawns. Eight large rooms, two beautiful baths, open fireplace and built-in gar. in addition to the features described above. In construction, decoration, finish and equipment, they leave nothing to be for comfort and convenience. The price of these $12,950. You are invited to inspect them today. / wis CAFRITZ ® OVER 3,000 LIFETIME HOMES BUILT AND SOLD™ e SMALL CASH PAYMENT OFFERS A “MINIATURE MANSION’’ IX rooms, bath room in color, basement recreation room, hardwood trim, built-in garage, sizeable yard—here is value far beyond the $8,500 price. Then add all the mod- ern conveniences that the finest mansion can enjoy—Bryant gas heat, Electrolux gas refrigerator, automatic storage water heater and modern gas range—and you have an aimost- unheard-of opportunity for the home buyer. This is the value offered in the Colonial row homes of the Columbia Construction Company at 1301-1331 Trinidad Avenue N.E. Every one interested in modern living at its best should see them. Drive out Florida Avenue N.E. to Trinidad Avenue, then turn north on Trinidad to the model home at No. 1303. WASHINGTON GAS LIGHT COMPANY Builders’ and Architects’ Division 419 Tenth St. N.W. NAtional 8280 To see the houses, fol COLUMBIA CONSTRUCTION CO. View of the 16 row houses designed by F. G. Wilcox, Architect, and offered for sale at $8,500 by the Columbia Construction Company, 300 Investment Bldg. call these builders at NAtional 3112, For information llow the directions given below. at $8,SOO In addition to the Columbia Construction Company, these Washi modernize their homes G. L. Bennett L. E. Breuninger & Son Boss & Phelps Breuninger & Phifer Edson W. Briggs, Inc. Cafritz Construction Co. Casey Engineering Co. Henry J. Connor Cooley Bros. D. J. Dunigan, Inc. Federal Construction Co. Thos. J. Fisher Co. J. F. Fox C. H. Gaskins Wm. D. Goodman Clarence W. Gosnell B. H. Gruver Harvard Terrace Develop- ment Co. Fred W. Horton Wm. A. Hill Co. H. P. Huddleson Independent Investment . Co. Jacobson Bros. Thos. A. Jameson Randolph L. Jennings Kennedy-Chamberlin Development Co. ngton builders also with gas: McKeever & Goss G. F. Mikkelson & Son W. C. & A. N. Miller Frederick B. Mills C. W. Morris & Son A. T. Newbold Newbold, Canby & DeNeale Henry J. Robb, Inc. Fred Schnider Shapiro Construction Co. Joseph M. Stanley Chas. L. Tankersley Waverly Taylor John B. Tiffey Triangle Realty Co. Waple & James Wakefield, Inc. M. & R. B. Warren C. M. Wilcox C. M. Williams Edward M. Willis 5. H. Willis Realty Co. oung & Oppenheimer Earl %’nna}: g Walter Vaughn