Evening Star Newspaper, February 13, 1932, Page 18

REAL ESTATE. SCIENTIFIC HOME BULDING SPURRED Association of Real Estate Boards Announces Creation of National Group. (Continued From First Page.) the work the committee will attack. It wil! support expected action by local, State and national governmental agen- cfies in furtherance of better housing. “Sixteen States have appointed legis- lative committees to study new sources of revenue to help balance their State budgets and relieve real estate from the increasing burden of taxation which is unduly concentrated upon it, and es- peecially upon small houses,” he says. “Our committee will co-operate on this problem. “The committee's work looks ulti- mately toward the establishment of a national institute of housing, city and town planning.” Resolution Adopted. A resolution providing for the appoint- ment of the new committee and recom- mending to member boards the appoint- ment of corresponding local committees was adopted by the delegate body of the association at its annual meeting in St. Louis January 20-22 At its last annual convention, held in Baltimore in May, 1931, the associa- tion adopted a resolution requesting the co-operation of the Government of the United States in the establishment of a housing and city planning insti- | tute, to be centrally and conveniently | located, and creating a special com- mittee of the association. of which Mr. | MacDougall has been chairman, to con- | fer with allied arts and trades as to its_establishment. | The action was taken on the ground | that a permanent display of methods | and devices, graphicalty representing | the best modern thoughr. would further | e knowledge or what is pos- sible in the making of satisfactory home | areas and would stimulate the use of | the most efficient methods both in home | building and apartment construction. | Many of the more than 30 commit- | tees of President Hoover's conference at | its December meeting reported the need of housing research, information and demonstration, and the Correlating { Committee on Researcn recommended | the creation of some organization which could act as a medium for general in- formation. TWO HOMES TO BE BUILT | Bpecifications Filed for Dwellings | to Cost $8.000. Specifications for the construction of two houses, both having a building | cost estimated at $8,000, have been filed by Paul T. Stone, Inc.. as owner and builder, with the District government, | with applications for permits. B One of the dwellings, to be of brick and masonry construction, would be erected at 3617 Patterson street, while the other. of brick, stone and frame, would be built at 4414 Twenty-ninth street. Four Dwellings Planned. Four two-story brick dwellings hav- ing a total estimated construction cost of $16.000 are to be erected at 1824 to 1830 Bay street southeast. according to specifieations just filed with the Dis- trict government by Steuart Bros., Inc.. es owner, and L. B. Fellows & Co., as ' ‘builder. | A HOUSE with the appealing charm of a hundred vears or more woven into its design and | character is presented in this | design. | It is one of the most popular types of small house because of its economy | of cost and its livable interior. It is prcbably safe to say that no more compact design can be made for a house than this one that will retain all the units it has in as small an area. The living room is spacious indeed, 13x24 feet. The dining room is large and so is the kitchen. A small lava- | tory in the rear entry may be made more accessible to the living room by inserting a door in the end of that side of the room that leads into the | rear hall. The deep coat closet in the front hall can be shortened and the MATERIALS CHEAPER Wholesale Cost Shows Slight De- crease Week Ending January 30. The wholesale cost of building ma- | terfals showed a slight decrease for the week ending January 30 as compared | with the level for the week ending | January 2, according to a current re- | port by the Department of Labor. | The index number for building mate- | ials for the close of last month was 74.7 as compared with 76 for the first of the month. This change Approxi mates a similar decline in the index numbers for all commodities, the num- bers for the same weeks being 66.7 as compered with 68.3. These figures on wholesale prices for 784 commodities, weighted according to importance, are based on the average prices of 1926 as_100. During January the prices of house- furnishing goods and fuel and light- ing showed slight increases. The index | number for housefurnishings increased from 78.5 to 78.7, while the index for fuel and lighting moved from 67.8 to 68.2, between the weeks of January 2 and January 30. | OPPORTUNITY For a New House Salesman e WAVERLY TAYLOR e 1522 K Street National 1040 NEW HOMES THAT JUSTIFY THEIR LOCATIONS 4 Bed Rooms 2 Baths 3231 Patterson St. $13.950 Chevy Chase. D. C. More house for your money. Think of it—a brand-new colonial brick, 8 large rooms, 4 excellent bed rooms, 2 baths, convenient first-floor lavatory. kitchen, bright airy cellar. Beautiful decorations. Large lot with garage. 3109 Military Road $13,950 All Brick Lot 60x107 An ideal home for the wise buyer. large rooms, 2 fine baths. Interior decorations of the finest. Bright, convenient, fully-equipped kitchen, furnished break- fast nook, beautiful oak floors, attractive fireplace, large porch, full attic. In fact, everything for your comfort. H.G.Smithy Co. 1418 Eye Street Extra large, fully equipped All modern heating equipment. A real value. Very large lot, 6 Nat. 5904 THE EVENING Charm of 100 Years Ago Tradition Woven Into Design of Small House Type, Popular Because of Its Economy and Compactness. space so cut off may cleverly be used as a dish closet in the dining room wall. Th second floor has a large master's bed room with private bath and two | large clothes closets, one of which might be a cedar closet. Two other bed rooms and a bath complete the second floor. . The exterior is painted white and has dark blue green shutters and double hung windows. The roof is shingle. Chimneys are of brick, and it will be noticed that one is com- pleted and the other decorative to bal- ance the house design. This second one may be amplified at some future STAR, WASHINGTON, FIGHT IMMINENT Senate Committee to Hear Friends and Foes of Plan Next Week. (Continued From First Page.) foreclosed by receivers, private investors and banks racing for complete liquidity.” From Hiram S. Cody, president of the Mortgage Bankers Association of America comes this declaration in op- position: “We earnestly protest against any permanent legislation like the Federal me Loan Bank. which, in our judg- fent, would affect adversely the secur- ity behind the $26,000,000,000 of mort- gage assets of our financial institutions, and would result in the loss of an un- told number of homes which the own- ers, in the face of every obstacle, now are struggling to protect.” Gives His Reasons. Mr. Cody said his members opposed the measures for these reasons: That the normal rate of construction ot new homes is between 300,000 and 400,000 annually, whereas he was in- formed of the belief that the Federal Home Loan Banks would make possible construction of 3,000,000 homes within the next five years, or about 600,000 annually. That such “abnormal” promotion of building activity could bring only tem- porary prosperity, and would add to the present over-built condition, bringing | an additional depreciation of realty values, resulting in a drastic increase in foreclosures in existing home mort- gages. That existing_credit agencies. aug- mented by the Reconstruction Finance | Corporation, the National Credit C- - poration, and the strengthening of the Federal Land Bank System, suduu ue AUICE DEAC VR HIGH L4 time to serve a fireplace in the dining | room. The garage either may be built as shown ‘or placed somewhere on the rear of the lot. It is, however, rather good as located, as far as relationship to_the house is concerred The house would be best facing to- ward the west, although this makes no great difference in this case. The lot should be at least 60x100 feet, and would be more satisfactory if larger, 75x150 feet. Chevy Chase, Md. $9.450 Terms Large rooms Lot 50135 Colored bath Cedar closets Screens Planting All improvements include ultra modern kitchen reach — Rignt_at Cher one-half block to Bro le Rd. to Turne: s ve turn right. . LOUIS F. PEAK North 0167 Charming new cor- ner residence in a setting of lovely shade trees—priced at £13,950 on reason- able terms. rue umacuLaTA D. C. SATURDAY, FEBRUARY 13, 1932. REAL ES HERE TO TESTIFY BEFORE SENATE GROUP. HARRY S. KISSELL, Past President, National Association of Real Estate Boards. given an opportunity to demonstrate their usefulness in the present situa- tion and that in normal times there is no need for an additional agency, such as the home loan banks. That the bonds of the proposed home loan banks could not be sold at an in- | terest rate low enough to allow a rea- | sonable interest rate to the member | borrower, as the expenses of the new | system would have to be paid from the interest differential. Sees Depleted Taxes. That the sale of home loan bank bonds, tax exempt, would further deplete tax income to the Federal Government, the States and smaller governmental units, would depreciate other government se- curities; that the $150,000,000 for the 4217 37th St. N.W. NORTH CLEV New Corner Brick, 8 A careful study of this little m: fine homes have recently been built every convenience at your door. The location is west of Conn. Ave E D PARK -Room, 2-Bath Home ap will show you why more than 250 and sold in this close-in suburb with high enough to overook the city. is near Fort Reno, the highest point in the Dis- trict. This means cool. fresh air t The house is BRAND-NEW, is all br perfect hardwood floors, fireplac screens, wide concrete porch, daylight large and well graded corner lot, pre pantry. hroughout the hot Summer months. ick, has eight rooms, two baths, attic. Frigidaire, roomy sun-parlor, t cellar, two-car built-in garage, vel tty shrubbery, paved street and alley. Was built to sell for $16,500, but due to circumstances is now priced at $13,950 for a quick sale. Drive Out Today or Tomorrow From Conn. Ave. turn west at Bureau of Standards on Van Ness St. to 37th and north one block to house. LIGHTED —OPEN—HEATED Tower RM HOOKER REALTOR Metrop. 2663 Exceptionally large rooms, two complete baths, brick garage —every conceivable modern comfort. Have You Seen This Attractive Modern Home? Only a short time remains for you to inspect this at- tractive new home recently completed by Paul T. Stone, Inc. You will marvel at the hig| h degree of excellence in appointments as well as basic construc- tion . and the price is really an attraction in itself. Mr. Stone believes in equipping his homes with the best and most up-to-the-minute comforts for the housewife and other members of the family. In this home he is featuring a modern Electric Kitchen . . . a display of many time and labor saving appliances. You’'ll be delighted with the complete absence of soot, smoke, flame and odor, made possible by clean, economical “Matchless Service.” Don’t Miss This Opportunity to Visit MODERN ELECTRIC KITCHEN 5600 Nebraska Avenue Corner McKinley Street—Chety Chase, D. C. Open Each Day This Week Until 9 P.M. Sponsored by J. WESLEY BUCHANAN, INC. Realtors PAUL Constructed by T. STONE, INC. Builders POTOMAC ELECTRIC POWER CO. “MATCHLESS SERVICE” home loan banks predicates he_ issuance of $1,800,000,000 of tax exempt bonds. ‘That consideration should be given the experience of the Federal Land Bank System during the current de- pression “when their bonds are de- preciated, new bonds cannot be sold, comparatively little can be loaned and the land banks must be furnished ad- ditional funds by the Government to restore liquidity.” That the home loan bank plan “calls for an increase in taxes and borrow- ing greater than ever required in peace times; to provide up to $150.000.000 more for the proposed Feaeral Home Loan Bank would add to the already cern said to have built $50,000.000 worth of homes in the region of New York City: Walter Schmidt, Cincinnati, home builder and economist, said to head the largest realty firm in Ohio. Leonard P. Reaume, Detroit. former president of the National Real Estate Association; Guy Greene, former presi- TATE. HOME TO COST $23,000 Colonial Village Residence Planned for Dr. F. 8. Warren. Plans for the construction of & two- dent of the Michigan Real Estate As- |story brick, tile and frame dwelling at | commander, | American Legion; Herbert U. Nelson, iChlcagn‘ executive secretary of the na- | tional realty body, and John Sprunt | Hill, banker, of Durham, N. C. 1920 Plymouth street, in Colont - lage of Hock Creek Bark Estates. for Dr. P. 5. Warren, owner, have been filed with _the District government by Edson W. Briggs Co., builders. The cost of construction is estimated at $23,000. heavy burden.” That this plan is a further effort along the line of “the strong and grow- || ing tendency for the Federal Govern- ment to usurp the functions of State governments in supervision of local pri- vate institutions,” since it proposes to take control of real estate finance. REALTY BOARD INVITES WITNESSES TO HEARING Nine From Various Parts of U. 8. Expected to Testify in Home Loan Bank Quiz. Nine leaders from various parts of the country are scheduled to arrive here tonight at the invitation of L. T. Stevenson, president of the National Association of Real Estate Boards, pre- pared to testify next week before con- gressional committees in support of \the proposed Federal Home Loan Bank system. ‘These witnesses are Harry S. Kissell, | Springfield, Ohio, past president of the national realtor organization and chairman of its committee on the banking plan; Marc Rose, editor of a business magazine; Edward A. Mac- Walker FIRST SHOWING MARIETTA PARK Nos. 220 to 238 Longfellow St. . Containing seven large rooms. two-tone tile baths, with shower, Westinghouse Reirigegation, Pittsburg Storage heaters, newest e double laundry trays and lavatory in cellars. Modern kitchens, ; Convenient schools. Priced $8.950.00 to $9.250.00 Floyd E. Davis Company ctrical fixtures, with Street latest Car built-in cabinets. to 14th line—stores and 733 12th Street N.W. Nat'l 0352 Dougall of New York, head of a con- In delightful nity, a select, restricted residen- tial development of distinctive, ar- tistically planned homes in Clar- endon, Va. Here—environment, architectural excellence, accessibility to down- town Washington, recreational ad- vantages for children, all combine in offering advantages that charac- Langhorne Commu- Lq/m/y\w [lICIOMMUNITY 311 Marion Ave. Clarendon, Va. $8,250 terize homes much higher in price. This home embraces every feature of the complete well appointed home of today. Large living room with fireplace; 2 bed rooms; tiled bath with shower and built-in fix- tures; latest type gas range; West- inghouse electric refrigerator; hardwood floors throughout: full cellar. Convenient to trolley, bus lines, stores, schools and churches. Open for Inspection Drive over Key Bridge—out Wilson Boulevard to Clarendon, turn south om Marion Avenue. EAVER BRO REALTORS Mortgage Loan Correspondent, Metropolitan Life Insurance Co. ‘Washington Bldg. SEE 5431 KANSAS AVENUE N.W. Exhibit Home too. airy cellar, fully screened. off the kitchen. Newest artistic fixures. Six large rooms, detached garage, cedar-lined closets, oak floors, hardwood trim, Colonial brass fixtures, large Double laundry tray and servant’s toilet, screened breakfast and sleeping porch and coat closet with full-length mirror. rails on stairs, new type radiators (narrower to save space). Colored tile bath room with shower; toilet and lavatory adjoining the master bed room. A dinette . . . Wrought-iron District 9486 i 5419-5435 Kansas Ave. N.W. See these beautiful homes. some of the folks who have bought over 2,000 Dunigan Homes. their investment . . . and ask your banker’s advice, Have a chat with Ask them what they think of 8950 TERMS IF YOU WANT THEM With US . . . the KITCHEN IS VERY IMPORTANT Extra Large KITCHEN Equipped ith Electrolux, latest type gas range, one - piece porce- lain sink, built-in cabinets, inlaid linoleum and Sanitas wall cov- ering. D. J. Dunigan, Inc. Tower Building National 1256