Evening Star Newspaper, June 24, 1933, Page 15

Home-Owning and Building Section for Washington and Suburbs OPTIMISM MARKS REALTY OUTLOOK New Laws Factor in Rising Markets—D. C. Delegates Return Home. BY VINCENT TUTCHING. ‘With several new forms of legisla- tion, many directly bearing on real es- tate, now going into ¢ffect, and with the all-important twenty-sixth annual convention of the National Associa- tion of Real Estate Boards now his- tory, realty men of the Capital and the Nation are looking forward opti- mistically to the future of real estate. Reports and addresses made at the Chicago conclave, from which Wash- ington’s delegation returned early this week, reflected a definitely improved outlook in this field. The forces which | are now adding to the stability of real estate’s position were reviewed by the realtors, and due consideration was given the probable effect of both Fed- eral and State legislation, recently en- acted, on real estate. Theé Capital's delegation to the con- vention, by virtue of its close contact with legislative affairs on Capitol Hill, was able to furnish the convention with up-to-the-minute information on what Congress has been doing with re- spect to real estate. New Laws Discussed. This review of legislation touched on | the home mortgage refinancing act, soon to become effective, providing for direct relief for distressed home owners by Government refinancing. The Fed- eral securities act, too, which is now law, was pointed to as having a di- rect bearing on real estate, although Tules and regulations governing its ap- ZONING HERE PRAISED Col. Grant Points to Capitol Build- ing as Beneficiary. Lieut. Col. U. S. Grant, 3rd, retiring director of the Office of Public Build- | ings and Public Parks, told members | of the Washington Chamber of Com- | merce at a meeting Thursday that | ‘Washington is to be congratulated for | preserving its beauty through stringent | zoning regulations. The Capitol building, he pointed out, still stands out as the most prominent in_Washington, whereas if the city's | buildings had_been allowed to extend upward as in New York or other cities, | that majestic building would have the | appearance of “being in a hole.” | RENOVIZE “FAIR" - SPAGE INDEMAND { | 24 Exhibitors Signed Up for| Exposition Opening in Two Weeks. | With the Renovize Washington Expo- | sition scheduled to open two weeks |from Monday, sponsors of the event | announced today that 24 exhibitors |have taken space in the show, which |is planned as a means of stimulating interest in modern building materials |and equipment as part of the Renovize ‘Washington Campaign. Exhibitors thus far signed up, ac- cording to Alfred L. Stern, managing director of the exposition, include the Washington Gas Light Co., the Poto- | mac Electric Power Co., the Hecht Co. Master Plumbers’ Association, E. G. VASHINGTON, ID. C. Architects Offer D. C, eni Quaint Fren Sixteenth in Series of Designs. STRICTLY MODERN FEATURES INCLUDED | Calls for Use of Old Brick Painted White and Two Porches. HE influence of the quaint, pic- turesque French farm house is predominant in the house plan | offered by the Washington Chapter, American Institut: of | Architects. today as the sixteenth in a | series of home designs approved by | the chapter for publication in The Star. | Prepared by Donald S. Johnson, ar- chitect, of 726 Jackson place, the plans offered today incorporate all the fea- tures of a practical and modern home, while at the same time following an authentic architectural style. | Designed to be constructed of old brick, painted white, the exterior is made interesting by a half-timuered | gable with an overhang. Front and rear porches feature rustic hand-hewn timber oak columns and brackets. Garage Is Detached. An unusual and interesting part of the plan is the detached garage, ap- proached from the house by a covered walk. An exterior staircase leads to a studio on the second floor of the garage. This room is designed for an artist, being lighted by a picturesque skylight and window. | The quaint exterior finish is carried into the entrance hall, which is planned to be of natural chestnut. ‘The stairway opposite the entrance rises ch Rur ILiviNG o Sfar, KITCHEN loaLils SATURDAY, JUNE 24, 1933. BUILDING NEWS B—1 * | MATERIALS’ PRICES RISE | ‘ Business Conditions. | The index figure on wholesale prices of building materials took & jump |from 729 to 734 between June 10 |and June 17, according to figures re- leased yesterday by the Bureau of Labor Statistics, Department of Labor. t The figure, based on the 1926 aver- |age of 100, compares with a 71.1 | standing one month ago. The incex | numbers _of all wholesale prices in- | creased five-tenths of 1 per cent, com- | paring figures for last week with the previous week. REALTYLOANS 0T CHEERFULLY NOW |Borrowers Show New Confi-| | dence With Property Values on Upgrade. | e ! | : Payments of interest and principal | on real estate loans are being made cheerfully and confidently by many Washington families, reducing indebt- edness in advance of and in excess of obligations, and in numerous ways idle funds are being restored to circulation, | points out Martin R. West, vice presi- dent of Weaver Bros., realtors. The psychological effect of the de- posit guarantee clause in the Glass- Steagall bank act is credited by Mr. | West as having done much toward re- | storing public confidence in this respect. He believes there are positive indica- tions that the ‘“vicious circle of fear which clutched hoarders and bankers as well has been broken.” “Now that the elaborate recovery AD REALTY FIL Capital and Vicinity Expected to Show Livelier Market as Result. Advancing prices of building mate- rial continued progressive inflation and the imminent release of millions of dollars tied up in 130,000 accounts in closed Washington banks, portend a general mark-up of real estate prices in the Capital, in the opinion of Wil- liam M. Throckmorton, realty operator. Returning confidence and a growing conviction that prices are due for a Stiff rise all along the line, coupled with the fact that residential construc- tion has been at a virtual standstill for three years, has already materially benefited the used home market, says Mr. Throckmorton. “Any increase in the prices of build- ing materials affects the cost of reno- vizing and maintaining homes as well as the cost of new construction,” he continues. “Just what this means to realty of all classes is made plain in a study of price trends covering the months of March, April and d " (Continued on Second Page) TONE-BUILT ARE BETTER BUILT HOMES LL homes built un- under architectural plication have not yet been promul- gated by the Federal Trade Commis- sion, o All through the list of legislation enacted during the special session are found measures which, if they do not directly affect real estate, exert a no- ticeable influence on the business. Schafer, Barber & Ross, Fries, Beall & Sharp, Capital Materials Co., Wash- ington Paint Club, Louis Perna Sons, Tile and Mantel Shop, National Elec- tric Supply Co., O. W. Ketchum, Hy- draulic Press Brick Co., Jorss Iron Works, United Clay Products Co., Plaster Modelers Association, Rose As outlined by members of the Wash- | Roofing Co., Crittall Manufacturing ington Real Estate Board, these in-|co, Columbia Iron Works, Sugi Wood | ciude the reforestation bill, the farm | Corp., Edgar Morris Sales Co., Ameri- | Telief legislation, unemployment relief | can Mosate Co. and the Shade Shop. | messure, beer legalization bill, Ten- |~ Others are expected to take space nessee River Valley and Muscle Shoals shortly. Edwin H. Rosengarten is| program has passed from a state of promise to a stage of actual perform- | ance,” he asserted today, “and the first steps in restoring war-time con- | trol to industry have been taken, a new | spirit of hope is everywhere apparent, | and a period of activity unusual for ‘ over an arched opening under which descent is made into the dining rcom. On the right of the entrance hall upon entering is a paneled den and to the left a spacious living room. The entire first floor is finished in a| waxed chestnut of natural color. | French doors at the far end of the living room lead to an exceptionally | large porch, which overlooks a garden. Master Bed Room Complete. The master bed room opens off the | inspection. Insist that your home be fig- O LCOND- FLoOR ~PLAN- ured by “F1ROT- | FLOOR- PLAN- before assembled, drawn from news- paper files and other sources, show “that the long-term swing of real estate | activity, construction, foreclosures, rents | and even values forms a cycle so definite that it is not appreciably dis- turbed even by such colossal distur- bances as the World War.” Three Cycles in 45 Years. ‘We have had three such cycles in the last 45 years, the speaker declared, and apparently are ready to begin the fourth. “Real estate has been frozen before,” he gontinued, “and in due time it has | thawed quickly. We believe that the period just ahead will produce the biggest thaw we have thus far seen.” Washington at this season appears cer- tain to follow. “Supplementing this, comes official | assurance that while there will be dis- | missals from the Federal ranks in | Washington, the Government's recovery | (Continued on Second Page. REAL HOMES CLOSING-OUT SALE SEE HOUSES—THEN SEE ME After 23 years in the real estate and building business in Takoms Park, I have decided to discontinue my building operations and now offer for sale at GREATLY REDUCED PRICES the following attractive up-to- date bungalows, all in perfect condition: No. 6611 5th Street N.W., $7,950 5 large rooms, sleeping porch and bath. Now put in perfect condition. Lot 50 by 130 to alley. Garage to match house. This is a bargain. Easy terms. No. 6707 4th Street N.W., $8,350 - 6 large rooms and tiled bath, hot-water heat, large attic and cellar. Lot 48 by 122. Large shade trees, 2-car garage. Small cash payment, easy terms. OPEN ALL DAY SUNDAY All in Takoma Park, D. C. H. L. THORNTON, Owner Office—6900 4th Street N.W.—Oppot Takoma Theatre Office Phone, Georgia 2291—Home, Georgia 2811 IN SHEPHERD PARK SWING OF REAL ESTATE ACTIVITY | COINCIDES WITH MARRIAGE RATE Paul T. Stone, Inc. 918 15th St. N.W. Na. 0843—Evenings—Cl. 7096 Louisan Tells Convention at Chicago Accumulated | Force of Delayed Weddings Helps Market. | | | | | | clared. “They create a concealed, lit- | tle understood, but most important po- | tential demand, not only for housing, | but for furniture and many other lines. Their release will absorb most of our vacancies, and probably will be inter- preted by the uninformed as an in- creasing normal demand, just as some of our eminent students of sociology | H predict a stabilized population by 1940, or some time soon, by projecting the trends of the negative period of the cycle instead of the normal line.” Mr. Wenzlick said that dat: . 30th St. N.W. 9,850 Just completed— fully detached stone, brick and clapboard— 6 rooms, 2 baths, model kitchen, slate roof, recreation room, fenced large rear back yard, finished attic, garage, aluminum screens, metal weather - stripped. Electric refrigeration. Must Be Sold \ 4416 9th St. N.W. Between Webster and Allison Sts., one Square east of Georgia Ave. A REAL HOME ‘Taken in trade—semi- detached brick house, 25 feet wide—spacious rooms throughout—especially cool and comfortable. Six rooms, tile 3 ATTIC, porches, FRIGID- AIRE, hot-water heat, electricity, 2-car garage. Entire property in perfect condition. Splendid loca- tion, close to transporta- tion. junior and Roosevelt . High ‘Schools, The Price Is Right A Bargain that is A BARGAIN 4600 49th St. N.W. A beautiful corner bungalow in American University Park, 5 large rooms, bath, big attic and cellar, wide front porch. Garage. Good sized lot with 5 large trees. Close to transportation. Splendid residential environment. $5,850 Open Sunday—Don’t Miss It | HARRY B. PITTS {] 1343 | st MELt. 4300 proposal now being developed to bring | Gladman, president; J. Maynard M together for their mutual benefit all| gruder, vice president and William F. the flelds interested in bettering hcus- | jorgensen, secretary-treasurer. ing and community planning as well as encouraging extensive home owner- | ship. !\Er. Miller, who is a member of the Jocal realtor firm of W. C. & A. N. Miller, will be succeeded next January by Hugh Potter of Houston, Tex., who was elected president of the national group for 1934. Other officers chosen include Mark Levy of Chicago, treas- urer, and the following vice presidents Stephen W. Sleeper, Boston, J. W. Wheeler, Seattle, Wash.: A. Sehrt, Milwaukee, Wis.; Charles Pletsch, Honolulu, T. H, and Leon E. Todd, Camden, N. J. Two local men received appointments at the national convention. They are | Waverly Taylor, named chairman of | the Home Builders and Subdividers | Division, and Arthur C. Houghton, | named a member of the governing | council of the American Institute of Real Estate Appraisers, a branch of the association. Values Found Rising. Mr. Miller, commenting on the gen- eral trend of real estate, told conven- tion delegates that “unquestionably we are already feeling a profound change in the real estate market.” “Equity values have increased,” he said. “Mortgage holders are taking a wholly new attitude toward their se- curities. Inquiries from prospective buyers are everywhere increasing Asking prices tend to stiffen. The United States Department of Com- merce tells us that we have, right now, an unrealized shortage of half a mil- Yon single-family dwellings. We, as (Continued on Second Page.) FACTORIES SOON OBSOLETE. Henry Ford says the modern factory should be written off and scrapped in | seven years landing upon ascendnig the stairs, and measure, public works bill, Government | cnairman of the Exposition Committee | this suite includes a private bath and reorganization and industrial recoVery and Arthur B. Heaton heads the Gen- | spacious closets, giving complete and S, legislation, as well as various OLNer |eral Committee in charge of the | private arrangement for the master of measures. Renovize Washington movement. | the house, overlooking the rear gar- Six-Point Tax Program. | i, Stemn | expects to jowney 10| dens. - ik 2 the realtors at their elphia next wee make a | Two other rooms of ample size ani mfiféi}i?ofi“ fi‘:l‘?ged ?emmion of the fstudv of plans followed in the expo- | 5 path complete the second floor plan escociation’s six-point tax program |sition conducted there in connection | on a higher level. ‘ adopted at the January sessions held | With the highly successful Renovize | Cost of construction at present-day here; indorsement of the Federal Gov- |Philadelphia Campaign. | price levels of labor and materiais| e swing of real estate activity forms , enment’s steps toward a nation-wide - —e————— | would range from $9,000 to $14,000, in | ‘.o AP RS B O R et in egrated mortgage credit system; and | FIVE DWELLINGS SOLD the estimation of the architect. Pro- 8 definite cycle which coincides exactly continuation of the association’s ef- | | vision for servants’ quarters in the ' with the fluctuation of the marriage 1775 looking toward the establishment | ————— | basement is included in this estimate.| rate, realtors attending the National| e e ™ raide for | Northeast Properties Disposed of Association of Read Estate Boards Con- discounting under proper safe- | Through L. T. Gravatte. {HISTORIC TAVERN CHANGE | vention in Chicago last week were told | i and conditions of all types of | | | by Delbert S. Wenzlick, St. Louis reai uban real estate mortgages. | Sale of five dwellings during the last | | estate analyst. mportant step was taken by the gmmhmwu ]'r:)pomd today by L. T.|Gen. Washington Would Not li,ec-1 ‘Whether m,,!,,;l“e, .m]d,pmdmc on in resolvi to | Gravatte, realtor. | real estate activity or real estate move- y’m.«‘.’fit‘?“%'o'fifds P g individual | These included 19 Longfellow street| O8mize Place in Commecticut. | Tie, #qct T Y o T e Mr. y-a'iors everywhere to assist in every |northeast, sold to Auvelio Rossilli, for | Harpin's Tavern, Bridgeport, ., | Wenzlick did not say. hle way the development of sound |the bullder, James N. Hughes; 517 was a thriving hostelry back in Revo- He did point out, however, that the “‘u'icns aiding in the financing of (Sixth street ncrtheast, sold to John H.| Jutionary days. On several historic accumulated force of delayed marriages o2l ectate. especially in the develop- |and Lena W. Small for Andrew J. and | occasions it served as General Wash- | piling up will prove one of the prin- mant of sound building and loan asso- | Etta J. Leppert; 1704 B street north- | ington's headquarters, notably during | cipal factors which will pull the coun- cisti‘ns and of mutual savings banks, | east. purchased by Edgar W. McKean 'the march from New York to Boston | try out of the depression. ‘tutions designed primarily for the from Margaret H. Gantt: 3116 Eight- 5. | _“In periods such as we have just come exicnsion of long-term credit. | eenth street, sold to Miss Nellle B., Today, the structure that was once through, marriages are delayed, ap- The principle of advance pianning Daly for Mrs, E. F. Alexander, and | Harpin's Tavern is a_private home. | parently, not lost,” Mr. Wenzlick de- of public works was indorsed by the 1016 B. street, sold to Emil and Mina | Should the ghost of Washington re- realtors as an aid in stabilizing busi- | Kohler for the owners, Willlam E. and | turn, he would not recognize the old ness industry and employment and also | Elizabeth Holt. place, for the ancient shingled ex- WOODRIDGE in improving methods cf public ad- ——— ~ aernoa s gone. Inside, too, there are ministration. President William C. | astic _changes. O s ety wae. authorized by | FIRM IS INCORPORATED | === BUNGALOW the association to appoint a special | i e Vs | committee to cooperate with the Fed-| The real estate office of Harry E.| $ $1,000 Cash eral Employment Stabilization Board | Gladman, organized in 1901, was this | $35 Month in this respect. | week incorporated as Harry E. Glad- ’ Ownership Move Backed. et E;‘-h‘:'m’n rding to an announce- Beautiful High Location The association voted to support the | Ommcers of the corporation are Mr. 5 large rooms, bath, attic, cellar. This property is just like new and priced $3,000 under value. OPEN FOR INSPECTION 2600 22nd St. Northeast See It and Save Money WAPLE & JAMES, INC. 1226 14th St. NNW. Dlst. 3347 Drive out Rittenhouse St. to Utah Ave.—at 30th St— one-half square to property. AREAL BUY 56,950 1362 Perry Place N.W. 1, block off 14th St. and just north of 14th and Park Road. Brick house, 20 ft. wide, with 6 large rooms and tiled bath; hot-water heat and instantaneous heater. In new-house shape. Open Today and Sunday for Inspection H.G. Smithy Co. NA. 5904 1731 Park Rd. N.W. Near the beautiful Sacred Heart Church and thoroughly modern. This corner home of Colonial design has 4 large bed rooms, 2 baths and first-floor lavatory. DETACHED BRICK Big front porch of concrete, finished attic, tile roof, 2-car garage, maid’s room and complete bath in basement. Just reno- vated throughout including new Frigidaire, gas range, shades, etc. | | g ‘Wesley Buchanan, Inc. "Realtor 916 15th St. N.W. ME. 1143 New Home Reduced in Price 5355 29th Street (Chevy Chase, D. C.) Price $10,250 Brand - new, _de containing 6 ro: breakfast room. atti spacious lot. garage. Large con- poreh _overlooking A real sacrifice Located just 1% square south of Military Road. and not far from Rock Creek ark. Open Sunday, 11 to 6 Alfred T. Newbold 5211 Wisc. Ave. CLev. 8000 1425 Juniper St. N.W. An English type brick home of real distinction, at a price far below other similar properties in this exclusive section. Exceptionally large living room with panelling over fireplace; 2 colored tile bat] today’s kitchen, with refrigeration; pantry; break- fast nook; 3 large bed rooms with immense closets; cedar store room in attic. 2-car garage. Lot 50x127 dotted with young trees. $13,750 OPEN TODAY Wm. H. Saunders Co., Inc. 1519 K St. NW. PUT YOUR MONEY Don’t fail to see the most remarkable house ever offered on 16th St. at such a reasonable price Open today and all day Sunday Realty Associates, Inc. Realtors 1506 K St. N.W. NA. 1438 For Your Inspection It Is OPEN TODAY AND SUNDAY Wm. L. Moore Dist. 1015 IN REAL ESTATE NOW An All-Brick-Veneered Home The Finest Kind of Construction and Seldom Given in a Bungalow [ IANARRARANRRNNNNARANNNNNY % New Detached Bric k s Homes in Washington’s most desirable residen- '%tial neighborhood. Those who know Mass. Ave. Park and Spring Valley will be proud of these addresses. 4708 46th two baths. §9 950 room. and ' elaborately i spacious porches, 4709 47th rooms, bath and Charmine or $8,750 most unusual interior. y modern feature. Two-car ga- 4704 49th A $9,950 ey caquipoed open fireplace. finished attic. De- large lot, brick ga- S ¥ 1024 Vt. Ave. Two Bargains in Cleveland Park 3807 Yuma St. N.W. (North Cleveland Park) Price, $7,950 This modern detached, 6- room home stands on one of the highest elevations in the District. Colonial porch, southern exposure; lot 55 ft. wide, beautifully landscaped. Two-car garage. 3418 Porter Street Price, $9,250 Eight-room _semi-detached brick home with side center- entrance hall, 1% baths, sun room, open fireplace, large at- tic, built-in garage. Just re- decorated. Beautiful land- scaped lot 145 ft. deep. Con- venient to two car lines. Building Costs Advance! @ Confidence everywhere is re- turning there has already been a decided increase in com modity prices and building costs . each day brings further ad vances. To delay longer the purchase of your home will un- doubtedly, mean higher costs and less favorable terms. @ Visit our Model Home at 4410 Volta Place, three short blocks south of Reservoir Road, and see why shrewd and far- seeing people are buying their homes in Foxall-—NOW. rooms, home, studio first floor, kitchen, bed room lavatory on modern sunlight nine spacious closets, master bed room with private lava- tory, electric refrigeration. Four and This property is priced for an immediate sale at almost half its original value.’ Con- venient terms. The home has been com- pletely remodeled throughout with every requisite for modern and comfortable living—as modern in every respect as homes built today. Situated on a wide, deep, shaded lot, the house contains 9 rooms—5 bed rooms, 2 baths on second floor, maid’s room and bath, 2-car brick garage. Every prospective homeowner shougld carefully inspect this home Sunday. & Preuningers Sons (Ezclusive Agents) Semi-Detached All Brick Room—Garage Six rooms. two baths nd comp] m 1 outlook Recreation 6612 6th St. N.W. $7,950 6 large, beautiful rooms (3 real bedraoms)—colored tile bath with shower—full length screens—large living and dining rooms—kitchen with built-in cabinet and insulated heat control gas range—electric —awnings, including front porch awning. G Beautiful lot. Open Saturday after- Drive out Georgia Ave. to Van noon and Sunday Buren St., right to 6th St. GOSS REALTY COMPANY 1405 EYE ST. J. S. EATON, Sales Department Wmm\\\\\\\“v\\\\‘\\\\\\t\\i‘\\\\\\\ AR S SNSRI R NN These are real home values— homes well located and well constructed. All have slate roofs, copper downspouting, and every new labor-saving convenience that is practical They are open for your spection. The best route through Mass. Ave. and then north. ROBERT W. SAVAGE 717 Union Trust Bldg. NA.6799 TUCTTTTRLNE 1341 Shepherd St. Northeast Most Unusual Price And Terms Both the above homes open g today and all day Sunday Realty Associates, Inc. 1506 K St. N'W. NA. 1438 Chas. M. Wallingsford Builder and Owner 1010 Vermont Ave. N.W. e WAVERLY TAYLOR. S 1522 K Street Nat'l 1040 Sdethtatetetetetetetetadth ettt ettt ittt dhttated Investment Bidg. NA. 1353