Evening Star Newspaper, April 6, 1935, Page 21

REALC ESTATE. 418 NEW HOMES RECORD IN MARCH Number of Residential Units Ten Times Greater Than in 1934 Period. (Continued From First Page.) Florida avenue northeast; to cost $16,000. Jacobson Bros., 1616 K street, owners and builders; George S. White, designer; to erect two 2-story brick dwellings, 1331 and 1335 Somerset place: to cost $12,000. A. S. Lord, 927 Fifteenth street, owner, builder; M. S. May, architect; to erect three 2-story brick dwellings, 241, 243 and 245 Farragut street; to cost $12,000. John Herath, 2305 R street south- east, owner and builder; Henry Herath, designer; to erect two 2-story brick and tile dwellings, 2233 and 2235 Naylor road; to cost $11,000. H. E. Lowe, 2700 Rodman street, owner and builder; C. B. White, de- signer; to erect one 2!2-story brick end tile dwelling, 7315 Fifteenth place; to cost $11,000. . L. E. Breuninger & Sons, Inc., 1515 K street, owners and builders; H. L. Breuninger, architect; to erect one 2-story brick and cinder block dwell- ing, 4540 Dexter road, to cost $10,000. G. F. Mikkelson, Chevy Chase, Md., owner and builder; R. W. Berry, de- signer; to erect one 2-story brick and tile dwelling, 3341 Rittenhouse street, to cost $9.000. Cecelia Craven, 1725 De Sales street, owner; Julius Wenig, architect; Whitty Construction Co., 1103 Vermont ave- nue, builders; to erect one 1-story brick office, 2117 K street, to cost $9,000. Fred Logeman, 1751 L street, owner; Henry Herath, 2305 R street southeast, designer and builder; to erect two 2-story brick and tile dwellings, 1914- 1916 Q street southeast, to cost $9.000. G. F. Mikkelson, Chevy Chase, Md., owner and builder; R. W. Berry, de- signer: to erect one 2-story brick and tile dwelling. 3337 Rittenhouse street, to cost $9.000. L. O. Turner, 5018 Fourth street, owner and builder; George T. Sant- myers, architect: to erect one 2-story brick flat, 5426 Fourth street, to cost 7,000. C. W. Sherier, 5005 Conduit road, owner and designer; W. J. Saunders, 1749 P street, builder; to erect one 2-story brick and frame dwelling, 5017 Conduit road, to cost $7.460. Bowling & Gardiner, 3812 Harrison street, owners and builders; L. R. Moss, architect: to erect one 2-story brick dwelling, 6159 Thirty-first place, to cost $6.500. Ralph E. Lancaster, 1420 Morse street northeast, owner; A. C. Tolson, Jr., designer; Tolson, Kemp & Nix, Inc., 2314 Rhode Island avenue north- east, builders; to erect one 2-story brick and tile dwelling, 1917 Ran- dolph street northeast; to cost $6,500. Two-Story Block Dwelling Paul T. Stone, Inc., 918 Fifteenth street, owners and builders; Paul T. Stone, designer; to erect one 2-story brick and cinder block dwelling, 6011 Broad Branch road: to cost $6,500. Bowling & Gardner, 3812 Harri- son street, owners and builders; L. R. Moss, architect; to erect one 2-story brick dwelling, 6161 Thirty-first place; to_cost $6.500. Paul T. Stone, Inc., 918 Fifteenth street, owners and builders; Paul T. Stone, designer; to erect one 2-story brick dwelling, 6007 Broad Branch road; to cost $6,500. Edward A. Hyde, 1324 Levis street northeast, owner, designer and build- er; to erect one 2-story brick dwelling, 5929 Leffler place, to cost $6,500. Louise L. Bezdek, 1829 Jackson street, northeast, owner; Linkins, jr. 1734 Lamont street, de- signer and builder; ing. 6016 North Dakota avenue; cost $6,000. L. E. Breuninger & Sons, Inc., 1515 K street, owners and builders; H. L. Breuninger, architect; to erect one to 2-story brick dwelling, 6217 Tmnieth“ | street; to cost $6,000. Frances E. Flaherty, 66-A Bates street, owner; A. E. Alexander, design- | er; to erect one 2-story brick dwelling, 3615 Fourteenth street; to cost $5.000. George F. Eppley, 163 U street north- east, owner and builder; George Clem- mer, designer; to erect one 11-story | brick and tile dwelling, 44 Madison | street northeast; to cost $5,000. Joseph D. Gatti, 4200 Sixteenth street, owner and designer; Martin Bros,, 1341 Connecticut avenue, build- ers; to erect one 1-story brick store, 250 Kennedy street: to cost $5,000. W. H. Brooks, 527 Tennessee avenue southeast, owner: Henry J. Tinley, Baltimore, Md., designer and builder; to erect one 2-story brick dwelling, 3111 W place southeast; to cost $4,700. O. T. and W. A. Carr, Mills Build- irg, owner and builder; R. B. Carr, | architect; to erect one 2-story brick dwelling, 4639 Davenport street; to | cost $4,500. | Mrs. Chapman Slye, 4322 Bowen | road southeast, owner; H. C. Scott, de- | signer; F. W. Horton, Alexandria, Va., | builder; to erect one 2-story frame dwelling 4212 Burns street southeast; to cost $3,500. Ambassador Hotel Corp., owners and | builders; to make alterations, Four- teenth and K streets; to cost $3.000. National Savings and Trust Co, trustees; Carroll Meigs, architect; Skinker & Garrett, 1719 L street, builders; to make repairs, 730 Jackson Pplace; to cost $2,500. Dorothy M. Duty, 1332 Kennedy street, owner; H. L. Brockway, 51614 M street northeast, builder; to make repairs, 633 E street southeast; to cost | $2,000. F. M. Davenport, 808 Seventeenth street, owner; Martin Bros., 1341 Con- necticut avenue, builders; to make re- pairs, 8000 Parkside lane; to cost $2,000. Price Reduced $500 William H. | to erect one; 1-story brick and cinder block dwell- | THE EVENING STAR,” WASHINGTON, New Home Financed Through F. H. A. Plan ‘The attractive home just purchased by Mr. and Mrs. Robert B. Smith, with the help of a long-term mortgage insured by the Federal Housing Administration, is shown above. Westmoreland Hills, and was purchased from the Loughborough Development Corp. The house is located at 8 Albermarle street, —Star Staff Photo. REALTORS OPPOSE CONSTRUCTION CODE _ FOR HOME BUILDERS (Continued From First Page.) | that, in a normal year, they build or cause to be built approximately 35,000 homes. This constitutes from one- third to one-half of the total number of single family dwellings commer- cially built and sold in the country under normal conditions. Most of | the houses so built cost less than $10,000. The whole matter of code freedom for home building has been pending for more than a year. To protect the interests of its members the associa- | tion has filed a special code for land development and home building and | has received from the National Re- | covery Administration a stay with re- | spect to the provisions of the con- struction code, except those having | to do with child labor, minimum | wages and maximum hours. In the National Recovery Adminis- | tration three advisory boards, namely, | the Consumers’ Advisory Board, the | Industrial Advisory Board and the | Research and Planning Board, have | recognized that home building should | not be subjected to the costs and | innumerable regulations which the construction code seeks to impose, and have recommended the granting | | of the independent code for home | building filed by the association. | _ The association, in addressing the | | Senate Finance Committee, objects to the construction code not only as ad- verse to the public interest as delaying | new home building, retarding home | ownership and deterring employment, | but also on further grounds: Commerce Clause Hit. “l. The development of land and the construction of building is not in- terstate commerce. The fact that certain objects and materials used in the building of a house may have been transported from one State to another does not make the process of building the house itself interstate commerce as contemplated by the na- tional recovery act. If the words ‘in- terstate commerce’ can be expanded to include an activity of this kind, the term will have lost its meaning and all business must be classified as inter- | state commerce. | _“2. The construction code seeks, by definition, to control activities not | | commercial in character. Under the | definition in the construction code, | costing more than $2,000 is subject to its provision. This means that the | farmer who undertakes to build a barn is subject to the code. So is the man who undertakes to build his own house | with his own hands. So is the man who desires to build an addition to his home and employs for this purpose a local carpenter or small contractor. It seems to us questionable whether such persons of whom there are mil- lions, can be said to be engaged in either commerce or industry in pre- paring such facilties for their own use or enjoyment. Nevertheless, the con- struction code now requires that all intentions and activities to the code ! authority of the construction cod 1| Washington and must conduct their ! New Colonial Cape Cod 4714 Morgan Drive Chevy Chase Gardens 5 Large Rooms Full Basement Open Fireplace Fully Insulated Screened ‘Weather-stripped Side Porch All-brick Construction Slate Roof Built-in Garage Corner Lot, 65 Ft. Wide Paved Street $7,950 Directions — Out Wisconsin _Ave. to Morgan Drive, left to property. CYRUS KEISER, Jr. 5211 Wisconsin Ave. CL 5371 ESIDES an amazing new B plus features: 1 any construction in the United States | | such citizens, located on farms, in |; villages and in cities, must report their | f§ operations under regulations so de- tailed and complex that they cannot be understood by a layman. We be- lieve that such activities are of such private and personal character that it was never contemplated by Congress or by the law that they be classified ' either as ‘industry’ or as ‘interstate commerce. Building Held a Function. “3. Construction is not an industry. The construction code seeks to define all construction costing $2,000 or over as a part of the so-called ‘construc- tion industry.’ We believe that this defines a function but not an in- dustry. In the field of construction there are a great number of varied lines of business, often highly com- titive, seeking to sell goods and services to the public. These various lines of business have no common purposes, no common policy, no com- mon management. In fact, they have a few common problems To seek to group all these lines of business, of which there are scores, as a coherent unit which might be called an indus- try is contrary to all fact and all experience. All efforts to organize the construction field through voluntary association in past years have failed. The construction code will fail to do so because the attempt is illogical. The attempt to group all construction activities under one heading as an industry is just as illogical as it would be to attempt to set up a code governing all machinery and the ac- tivities concerned with all machinery under one heading and to seek to designate this grouping as an indus- try to which a code should be applied. “4. The code authority of the con- struction code is not representative. THe present construction code was formulated by a group of architects and contractors. The code authority of the ccastruction code consists to- day largely of similar persons. “5. The construction code levies forced contributions on those not represented in the code. authority. That millions of citizens should be constrained to make such contribu- tions to a code authority in which selection they have had no voice and of whose plans and purposes they have no knowledge, or else be in vio- lation of Federal law, is repugnant to all American tradition and usage. The construction code is im- TGS T Tt W 9 Beautiful Hillcrest § 1 6-Room Homes ‘These homes set on a nice terrace, with deep wooded lots. Beautiful sunlight kitchen of colored tile; also colored tile bathrooms. All exterior walls damp-proofed and furred out. Copper gutters and downspouts. ‘These homes are now nearing completion. Purchaser may se- . lect color scheme and electrical i fixtures. $7,250.00 On Terms within the reach of every ; purchaser. Directions: Cross 11th St. Bridge. turn up Good Hope Rd. to_Alabama_Ave. and 32nd St. S.E., turn right into propertv. New QuiEr MAY Oil Furnace adds four more Features to the best i 0il Heat. arrangement for clothes drying —Quier MAY Oil Furnace gives you these four other Heats any size house for less cost than coal and, in our experience, for less than any other oil furnace. 2. 3 4. same. 180 gallons of household hot water per hour. No tanks necessary—it all comes right out of the furnace. Heats cellar without radiators. Turn off the heat in Summer—get hot water just the Ask us to show you how these five revolutionary features work. COLUMBIA SPECIALTY CO. 1636 CONN. AVE. Fuel Oil NORTH 7861-2- Air Conditioning practical because it cannot be ad- ministered_ In addition to the gen- eral construction code, there are a number of supplementary codes, governing in detail various phases of the process of building. All of this constitutes a mass of material, having legal effect, which it would require weeks of study of well qualified law- yers to understand. To seek to apply this mass of regulations to the activ- ities of millions of citizens and small business men, most of them unsympa- thetic with the object sought, is an undertaking beyond the power of any administrative body, and possibly of any government.” Jobless at Record Levels. Unemployment in Switzerland reached a record high level recently. D. €, SATURDAY, TRUST PAYMENT TREND CHANGING “Direct Reduction” Plan Gaining Larger Following, Analysis Shows. An increasing number of the 2,500,- 000 American home owners whose mortgages are held by building and loan associations are now seeking to repay their loans by the “direct re- duction” plan, according to an article in the current issue of the Federal Home Loan Bank Review, which compares the three principal methods of long-term amortization. By the direct reduction plan, which 1s asserted to be the most economical and convenient of the three loan methods for the borrower, a fixed, unchanging payment is made each month, in an amount sufficient to extinguish the entire debt within a definite period, generally from 10 to 15 years, Part of each monthly pay- ment is applied to interest due on the unpaid balance of the loan, and the remainder to principal. The other two methods are the “share account sinking fund” and the “drop share” plans, Three Plans Compared. A table in the Review compares the three plans over the full period on a $3,000 loan at a nominal interest rate of 6 per cent. The table shows that by direct reduction payments, the borrower pays much less to clear the debt than by the “share account” plan, and that he pays off the loan in a shorter period. The effective interest rate paid by the borrower under the direct reduction plan is likewise lower than on loans on the share account plan. The complex share account plan is stated to be a survival of early days of the building and loan movement in this country, when virtually every member joined an association as an investor in the hope of eventually re- ceiving a home loan. As associations began to attract the savings of inves- tors, in addition to the separate class of borrowers, the justification for the plan largely disappeared. In most such institutions today, investors out- number the borrowers by as much five to one. . Other Plan a Compromise. The “drop share” or “cancel-and- indorse” plan is & compromise be- tween the other two plans. It was "Economical! ACACIA'S= MORTGAGE LOAN No service charge $8 per $1000 plan is just like paying rent! NO COMMISSION No renewal fees 5,9 Interest--No More For exam,le: The monthly payment on a $4,000 mortgage would be $32.00. at 5%% adjusted monthly. mortgage is paid in full. payments, or pay your loan off completely any time, This includes interest In 15% years your You can make larger This exceptional loan plan is available to owners of satisfactorily located properties in Washing. ton and nearby Maryland and Virginia. Write for Circular or Call in Person at MORTGAGE_LOAN DEPARTMENT ACACIA MUTUAL LIFE INSURANCE €O. Assets More Than $56,000,000 1437 K 8t. N.W, OLLOWa winding roadway through Spring Valley to- day — delight in ‘ Nature’s awaken- ing — enjoy the colorful hue of flowers, song- birds, the fresh fragrance of the outdoors . . ... Washington, D. €. Furnished Exhibit Home 4921 Quebec Street Open 10 A. M. to 9 P. M. otthast. Beothers Fottnas, cessories by Brown Tea Pot_Sh lnnwhy Keshishian Decorated by Wesley Heights Shops Modern Gas Conveni- ences by Washington Gas Light Co. it it M chusetts Avenue, turn left on Ford- Prin® Goad so. oi1 Quebec Street, Spring Vailey. W.C & A, 119°17th St N. MILLER District 4464 KPRIL 6, 1935. adopted by associations desiring to use the direct reduction system with- out giving up the “share account” feature. The use of the economical direct reduction loan plan is optional in most States for State-chartered build- ing and loan associations, an increas- ing number of which have adopted it. It is compulsory for all Federal savings and loan associations, except in the few States where State legis- lation makes such a plan imprac- ticable. Approximately 750 Federally chartered thrift and home financing institutions are now operating in 44 States. HOME PURCHASERS SAVE IN BUYING FROM BUILDERS —_(Continued Prom First Page) _ rectly benefit by the mutual mortgage insurance plan. They find safe and profitable employment for their funds, both in construction credits and mortgage credits. ‘The process of obtaining funds under this plan is simple, Federal Housing Administration officials stated. The person desiring to buy or build a home first gets detailed plans and cost estimates from archi- tects and contractors. He then files application for mortgage insurance with the Federal Housing Adminis- tration either through a bank or other lending institution or directly through a Federal housing insurance office. Responsibility Stated. With the application is filed a full statement of financial responsibility, as well as the plans and cost esti- mates. If the application is ap- proved, the Federal Housing Admin- istration makes a definite commit- ment to insure the mortgage when the property is completed according to specifications and when the mort- gage is signed and legally effective. When the house is already com- pleted, the mortgage can be put through immediately. When the house is to be built, a commercial bank can extend regular commercial 2 1736 Webster St. N.W. 8-room detached brick home: 4 bed- rooms, 2 baths. gas heat, garage. West of 16th’ St. A Fine Buy—See It ai Once Homes open all day Sunday Wm. M. Throckmorton Realtors Investment Bldg. Dist. 6092 Beautifully Located Home Overlooking ROCK CREEK VALLEY 1745 HOBART STREET N.W. 6 rooms, brick. Large liv- ing room with attractive fire- place. Dining room opening onto wide porch. Modern kitchen. Attractive bath with shower. 2 bed rooms opening onto rear porch. Clubroom, maid’s room and fireplace in basement. Gas heat. 2.car garage. Reason- ably priced. Favorable terms. OPEN SUNDAY 10 AM. to 6 P.M. To reach. drive ome square west of 16th Street. first street above Columbia Road. TOLEDO GUARANTY CORPORATION 1026 Woodward Building National 2626 REAL ESTATE, credit upon the commitment of the Federal Housing Administration, ad- vancing funds as the construction ‘work progresses. After the construc- tion work is completed and approved, the mortgage is then negotiated and the funds advanced on the commer- cial credit repaid. LUMBERMEN TO MEET IN CHICAGO APRIL 25 National Association Expected to Be Reconstituted as Federation of the Industry. The thirty-third annual meeting of the National Lumber Manufacturers Association will be held at the Drake Hotel, Chicago, on April 25, 26 and | 27. It is expected that at that time | the association will have been re- | constituted as a federation of the | American lumber manufacturing in- dustry through the affiliation of the more important regional associations and species groups. The meeting will have a wider appeal to the industry than most of the annual gatherings since 1929, The magnet which has particularly drawn the regionals together again is the necessity of common industry action and common trade-promotion activity. The fundamental group phase of promotion of lumber and timber products will be the re- sponsibility of the national associa- tion, leaving the regionals charged with the duty of promoting particu- lar species following the advance Work by the national. Behind the regional association work should be intensive and intelligent selling by individual companies in the markets created by national and regional as- sociations. * Second Trust Notes We will buy monthly payment de- ferred purchase money second trust notes. secured on owner-oecupied dwellings. Union Finance Co. 916 Woodward Blds. Nat'l 7936 BEECHWOOD In Chevy Chase Offers You the Most Ideal Setting for Your New Home THE NEW EXHIBIT HOUSE 6412 Is of stone baths and Meadow Lane %nd brick with 4 bedrooms, 2 many other features—among them the price . . . Attractive wooded e work and Lumber By W. T. Galliher & Bro. built home. Come The quality of materials and workmanship is an outstanding feature of a Mikkelson Out Sunday or Any Day to See This New Home Drive out Conn. Ave. past Chevy Chase Circle to Thorne apple St., turn lejt ore square, then left to house, 4 OTHER 4-BEDROOM HOUSES G. F. MIKKELSON % SON Owners and Builders MILTON F. SCHWAB, Sales 3353 Rittenhouse St. Just Completed 5-Bed-Room Colonial and Priced at Only $12,750 ~ Convenient Terms Open for Inspection Day and Evening at 502 Glebe Road, in the Country Club Section of WAVERLY HILLS One of Nearby Virginia's At @ 8 Spacious rooms 2 Tiled baths 2 Lavatories Recreation room 2-Car built-in garage , ©® Model kitchen ® Oil burner Drive out today—Over Key Bridge and sauares to T. J. Br Builder Developer FURNISHED MO HOME — 5626 13th St. N.W. —some of e New Floors o New Mantels e Concealed Radiation ® Recreation Room e Delco o New Bath Rooms tractive Home Communities Slate roof, furred walls Copper gutters Screened and weather-stripped Large corner lot containing 12,000 square feet Rear garden with pergola and pool Lee Highway to Glebe Road, left five property. WAlnut 8921 DEL the features— Oil Burner NG IN A WARDMAN HOME” | 810,506 AND $12,500 Drive out today—Open daily and Sunday’til 9 P.M.