Evening Star Newspaper, November 30, 1935, Page 20

REAL ESTATE HOME COST RISE OF 60 PCT. SEEN Head of Real Estate Boards Warns Against Peak Price Buying Later. Walter 8. Schmidt, Cincinnati, presi- dent of the National Association of Real Estate Boards, points out the advisability of building and buying before shortage begins its inevitable pinch. He says: “Today, fewer living units exist in the country than we had five years ago. In that same five years families in America have increased by almost two millions. From now on we must build about five hundred thousand liv- ing units a year to repair losses and supply new families. That task will be extremely difficult. because hundreds of thousands of skilled mechanics have died or gone into other work, and no apprentices have been in training for years. Consider beyond this the de- mand that will come when families undouble and those inadequately housed want new quarters. “Construction is ready to start, if there are not unnatural retardments and impediments placed inits way that cause fear, and stifle private enter- prise. With building active, prices will advance. General business is get= ting better. Putting these two ele- ments together it is my prediction that the next few years will see about a 60 per cent increase in land and building cost. “It is plam that the wise person will protect himself before it is too late to buy or build economically. He will acquire or build before the time goes by when he can gain advantage of present prices. “The shrewd investor uses his sav- ings, even borrows to buy, as things move up:; the foolish one, fearful, ‘waits and buys at the peak. This past four years I have not advised any one to purchase—the moment was not ripe; now, I urge it most strongly.” Buildi_l;g Loan (C d From First Page.) in new loans. In addition 32 of the States show a gradual pick-up in new investments. Some of them are receiving it in such volume as to be unable to place it out in loans and are turning it back or limiting new investments. Others find that only insured building and loan associations NSNS S == CHANBER 40120 se—iTssS Attractive home plan drawn for The Star by J. Himmelheber. Co- lonial in design, the house would be constructed of red brick with white woodwork trimming. The dining room is arranged in such a way &s to create a feeling of spa- clousness. That section of the room not occupied by the table and chairs could be used in connection with the living space. However, the dining space is none the less private, and the fireplace could be appreciated from either the dining or living rooms. The upstairs porch suggests a variety of uses, It may be converted into a bed room and bath, a glass-inclosed sleeping porch or an upstairs live ing room, TMODERNIZATION LOANS TO FARMERS SET RECORD F. H. A. Reports Total $905,293 Approved for In- surance in September. Modernization loans to farmers | With throughout' the country made by pri- | chemical that catches all dust,,pollen | vate financial institutions, and insured | 8nd other impurities of air. FIBROUS GLASS * HELD PRACTICAL Many Uses Have Been Found for Product in Home and Industry. Glass in fibrous form has been found definitely practical in almost limitless application, and every indi- cation points to its development in many new fields in 1936 in & manner that is of direct interest to almost every industry and to home owners. A large manufacturer in Toledo, Ohio, which long has been identified with the manufacture of glass con- tainers and products for almost every purpose in industry, science and the home, has through many months of research, perfected its process of draw- ing glass into fiber so that its appli- cation is almost infinite. ‘That company, which recently an- nounced & new type of glass block, a material that bids fair to revolu- tionize much of present-day building construction methads, places glass, therefore, in a particularly interesting role for the coming year. It becomes entirely practical, for instance, to think of living in homes and working in buildings of glass block structures insulated against heat and cold by glass “wool,” the air en- tering such buildings through warm air furnaces and ventilating systems cleaned by fibrous glass filters, electri- cal illumination flowing through wires insulated with glass threads, and car- pets, curtains and other articles woven of glass, Glass block enables the entrance of as much as 86 per cent of exterior light without glare, bending of light rays upward, across the room or floor- ward, controlled by the pattern face of the brick. Diffusion and non-con- ductivity of glass enables such ma- sonry to reduce temperatures due to direct sunlight. o In buildings not of glass block, glass “wool” as an insulation to keep rooms warmer in Winter and cooler in Sum- mer, further acts as a fire, vermin and moisture proof banket, definitely cut- ting heating costs, reducing hazards of fire and protecting wood construc- tion from termites, moisture and other enemies of permanency. Glass wool of | also has fine acoustical properties and | is coming into use as insulation for steam aad other pipes. Fibrous glass filters are sprayed an odorless, non-evaporating ‘They SATURDAY, NOVEMBER 30, 1935. Hint to Floor Painters. Rub With Sour Milk. ‘When painting a floor, be sure to| If glossy spots appear after the paint HOME SHOW DATES ANNOUNCED BY Fu H. A, [start at the side farthest from the | nas ‘aried, they may sometimes be door s0 as to avoid the embarrassing | removed if rubbed down with a cloth J.nu." 4 Has Been Delignlted situation of “painting yourself in.” soaked in sour milk. as Time for Baltimore = Exhibition. Definite dates were announced today by the exhibition unit of the Federal Housing Administration for the first of the series of National Home Shows || to be held in different cities during the next few months. Those set to date are Baltimore, Md., January 4 to 11; Houston, Tex., January 11 to 18; San Diego, Calif., January 15 to Sep- tember 9 (at the reopening of Amer- ica’s Exposition) : Miami, Fla., January 25 to February 1; Louisville, Ky., Feb- ruary 37 to March 7, and Detroit, Mich., February 14 to 23, Others will be announced later. MAY AID HEATING = ‘l , Presenting a ‘ New Center-Hall Colonial fi Properly Designed Radiator Cov- ers Seen as Help. Radiator covers, if properly de- signed, will not cut down the heating efficiency of the radiators, but will in some cases actually increase it. The | most efficient cover has an opening ||| about 3 or 4 inches high at the bot- tom of the front plate at the floor ||| level and has a grill on top or else|| has the top entirely open. Such a cover acts as a flue and creates an ||| | up-draft through the radiator, which | blows the warmed air out into the |||l room at a quickened speed. Thus || the entire air of the room is put in|| ||| motion and the warmth more quickly and more evenly distributed. | 26 Kennedy Street Between Blair Rd. and N. H. Ave. A quality-built home in one of Washington’s most de- lightful r tial sections—and priced within your means. BED ROOM AND BATH ON 1ST FLOOR Features Bryant Gas heating system Covper flashings Rock wool insulation 2-car brick garage with overhead doors Lot 50x17 scaped # large rooms 2 tiled baths and shower Recreation room . Hardwood floors . Weather stripped Gas Electrolux refrigerator . Hot water heat $9,950 OPEN DAILY AND SUNDAY UNTIL 9 P.M. L. F. ROBERTSON I Ouwner and Builder | 825 Tuckerman St. N.W. Ge. 4551 | sodded and land- [ as insulation for electric wires and cables to reduce fire hazards. | And so glass, one of man's oldest materials, applied in countless ways for many years, pushing aside almost every other material as the ideal con- | tainer for milk, medicines, acids, foods and liquids of every description, pri- marily because of its sanitation and | resistance to the attacks of all de- stroying elements, now—as a fibrous product—helps the sheep, the silk worm and the cotton picker in serv- L {ng man. (s See this home today and be convinced of its value at this low price, | Drive out New Hamp- shire Ave. to Kennedy St., right to home, _— are getting much of the new funds. | In still others-sale of new shares is Just beginning to recover. 1 “The States which are reporting | too much money, placing limitations | on the amount which they will re- | ceive from a single shareholder, are | up against the proposition of insuf- ficient loan demand,” says Mr. Cel- larius. “Nineteen of the States say that the demand is insufficient to use all available moneys. Many of these, | however, report improving conditions because of the strenuous efforts be- Y —— ing made in the metropolitan centers | to start building of homes. There is also optimism about the develop- ment of better loan demand because 31 States report that rentals are | higher and desirable homes hard to | find. In only five States is a brisk real estate market reported as yet, | but the signs are in the making, all | seem to conclude. majority of the home financing. “The outflow of funds into home| OKLAHOMA—A steady increase in loans is, of course, conditioned by |loans is reported, with more than the lack of demand reported above, | $2,000,000 having been put to work but in 31 of the States there is shown | since January 1, 1935. s high percentage increase in the| OREGON—A volume of new loans volume of new loans, over any ac- | js peing made. tivities of the past few years.” RHODE ISLAN e ikiion Comments on Activities. has made 2,000 loans in the past year A few of the comments on 108DINE ggoregating $2,500,000. activities which put the recovery & month, but this is far below normal ‘because of lack of loan demand. MONTANA—New loans are being made all over the State. NEW YORK—Savings and loan as- sociations are doing more than & State are loaning out about al.ouo‘oun" erally making every reasonable loan | | requested. NORTH CAROLINA — There {s | much activity in new construction. NEW JERSEY—Approximately 12 to 15 million dollars is available each quarter for new mortgage money, not including the money which may be available frim the Federal Home Loan Bank System. “Thirteen of the reporting State secretaries said that they are noticing & definite gain in resources among { many of the associations in their States,” Mr. Cellarius continued. “The consensus seems to be that associa- tions are stepping rapidly back into their old roles in the community.” | This total represents 2,591 loans. The | internal combustion engines they elim- by the Federal Housing Administra- | eliminate solled walls, protect furnish- | tion broke all previous records during | ings in homes and merchandise in| September with a total of $005,293.26. | Stores from dust and when used in previous record was set in July with|inate much costly repair and replace- 1,958 loans totaling $737,835. ment traceable to the abrasive action Loans made to farmers are repay-|of dust. able seasonally after harvesting crops| Bed rooms in which the air is fil- and not in regular monthly payments, | tered through glass fiber have proven | 85 is the case with loans made under | of definite aid to hay-fever sufferers. | the Modernization Credit Plan for| As & novelty idea, glass fiber in the | urban jobs. Under the seasonal re-|form of yarn and thread has been | payment plan, not less than one pay-| used recently to crochet hats, em- ment must be made within a y broider doilies and knit purses, but | after the loan is made commercially it is being used now | Spring. NLY twenty minutes from downtown Washington, Now is the time to draw plans for your “home of dreams” in Kenwood, to be completed when the Kenwood Cherry trees are in blossom, enabling you to enjoy the beauties of Washington’s Finest Residential Community in the Home soon to be started on Chamberlin Avenue in Kenwood for one of Washe ington's promis nent attorneys, designed by Eimer Cappel mann. stamp on this business as a whole are listed here: CALIFORNIA—Seventy per cent of the associations have been making loans during 1935, as against 51 per cent in 1934. CONNECTICUT—New loans are be- | ing made, using most of the available money. DISTRICT OF COLUMBIA—Loan- ing at the rate of $2,000,000 per month. ILLINOIS—New loans are being made in all parts of the State ex- cept in a few counties. INDIANA—A recent questionnaire showed 78 associations making loans amounting to $3,904,742. KANSAS—S8o far during 1935 the SOUTH CAROLINA—Within the | last 12 months there has been a con- siderable demand for new home mortgage loans which have been met in most cases and have absorbed local available funds. SOUTH DOKOTA—New houses are | being built and many homes being | | bought, most of them financed by the ;bmldmg and loan associations of the State. TENNESSEE—New loans are being | made by associations offering a more liberal loan plan to borrowers and such associations are experiencing | little difficulty in finding an outlet for funds on hand. WASHINGTON—Wnhile fewer pur- chase loans were made in September 59,500 Completely reconditioned home on fine residential street in Woodley Park, just 1 block from the Ward- man Park Hotel, near trans- portation, stores and churches. Colonial front porch, seven rooms (4 bed- rooms), tiled bath, screened lower porch, modern kitchen with electric refrigeration, The stores. heater and Frigidaire. new boulevard street. No leases. Priced to Practically new fireproof building, containing 4 apartments end 3 Each apartment 4 rooms, kitchen, bath, outomatic hot-water Concrete bock porches. with oil burner. Roof guaranteed for 10 years. Large yard. Location, All rented to desirable tenants, ot low rents. Belle Building equipped Sell to Show Visit Kenwood now and select your home site among the many beautiful trees, where the present price of land is far below its actual value. All residents of Kenwood are members of the Kenwood Golf and Country Club and enjoy all Club facilities, only a step from their front door. ]@1&&9‘9 Ckam[)erlin Developmen{ Co. Kenwood Office Wisconsin 4425 Kennedy Drive and Chamberlin Ave. Kenwood, Md. associations have loaned approximate- 1y $4,000,000. LOUISIANA—The lending situation is improving, 2,986 loans totalling $9,908,000 were made during the year ending September 30, 1935. MISSOURI—The associations of the | than in August, this may be ac- counted for as a seasonal decline, as new loans are now being made in fair quantities. There was a sizable in- crease in construction loans in Au- gust over July. WISCONSIN—Associations are gen- A Williamsburg Colonial Here is a Distinctive “Period” Home of Real Charm . . . It will appeal to only a small group of people.. .. But if you want something different 3307 Quesada St., Chevy Chase, D. C. =———FEATURING— Detached Garege OPEN DAILY Gas Kitchen AND SUNDAY @ Breakfast Nook ©® Handmade Brick @ Arched Doors of Paneled Design ® Built-in Bookcase ©® 2 Large Porches DIRECTIONS: Drive out Conn. Ave. to Chevy Chase Circle, right 1 block on Western Avenue to Quesada Street. and straight ahead to Post Model Home group. J. WESLEY BUCHANAN, INC. 916 15th St. N.W, MEt. 1143 Beautiful Mantel Wall Paper of Unusual Design brick garage. Open and Lighted Today and Sunday Until 9 P.M. Drive out Comnecticut Avenue fo Woodley =Road, turn left two blocks, turn ht house. o H.G. Smithy Co 811 15thSt. Na. 5903 i Over 25% on Capital Invested For Inspection CALL Urciolo Realty Co. Realtors, 907 N. Y. Ave. Met. 4941 price. Its setting is a corner lot charm any woman. On second storage room. Equipment such i 6903 A Distinguished New Home in Woodbine, Chevy Chase Unquestionably the Finest Home ever built to sell for Truly & home beautiful. No expense was spared in the materials and equipment used in its cone struction, Its finish and details of refinement characterize homes several thousand dollars higher in tive den panelled in knotty pine, & dining room that will delight you, breakfast room and a kitchen to kitchen, maid’s bath in cellar, should interest the most critical homeseeker, 4 inches of rock wool ' insulation, screens, metal weather-stripped. GLENDALE RD. M. B. Swanson Construction Co. $13.,950 « with 100 ft. frontage. Center hall plan. Spacious living room, attrac floor there are three large bed rooms and two fine baths and immense as unusually attractive electric fixtures, Venetian blinds, oil heat, G. E. Furred walls, of course, Drive out Conn. Ave. to East Woodbine St., between the Clubs, turn right one block to property. E. B. TOOLE, Sales One of - Open Today, Sunday and Daily to 9 P.M. 729 15th St. N.W. : . the Charming Homes, Em R N.W., having all and with oil burner. rices, $11,750 and $11,950 GRAVATTE Realtor bodying Superior Features of Modern- Day Appointments and Conveniences 5712 32 St. N.W. Six Rooms—Sun Room—Recreation R o o m —Breakfast Nook—Two Baths—Gas Furnace—2-Car Built-in Garage. Unusually well constructed, larger and better than the average homes being offered; a delightful neighborhood, east of Connecticut Avenue, near Nebraska Avenue; commodious appointments, walls furred and rock wool insulation; electric refrigeration, screens, weather strips, open fireplace, finished attic, a convenient 2-car built-in garage. Beautifully landscaped lot with towering oak tree. For those desiring a lesser priced home. see 5716 _32nd Street, the features above but of & different design National 0753