Newspaper Page Text
SIN CUT IN COST
Chemical Bank Report Olves
Outline of Rise in Build
Little hope for further drastic do
,Olin* In the cost of building homes
in held out by the Chemical National
Bank, of New York, In a recent bul
etin devoted to the general subject
'af the "Cost of a Home." Incident
tally the bulletin contains an impres
sive review of the rise in building
prices from March, 1914, to March.
11922. The following is an extract
'ifrom the survey:
"During the last two years of the
war the volume of residential oon
struction was 'Tar below normal. A
short lived spell of active building
We Wave a Number of Attractive
etliag Les for sale in Varotes
Parts or the City a&M sDbarbe
at Reeenable Pries..
THOMAS J. FISHER
AND CO., INC.
738 15th Street N. W.
FOR REAL FV
First or Second Tr1
and satisfactorily it
Funds now on hand.
Consult Our L
713 14th St.
5 2-10 miles from W
Clarendon; price $75 to
Bridge Road opposite
Church, 3 minutes' wa
Wash. 4 Old Dominio
Georgetown), 7 or 8 1
Station on Falls Churcl
Pennsylvania Ave. N.
sales. Ground lies wt
316 feet, many attracti,
ridiculously low; terms
large as 65 feet front,
50 feet front, 125 feet
acre, sidewalks in front
young shade trees set (
TWO L.ARGE SIG1
* HOW TO REACH 4
Take 12th and Pa. awe. lI
utes' ride. Get off, walk n
3 minutes' walk, or take ec:
* ington and Old Dominion
get off at Lacey Station,
Cross Aqueduct bridge,
ingstone Heights, turn souti
y ou are at property; by ,
Falls Church road, turn at
only short distance from
road between Ballston and
opp osits Mt. Olivet Churci
Lots plainly marked-in
any time. LQTS WILL I
First come first served. Co
for sale; if suited (that is,
ting 100 cents' value for e1
lot you like best. For prici
will be given you on grou
You can inspect lots your
I took ground as excluiv
p rices on lota. Are loweri
Virginla. Predict exceptiol
Plats, prices, all informs
gr ounds all day sunday, A
Gladly give any information
yourself. Prices low. Th<
division high, dry, cool and
close to Washington.
Don't take my word for
sub-divisions first and then
,I SpeilIse in
1309 H St. N. W.
1810 CALIFORNIA STi
New apartment building under construction for David A. Baer.
It will contain twenty-one apartments of two and threel rooms and
bath each. Shannon & Luchs will handle the rental of th/ building.
occurred during 1919, followed by an for three different types of rbai
abrupt decline in 1920. While this dencs, showing in each came the
declinechanges in the various elements of
declne ffeced fery(-W of on-labor and material costs.
struction, its results were brought A home of type A cost In 1914
born mot vvidy totheaveage$5. 529. In 1920 the same house cost
home most vividly to the avertgll1
community through the nationwide $12,315, an Increase of 131 per cent
housing shortage which inevitably In relation to the 1914 figure. In
followed the cessation of building March, 1922. such a house would cost
Almost every city in the country 19.502, 71 per cent more than the 114
felt and continues to feel the pres. cost and 26 per eent below the mail.
sure of high rents and inadequate mum cost in 1920.
housing facilities. It is the problcn Type A-Two.Story Frame House.
of residential building, therefore, Ne',n Ra-eise Set$4 Fret.
which is of most immediate interest Contents $$.I rble feet-Floor sees
to the averag citizen. war tst.(Peak) Mar.
'"The detailed figures given here 9 1930. 1922.
with present a comparison of the E 8240 00 1420
cost of building a home in 1914 with Foundations and
the cost of the same building in 1920, cement 474 1.469 1.167
at the peak of the high price wave. pasoeig j50 67. l4t
and in March. 1922. The figures are Carpentry and glass 2,620 6923146
Painting ............20 608 64
ssnPlumbergg oad qsui ckl y8 6:
Heating .......... 400 1.029 712
etal *orkr......eplies. 456 301
Tile work .............40 87 64
Mantels D t 1me3 10
Ieseri........6 60 37?1
rr w7 140
Total cost .........16.629 12,95 9,602
Coat per ru. ft...5-0S -19 --0 44 1) 3 -26
('oat per sq. ft. ... 2.01 4 85 . .609
N E ~ai 234en5fchne .to 23 1
"The cost of a home of type B In
ING94wa $4,176 To build such
cent above 1914 ('oats. The present
lesneoiae qiklost of this home is 7.374 which is
;cent above 1914 pries and 24
ty our organization. percent below the maximum cost.
TyPe .-Two-story Colonial House.
Prompt replies. Is aoms (Incladis 2 .saile' reees)-Sses
11, very highnelevdtion,
reinbuigding sites.4 Pr7ce3
231~23 fee dee; males
5eep (47ar morethn.
of them; heg ntedek Mr
lumbing a$16.a . 30 $3 0 $:so
Heatin................410 1.271 ,045
Tilesork...............11 111174 171
Herdwrcey a......n 12i1n
Coatper to prpry 1bou 2 1,60r
Plrn atd 86th and M4 St6. (Wash
Man 34'eat Ier s42f 16,0816 748
Mantel~ w s .4.1 whi...h by 110 11se
walk north to p et 1"
throug Cheryal to Liv- 0115803603
at La tone H eie gh m tl an
$47y lof Ced on Chainhn W. W Bi 1
Mt.e 19ive Mehdscot o lage, Com
wak f0Lacey Station on you B E
nrpry located on mainute
inutes' walk of Lacey o IBON A
kline (28 minutes 12th
W.). Best service out
[CE PRICES for quick $ 9
11, very high elevation ,2buy0th
re building sites. Prices $20000mCked
very easy. Sizes: Some Few blocks from car i
231 feet deep; smallest porch, fine wall paper,
leep. (47 more than / , fixtures.
of them;: hedgre planted, 111 We have built and s
40lty Lotsl Mlocated,
Tio WLoo Satseveraters
ne tAe tain2m
fortthree ,roferenttybouof reor
changea in heuvaroouselementh)o
th.52u. n 19e0rtedaame huse cos
inareyatonatoioe 19n4 fgure.rI
coropanr26,peloenttedow te main
center of1eac lot..Ins2e.
E ScavDtioo .eservations.3
tie early, see7what.i69offere
reryMdollar you 2ay,6buy the
agentstftergputting my own
Pnthg H eat.ing. 20 60 66
allyl quick. .a.es,.1want5on2y
tion t offce. ill b on n c o frk .. ...f... 4t heain pi
pril9, 1 A. . unil drk. Marte ......... whe the weth
ty illgo eryfas.CSb-t per to. fthink. o you fuur 44 h
heathy Lo. wll ocaedTcour owlaehoe of htein5
ios oun 1f2r cot $9,67,ing pe
costbyof thil homerly THE74 whih i
pe cn bloghemaeumcot
PhoEecMvna49on . . ..tl..17$30H3
NEAR CITY CLUB
Offi ce Building Erected for In
ternational Bahk Transfer
red for $125,000.
One of the larger business real
estate transactions of the week was
the transfer to Harry Wardman of
the property at 138 0 street,
northwest, the building being ad
jacent to the City Club for a con
sideration stated to be $125,000.
This property had been pur
chased by the Internttional Bank
about a year ago and was to have
been used by that institutlob. How
ever, the decision* by the bank to
establish its headquarters in the
Southern Building made the 0
street property available for other
business and the sale to Harry
Wardman was negotiated during
the week by James Hobbs.
This property comprises a three.
story Bedford Stone structure which
was erected by Harry Wardman
about a year ago. It is understood
some interior alterations will be
made to make the property suit
able for rental purposes.
to $10,913, a figure 122 per cent
above the earlier cost. The cost of
erecting this house in March, 1922.
in $8,112, 72 per cent above the 1914
cost and 26 per cent below the peak
Type C-Twostory i Houss.
Total cost ...1. 1 , 'l.11 3ls
Cost per cu. ft . ..... 8 $0 .1 3 0.3
Cost per eq. ft .. 20 4 .4 UP~
Per, ent of change.. 100 33 1t
"The rise in prices and wage in
creases between 1914 and 1930 more
than doubled building costs between
those two dates. TIhe subsequent de
eline. while not sufficient to restore
costs to the old level. has brought
about a very material decrease in
construction costs, the fall in costs
in two years amounting to 25 per
cent of costs at the peak.
"The prospAtive builder is. of
course, interested in knowing
whether he may look for further
declines for which he should wait.
It would be beyond the scope of
this article to attempt to forecast
the course of building costs in the
future. Greneral wholesale price. as
measured by the Index number of the
United States Bureau of Labor Stu
tistles. mpem to be stabilized .t a
level about 50 per cent above that
of the pre-war period. Building
costs are above this level, but inany
of the elements which bulk large
in building costs such am freight
rates and wage rates, are less sup
ceptible to downward rovision than
are commodity prices in generail. The
general housing shortage and the
increasing volume of building at
preM-nt price levels tre factors
which serve to strengthen buildtng
material prices. While it is entirely
possible, therefore, that bitilding
costs may decline still further, it is
not probuhle that drastic declines
)u a New 4-Room Bunga.
.ot 100x171 Feet
$18.75 Per Month
ne, high elevation, large
also wired and electric
Id 18 bungalows in an
uring the past season.
819 15th St. N. W.
-'or Over Thirty
e ofttimes overlook the import
nt. Particularly those who build
r suggests everything but winter.
ur better judgment will compel
stems is only general, while ours
of experience. This knowledge
'sGS HEATING CO.
L. N.W. .c -
New Home of H. A.
Linger Co. 1 ' [ 1 H G S
Co. HAS SCHOOL
Weekly Lectures and Discus
sions Aid in Developing 'Maxi
mum Service' Slogan.
Believing that a real estate selling
organization is something in the na
ture of a public service organization,
and that therefor the members Of
such an organisation coming in con
tact with the public should be so
equipped to render the highest pos
sible service, the firm of McKeever
& Gos has recently institited a sort
of super-salesman's course for all
members of that firm. This hag
been done, according to Mr. Goes.
Above Is the a itots draw- in order that the firm's slogan of
in for H. A. Lingr, located at "Maximum Service" shall always be
921 than a mere motto.
92and 925% G street N. W. very Monday night the sales
0. Harvey Miller is the archi- force of this firm in asembled in the
tet. off ices and a school oDf salesmanship
is conducted. A series of highly in.
structive talks have been given in
DOCTORS END STRIKE. the past few weeks and more are
PARIs, April .-Physicians of the outlined for the coming weeks.
Limoges hospitals who struck to en- Thesn talks are followd hy discus.
fore their demands for higher sal- iofls anfld questions, which aro- cal
nigers 'vulated to make each salesman more
aries have returnied to their duties familiar with his work and the other
and the dispute will be arbitrated. hranches of the real estate business.
401 Takoma Avenue
containi lre nicely finished reooms avid .Ieeping perch, large
tile bth and sho er; ooscrete porches front and back; large kitchen
with eeontric ?a electric orlits; hot-water heat. House measures
45115 teet. onl M ut iful carfe let, with terrace. size 7iZ~os test.
L~r&,e &hade trees; garage; chicken houses. Large lot. EjON300 feet.
:Joining this property cam be bought separately or with house
Very Easy Terms
Inquire at House or
W. H. TURB[RVIll
1719 Conn. Ave. North 9407
= To Settle An Estate I am Offer
Incomparably the most beautifully situated sub
= summit of the highest of the Virginia hills, com
Potomac river and the surrounding country for mil
In addition to its superb location, its beautiful su
high-toned neighborhood-a magnificent monume
OF THIRTY ACRES is now under course of con
- Three Mill
-on the very property on which the lots are locat
I more than three squares away.
3 20 Minutes by Trolley, Bus or A
A delightful community of many beautiful horm
3 Every city convenience will be provided, accessible
5 While you are buying purchase a site worth w
on which you will be proud to live.
Terms to Su
It makes no difference how much or how little y
This property is worth today at the lowest valua
* I am authorized to
* ~Begin'Selling at
-makin some of
K This price will be increased as sales p ogress. R
thereby saving the promoter's 150 '1, 'Wich accou
Come. Out Sunday---Ag
HOW TO G
Auto will leave the downtown
Street N. W., Sundays at 11, 12,
appointment, or take Alexandria
I off at Rosemont. e
* 402 9th Street N. W
Talks already made covered the sub- OWNER AND TENANT ARE
Jects of "Selling," "Cloing of Sale," PARTNERS, SAYS REALTOR
"Advertising." "Construction." etc.
Some of the talks have been given b On
members of the organization and: respects partners. One cannot
others by men well versed In their exist without the other. Each shouild
particular line from the outside. profit during good times an2 neither
According to members of the firm, should go broke during deprslo.
splendid results have already been some system should be work~ble
acomrplished, not only In making
the salesmen better salesmen but which this could he accoMPisbtU.
also in enabling the firm to render I think that the old Iran-bound,
& more rounded-out service to ith ix-ahs-rivited lease has outlived Its
clients, as well am building up a bet. usefulness for this clces of Prop
ter spirit of co-operation in all erty.-A. H. Beebe, in mfl3ilding and
branches of therbusinees. Building Management.
ptInspe ct Tonig ht
Only 2 Left - 3616 and 3618
Open on 3 Sides Park Place N.W.
Balance, $75 Monthly
INCLUDING ALL INTEREST
FACES SOLDIERS' HOME PARK
H. R. HOWENSTEIN CO.
1314 F Street N.W.
ing a Limited Number of Choice
division in any city in the East. Nestled on the
manding a magnificent view of Washington, the
es. Every lot has a
rroundings, its freedom from mosquitoes, and its
nt to George Washington and a gorgeous PARK
struction which will cost approximately
ed, many of the lots bordering on the park. None
ito From the Center of Washington
s-an environment of refinement and cou-fort. =
to all churches. School on property.=
hile-one that will be sure to double in value and
~t Purchasers =
ou want to pay. Terms to suit YOU will be made.
tion 75c per square foot, but to settle an estate =
15c Per Sq. Ft.
he lots as low as
emember. you are buying direct from owners,
its for this remarkably low price.=
'ent on Grounds All DayI
iffice and waiting room, 402 Ninth
and 4 o'clock; any week-day by=
and Mt. Vernon trolley and get
.W. E very Half Hour for Property
Main 8186 _