Newspaper Page Text
; * I Real Estate Building News .... -.. ' __WASHINGTON, D. C., SATURDAY, DECEMBER 23, 1939. * * B—1 Home Building Tops Normal Seasonal Level Permits in Nation 43 Per cent Above November, 1938 Residential building activity throughout the country continues to hold well above normal seasonal .* levels. Secretary Frances Perkins announced today, following comple tion of the Bureau of Labor Sta tistics’ monthly survey of the con struction picture. November permit valuations for residential building were 14 per cent above October and 43 per cent greater than the corresponding month last year. Nearly Two Billions. During the first 11 months of 1939 permits were issued in the principal cities of the Nation valued at $1,922,635,000, an increase of 22 per cent over 1938. The value of new residential building showed a gain of 33 per cent over this period. The value of new non-residential building was up 11 per cent while permit valuations for additions, al „ terations and repairs to existing structures rose 8 per cent. Washington ranks third among the major cities in total volume of building for the 11-month period. The value of all types of construc tion here during the period is $68,398,000, an increase of $20,000,000 over last year. New York City leads the Nation in building, with Los Angeles in second place, a short margin ahead of the Capital. Reports From 2,022 Cities. Total permit valuations lor all types of construction were 1 per , cent higher in November than in • October and 17 per cent higher dur ing the current month than during the' corresponding month of last year. The value of new non-resi dential buildings, however, showed a decline of 11 per cent, as com pared with October and a decrease of 14 per cent as compared with November, 1938. Indicated expendi tures for additions, alterations and repairs were 21 per cent lower than in October, but were at practically the same level as during November, 1938. These data are based on re ports received by the Bureau of Labor statistics from 2.022 cities of the United States having an aggre gate population of approximately 60.000,000. Permits were issued during No vember for the following important building projects: In East Hartford, Conn., for additions to factory buildings to cost more than $600,000; In Jersey City, N. J., for a hospital building, to cost over $2,000,000; in New York City—in the borough of the Bronx—for apartment houses, to cost over $1,500,000; in the borough of Brooklyn, for apartment houses, to cost approximately $1,400,000; in the borough of Queens, for one family dwellings, to cost nearly $1,700,000. and for apartment houses, to cost nearly $6,000,000; in Roches ter. N. Y., for factory buildings, to cost approximately $400,000; in Phil adelphia, for one-family dwellings, to cost over $600,000; for a hospital building, to cost $1,000,000, and for a laboratory building, to cost nearly mo nnn In Chicago. Chicago, for one-family dwellings, to cost nearly $1,000,000; for factory buildings, to cost approximately $400,000. and for a store and mercan tile building, to cost $1,250,000; in River Forest, 111., for apartment houses, to cost nearly $500,000; in Hammond, Ind., for a sewage treat ment plant, to cost nearly $600,000; In Dearborn, Mich., for one-family dwellings, to cost approximately $650,000; in Detroit, for one-family dwellings, to cost nearly $3,400,000; in Cleveland, for one-family dwell ings, to cost over $550,000, and for the superstructure for a municipal power plant, to cost nearly $700,000; In Minneapolis, for one-family dwell ings, to cost over $600,000; in Wash ington, for one-family dwellings, to cost nearly $1,300,000, and for an electric light plant, to cost $700,000. In Miami, for one-family dwell ings, to cost nearly $1,000,000; in Baltimore, for one-family dwellings, to cost over $760,000; in Alexandria, Va., for apartment houses, to cost more than $400,000; in Corpus Christi, Tex., for a hotel building, to cost over $1,100,000; in Houston, Tex., for one-family dwellings, to cost more than $900,000; in San Antonio, Tex., for a public building to cost $500,000; in Berkeley, Calif., for school buildings, to cost more than $450,000; in Los Angeles, for one-family dwellings, to cost more than $2,700,000; in Oakland, Calif., for one-family dwellings, to cost nearly $500,000; in San Francisco, for one-family dwellings, to cost nearly $900,000; in Portland, Oreg., for an institutional building, to cost $1,000,000, and in Seattle, for one family dwellings, to cost nearly $500,000. U. S. H. A. Projects. Contracts were awarded during November for the following U. S. H. A. housing projects: In Bridgeport, Conn., to cost ap proximately $3,600,000 (1,190 dwell ing units); in Boston, for two proj ects to cost approximately $4,200,000 (1,179 dwelling units); in Lowell, Mass., to cost nearly $2,000,000 (536 dwelling units); in Asbury Park, N. J„ to cost $475,000 (126 dwelling units); in Harrison, N. J„ to cost $900,000 (214 dwelling units); in New York City, Borough of Man hattan, to cost approximately $5, 200.000 (1,531 dwelling units); in Reading, Pa., to cost over $1,400,000 (400 dwelling units); in Peoria, 111., for two projects, to cost over $3, 600.000 (1,093 dwelling units); in Cincinnati, for an addition to the existing project, to cost $805,000 (264 dwelling units); in Tampa, Fla., for the second section of the exist ing project, to cost nearly $450,000 (184 dwelling units); in Atlanta, for the second section of the existing project, to cost nearly $1,100,000 (358 dwelling units); in Charlotte. N. C., to cost over $600,000 (256 dwelling units); in Wilmington, N. C„ to cost more than $650,000 (216 dwelling units); in Columbia, S. C., to cost nearly $700,000 (236 dwelling units); in Laurel, Miss., to cost nearly $470,000 (150 dwelling units), and in Los Angeles, to- cost over $1,400,000 (610 dwelling units). Real Estate Board Gives Record Christmas Party The largest gathering in the history of the organization, nearly 700 persons, attended the annual realtors’ Christmas party of the Washington Real Estate Board yes terday in the Mayflower Hotel. The affair w’as featured bv a luncheon, the distribution of about 100 gifts contributed by various firms and individuals in the Capital, and entertainment. George O’Con nor served as Santa Claus. Edward R. Carr was chairman of the committee which had charge of the party. He was assisted by Ray mond M. Taylor, chairman of the Entertainment Committee; Samuel S. Spruce, J. Hawley Smith, William E. Shannon, 3d, Norman C. Brown, J. Lee Donnelly, Karl E. Jarrell, Rupert Mohler, Milton F. Schwab, Oliver M. Walker, C. Hayward Mar shall, Frederic E. Middleton and John R. Neale. Those who sat at the head table included William L. King, R. A. Humphries, Andrew Saul. Harold E. Doyle, A. C. Houghton, Aubrey St. C. Wardwell, Clarence Dodge, Thomas E. Hampton, William J. Flather. jr„ Commissioner Melvin C. Hazen, Fred A. Smith, president of the board; Commissioner David McCoach, Jr., Waverly Taylor, Edward A. Dent, John L. Weaver, Roger J. Whiteford, F. A. Murray, John A. Petty, H. Clifford Bangs, Harry K. Boss and Thomas D. Lewis. ■%* Fairfax County Building Already Exceeds 1938 Highway Development Plays Role in 11-Month Figure of $1,859,683 Real estate activity in Fairfax County, Va„ during the present year, both on the volume of new construction work and the number of realty transfers, will far overshadow the record of any former year. Even at the close of the past month records from the office of County Commissioner of the Rev enue James U.-Kincheloe disclosed that the number of building permits issued for the first 11 months of this year had sharply exceeded the total for all of 1938, while similarly from the office of County Clerk John M. Whalen reports show recordations of deeds and trusts for the 11 months period practically 400 ahead of the number for any former 12 months. So far this month both offices report transfers and building permit applications are continuing un usually active. At the end of the past month, $1,859,683 in building permits had been granted for this year. When the past year closed permit values totaled $1,245,370, placing the 11 month figure for this year more than half a million dollars in excess of 1938. $670,646 in 1936. Likewise a comparison with the volume of permits issued in the county during 1936, the first year permits were required, reveals almost a threefold growth. That year permits in the aggregate of $670,646 were granted. Barring some unforeseen economic disturbance, the view has been ex pressed by a number of those in the real estate field that the present activity is but a forerunner of that which will follow. It has been pointed out that Fairfax County, along with Arlington County and Alexandria City, is probably the fastest growing area in the entire State. While new construction has for the most part continued to center around the heavier population sec tions of the county, the transfer of property has been fairly general over the whole county. A number of larger farms have been sold during the year to those who intend to develop them into more or less show places. Highways a Factor. Real estate development has been considerably spurred by the rapid improvements and additions being made in the local highway system. With the completion of the new Lee boulevard from Fairfax to the Memorial Bridge, a quick and short route has been opened up for a large section of the county to downtown Washington. Widening of the Lee Highway from Fairfax to Rosslyn has likewise helped, and at the present time the Little River Turn pike, one of the oldest roads in the State, is being widened from Fair fax to Annandale, where it is joined by the Columbia Pike leading to the Highway Bridge. It is expected the Little River pike will ultimately be widened the remainder of the way from An nandale to Alexandria, as has been urged by a number of groups during the past years headed by the Fair fax County Board of Supervisors. Work will likewise shortly start on another important highway project—widening of the Lee high way from Fairfax toward Centreville. Easier Financing Plays Role. Credit for the heavy construction program is also attributed partly to the easier methods now available for financing homes. Along with the Federal Housing Administration and building and loan groups, other lending agencies are providing at tractive terms to those who wish to build their own home. During the past month the first permit for a large apartment was granted. The apartment, which is scheduled to contain 80 units, will be built by the First Colony Corp., on a tract of land in Mount Vernon District near New Alexandria. The permit application states the project will be finished by May 1. 1941. The cost was set at $150,000. While there are several smaller apartments in the county, this will be the first project of its kind on a large scale. __ Bedroom Lighting “Adequate lighting” in bedroom means sufficient light by the bed for reading, softer lighting for gen eral over-all illumination and good light for the dressing table. Private Ownership Leads Contracts Let In 11 Months of 1939 D. C. Trend Is Seen; Pick-up Expected To Go On in 1940 Private ownership leads In the valuation of construction contracts awarded throughout the Washing ton metropolitan area, with an 11 month margin of more than $30, 000,000 beyond the contracts under public ownership, according to the monthly summary of local construc tion activities prepared by Henry A. Johns, Washington manager of Dodge Reports. The report said the total valua tions of private contracts topped the public totals in nine of the first 11 months. This indicates a local trend, rather than a spurt in one of two months. In some localities a single large project could influence the relation between the private and public totals. All contracts for work and mate rials awarded by private ownership in the Washington metropolitan, area during the January-through-No vember period reached $72,230,000. Last year the corresponding private contract level was $52,145,000. A gain of 38 per cent has been recorded for the 11 months of 1939. Dodge Reports comments that contracts are actual signed commit ments for action and usually reflect construction business conditions more accurately than permit grants. The best month of this year for private construction in the Washing ton area was April, followed by June and March. The low point was July. Public construction contracts, i awarded by Federal, State and local governments, amounted to $42,028, 000 in the 11-month period. That is 102 per cent ahead of the total at the same point of last year, $20,858, 000. In this classification, the high est total was recorded for June, with August and July following. The lowest level was reached in February. Mr. Johns concludes his summary with a glance at the future. The outlook for 1940 points to an average pick-up of 11 per cent in privately owned construction throughout the 37 States east of the Rocky Mountains. At the same time, public construction is expected to move ahead with only 1 per cent. Present indications are that the Washington metropolitan area will participate in the advance. Gold Paint Formula A standard formula for mixing gold-color paint is to combine one part zinc yellow, two parts yellow ochre and one part white lead. For old gold use one part zinc yellow, two parts yellow ochre, one part white lead and a touch of ivory black. Lignin May Have Uses It is believed that lignin, a by product of the rayon and paper industries, may prove to be of con siderable value to the manufacturers of lacquer and varnish when con verted by a recently developed hydrogenation process into a product that will dissolve organic resins and gums used in the lacquers. Lignin has always been considered a value less commodity. Now there are sev eral possibilities of its future utilization. Firm Gives Yule Party The annual Christmas party of the Thos. E. Jarrell Co., realtors, was held this morning in their offices at 721 Tenth street N.W. Thomas E. Jarrell, president and founder of the firm, presented gifts to all employes and salesmen and briefly commented on the work accom plished during 1939 and on the prospects of good business for the new year. 60 One-Family Dwellings Get Permits in Week Two Apartments Also Authorized in $682,073 Total The residential building ''boom” here continued during the past week as the office of Building In spector John W. Oehmann approved permits for 60 one-family dwellings and two sizable apartments. Valuation of permits for all types of private constructidn which were issued during the week was $682,073. unusually high for this season of the year. More important permits of the period follow: Harvard Village, Inc., 515 Invest ment Building, owner; David L. Stern Construction Co., 1512 L street N.W., builders; Raymond C. Snow, 1223 Connecticut avenue N.W., architect; to erect one 3-story brick and cinder block apartment (60 units), 1821 Summit place N.W.; to cost $125,000. Harvard Village, Inc., 515 Invest ment Building, owners; David L. Stem Construction Co., 1512 L street N.W., builders; Raymond C. Snow, 1223 Connecticut ave N.W., archi tect; to erect one 3-story brick and cinder block apartment (24 units), 1820 Harvard street N.W.; to cost $65,000. Mercer Building Co., Inc.,. 710 Chandler Building, owners and Builders; J. P. Fitzsimmons, 1014 Denrike Building, designer; to erect eight 2-story brick, cinder block and frame dwellings, 3943. 3947, 3951, 3955, 3959, 3963. 3967, 3971 S Street S.E.; to cost $48,000. SPRING VALLEY HOME—Mr. and Mrs. Karl Rlemer recently purchased this new home at 3340 University avenue N.W. through the offices of the W. C. & A. N. Miller Development Co. IN LYON VILLAGE—New home of Mr. and Mrs. Carville D. Benson, jr., at 3176 Eighteenth street North, Arlington, Va., which was built by I. N. Miller. —Star Staff Photos. It pays to consult a REALTOR ’ * member of the WASHINGTON RIAL ESTATE BOARD raHirmnTiiH f# WOODSIDE FOREST *4 Silver Spring, Md. ^ The ideal, medium priced, high grade home commun- rffn LgAl ity with transportation, schools, churches, stores and yMi fine social environment. Many charming houses, on 1 large wooded lots are being added—and two will be Miff j open today and Sunday. fjj 805 and 816 LIVE OAK DRIVE Jjt y^W Gruver and Irvin Built P# PRICES ARE RIGHT TERMS ARE EASY ||^ I TRADES CONSIDERED Large'Lots Available on Which ^f{ to Build Your Own Home !p^ jhluLl TO REACH: Drive out Ga Ave. to Silver Spring, turn right UP* at Colesvflle Pike to Dale Drive (Mrs. K. s Tollhouse Tavern*. I'fJW/ I ^ left to Gruver signs. Or straight on through Silver Spring to ,,. I LtuU Columbia Blvd., turn right to Gruver signs and to houses. jj^i 3 Wm. M. THROCKMORTON d K.j. Realtor Pp Investment Building District 6092 [colored! SPC " niv/ a r Drive out dur- B l) PAY AS inf Christmas (1 ML I OW week and see » t h e colorful Bfe 5 SQft'M "capital" 3 * Oil VIEW m W\ W W Lire where ^1 L/ n U It there are NO < A BL rtr Month Renewals of —INSPECT— ^ v 5362 East Capitol St. il 6 ROOMS flk Double drainboards and spa BT cious cabinets in kitchens; col l > ored tile baths; hand painted (1 it walls; hardwood floors and j| HP many other features! H| l*v TO REACH: ^ k/ Drive out Benning Road to vi Central Ave., turn left. Or JR Br take Capital Transit bus at west end o/ Benning viaduct, / j Bf get off at sard Place and E. jB ^P Capitol St., turn right to homes. BH k Capital View m L> REALTY CO., Realtor• <Q EL 925 N. Y. Are. N.W. NA. 9797 JM 5001 E. Capitol St. LI. 3510 TB Second Trust Notes We will buy monthly payment de ferred purchase money second trust notes, secured on owner-occupied private dwellings. UNION FINANCE CO. 018 Woodward Bide NA. 7938 irS DIFFERENT FIRST TRUST LOANS TYLER & RUTHERFORD, INC., 1812 L Street N.W. NatL 0478 tor SO yeari Loan Correspondent for The Mutual Beneflt Life Insurance Co. Nttoito! 04S5 C 434z warren St. j • Center Hall • 3 Bedrooms, 2 Baths • Library with Book Shelves and 5 Windows • First-floor Lavatory • 2 Finished Roorts on 3rd Floor, Heated • Fireplace in Cellar • Attached Garage • Large Lot • Private Flagstone Terrace off Library • Automatic Heat i • Air Conditioned • In St. Ann's Parish • Close to Schools $15,500 Open Daily and Sunday Until 6 P.M. Drive out Wisconsin Ave. to Van Ness St., west on Von Ness St. to tnd St., turn right to Warren St. and home. fPooleu Bros. lOasuw^TTweMU Realtors Investment Bldg. DI. 1481 ■ = 8 CONTRACTORS § ra ^ We specialize in expert Sj 3 color schemes and texture k? 1 | of carpets and rugs for aj c hotels, clubs, apartments, a theaters, churches, etc. Ks | No job too large, none too K srdall. S w For ideas, estimates sS a phone or write Harry S. f» s Copperthite, manager of S p this department, a floor § s covering expert of long b js standing. You’ll be read- a f ily convinced that our 3 p prices are the lowest, h S quality considered. a S WOODRIDGE I 1 RUG & CARPET 1 CO., Inc. | (§ 1715 Rhode Island Are. N.E. tl e . Phone: HObart 8300-1 a I AVONDALE for better living at lower cost! 5 and 8 room, 1 and t bath homes of individual design—on unusually large lots—complete with garages and porches. $6,750 to $8,950 To Reach: Drive out Michigan Ave. vast Catholic University, over new bridge to lkth St., left t blocks to Avondale entrance. D. C. DEVELOPING CO. REALTORS 1512 K St. N.W. Dlst. 5850 Income Producing Hornet 8 and 8 rooiris with 2 baths, and oil heat: easily convertible into a 2-famlly dwelling. $7,950 io% Coth Balance Like Rent 500 Block Oakwood St. S.E. 6 Said Before Completion Built by Master Builders, Inc. To Reach: Drive over 11th St. Bridte to Nichols Ave. S.E., out Nichols Ave. to Portland St., right on Portland St. 1 block to Oak. wood St., right 1 block to homes. In Chevy Chase, D. C. $9,450 up Only 4 Left Exhibit Heme 3009 Military Road N.W. Terms to Suit Purchaser Trades Considered To Reach: Out Connecticut Ave. to Military Road, turn to Thirtieth St., or out Sixteenth Street to Military Road and through Rock Creek Park. INDIAN SPRING VILLAGE 350 FT. ELEVATION 100 WOODED ACRES A Distinguished Development of Modest Cost Dwellings, Wherein Future Valuation Is Assured Featuring Real Architectural Char acter and Enduring Construction Bay Your Homo With Rest Mosey in This Delightfully Different Community Select your home from among those already erected or let us build a dwelling here to meet your individual requirements, on a sitje of your own selection. Capital Transit Buses at Property DIRECTIONS—Out Colesville Pike at traffic light in Silver Spring, Md., to Four Corners, then right on Montgomery Avo. V* mile to property office on left, fronting Indian Spring Golf Course. A. H. RYAN and EDSON W. BRIGGS, Ise. Owners and Developers Phone SHep. 3430—SHep. 1613 ' PAUL M. LUDT, Exclusive Agent 6-Room Homes 56,250 Low Dawn Payments Vary Easy Terms Here ere the Capital's blnest. fin est low-cost homes—planned for livability and equipped for labor saving efficiency. Six spacious rooms and tiled oath Automatic gas heat, air conditioned. The finest materials and workmanship throughout. Convenient to every thing. 1500 Block Fort Davis St. S.E. To Reach: Drive etraight out Penn sylvania Ave. S.E. to Port Davit Street and hornet. OPEN TODAY AND DAILY. IWODDMGOR "The Perfectly Planned Community" offers you your choice of either a one or two-story home, on a mini mum 70-foot lot, with two bedrooms, bath, basement with recreation room space, air conditioned with gas or oil heat, for the amazingly low price of s5990 $41 MONTHLY Indndinc Interest, Principal, Taxes and Insurance ' ~ •y~-Tfr^cjw>y<^y.v.y- > \ TO REACH: From traffic lioht on Georgia Ave in Silver Spring, bear right on Coles vine Rd. just beyond Indian Spring Club to Woodmoor. MOSS REALTY COMPANY INSPECT THESE NEW HOMES DURING THE HOLIDAYS Hornet Open Daily and Sunday TRADE YOUR SMALL ! HOME IN ON ONE OF | The Finest New j Homes Ever Offered mt *7,950 Three beautiful new Colonials. Six ! rooms, tiled bath. 3 bedrooms, large ' living and dining rooms, complete kitchen, full basement, lavatory and laundry. Convenient to schools, stores and transportation. Exhibit Homm 1115 Geranium St. N.W. To Beach: Drive out Georgia Ave. to Geranium St., turn left to hornet. Mt. Vernon Parkway Home* Perfectly planned rooms of generous proportions—amply large to accom modate full suites of furniture and tastefully decorated. Just 8 min utes from downtown via the high speed Mount Vernon Boulevard. Near the new airport. $5,990 & $6,950 $39 & $48 Per Mo. Exhibit Home Furnished by Brinson’s Furniture Co. 701 BASHFQRD ,R0AD Drive over Memorial Bridge and out Mount Vernon Boulevard to our sign, iust past WJSV Broadcasting Station. i 3 Bedroom Homes 3 WAYS to FINANCE That Will Suit Every Budget *6,250 10% cash—$39.55 Per Mo. 4Vt% THROUGH F. H. A. $500 Dawn—$50 per Ma. $350 Dawn—$60 Per Ma. Visit No. 16 Hawaii Are. N.E. Forniahed by Hilda N. Miller Adjacent to Soldlera Home Park To Reach: Drive east on Upshur St. N.W. to Rock Creek Church Roai. left t blocks to Hawaii Are. and Beitzett signs. | 1S15KSI.NW. IdgJyQjH DI- 3100 j