Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-03-17
Increase in the Number of Those
Seeking Investments.
RESULT OF TEE DEMAND FOR HOUSES
Improvementsin Progress in Various
Parts of the District.
V A r 10 US M Ate S

The small buyer is the backbone of the
realty market, just as he is of any other
market, and it is the man or woman who
wants to buy house for home or to
secure return upon the money that may
be relied upon to furnish the business that
constitutes what is known as the real es-
tate market After the investment class has
been in evidence for some time the next
stage in the process is the appearance of
the speculative class, and then what are
known as lively times begin However,
talk of speculation in the local real estate
market at present is only indulging in the
pleasures of memory, as there is nothing
of the sort apparent.
The increase in the number of investors
is a bona fide experience, and, what is more,
they are finding opportunities for the
profitable placing of their money in large
and small amounts. Confidence has not
been fully restored, but it is only neces-
sary for few more large sales to be
made to induce people to buy real estate
as If 1t was something they had been
doing all the time, and they will express
surprise that any one should at any time
feel any doubt as to the desirability of
acquiring an interest in realty in the Dis
trict of Columbia.
Building Operations.
1t is the experience of the men who are
engaged in building houses for sale that
there is demand for such houses, and
that they find a ready sale. This condi-
ton seems to apply to all sections of the
District, although of course, there are
some portions where a great deal has been
done along these lines and work is still in
progress. 1t is said the margin of profit
Is narrow, especially as compared with
former prices, but still there is sufficient
money to induce men to go on with large
and extensive building operations.
The prospect seems to be that the COM
ing season is to witness a good deal of
building. When the subject of additions
to numbers of homes of the city comes up
some people seem to think there are al
ready too many houses. But after all that
must be a matter of opinion. There are
no actual statistics.
The facts are that the new houses seem
to be in demand, and that as a rule the
houses remaining empty are those which
are not kept in repair. 1t is said on good
authority that houses which are in order
and have the modern improvements found
in the newer houses are all occupied. If
the above represents accurately the state
of affairs in the District it may safely be
concluded that in view Of the large num-
Der of new houses put up recently, and the
great increase in the number Of apartment
houses, the population of the city is in
creasing, and also that the community is
feeling the impulse of the improved bust
ness conditions that exist In other parts
of the country.
spanish ana SOlOnlal IN Styles
The erection of eleven houses at the cor
ner of 10th street and Cincinnati avenue
northwest, just north of Washington
Heights, is to be begun by r. w. Walker
& Son. There will be two blocks one Of
five houses and the other of six. The archi-
tect Mr. F. B. Pyle, has made the style of
architecture for one block to differ from
that of the other. and the material used
will not be the same there will be a pleas
ing variety. Each house will be twenty feet
front, four rooms deep and three stories
and a basement in height. On the first floor
will be the parlor, central hall, dining room
and kitchen, and the finish of the principal
rooms will be in hardwood. Hot water will
be used for the heating. One block Of
houses will be designed in the Spanish style,
and the material used in the fronts will be
gray brick. with terra Gotta and stone trim
mings. The other block will be colonial in
style, and the fronts will be built of black
brick. with white terra Gotta and stone
trimmings.
Homes in the Suburbs.
The same architect has designed two cot
tages, which will be erected in the subdi-
vision Of North Chevy Chase. One will DE
for Mr.. Frank Underwood and the other for
Mr.. William L. Lanning. These homes will
be built OF wood in style suitable to the
wide lots and ample grounds which are
common in the suburban sections of the
city.
A Golf Club House.
Mr.. Pyle has also prepared plans for the
remodeling Of the Brown house, on the
farm on the 7th street road, which has Just
been leased by the Columbia Golf Club. This
organization during the past season had
links on the opposite side Of the It'll street
road. just south Of the Brown place. The
house Is a large and roomy structure, and,
with the improvements which are to be
made. will become a delightful resort for
the members of the club. Wide porches are
to be built around the house, and in the in
terror modern plumbing will be supplied.
which will include provision for shower
baths.