Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-12-10
REAL ESTATE GOSSIP
Figures Given Concerning
Building Operations.
GOOD INCREASE SHOWN
MANY SALES REPoRTED-DEAL-
Frs GENERALLY CHEERFUL.
Washington Lost 81 Per Cent in Build
ings Last Month, but Investi-
cation Relieves Worry.


cles,'' say the builders. But neither real
estate men nor contractors and builders
look worried bit They charge the condi-
ton up to the time of year and unpropitious
weather. Nevertheless, while they admit
business is not booming, they evidently did
not know that Washington, during the
month of November, suffered greater loss
in building percentage than any other city
in the country. The Construction News,
which comes from the press today, in COM
pairing the data for November, 1908, and
the month just closed, in twenty-five of the
principal cities, makes the startling discov-
cry that Washington lost just 81 per cent.
which is a record even for the national cap
ital. The exchange comments upon this
fact land shows that Washington leads in
decreases for November, 1904.
| The figures show that in November year
ago permits were issued here for 252 build
| ings, representing cost of So 1907, while
for November, 1904 permits were issued for
800 buildings, representing a cost of only
$43S, 123. Prima facie this looks bad. But
the Construction News, real estate men say.
| omitted to state that in November, 1903,
permit was issued for the construction of
the union station, which accounts for about
100000 Of the amount credited to Wash
ington year ago. Deducting this one i'm
provement, Washington shows an increase
of Sill, S16 over November, 1908, or more
than 30 per cent. This would look much
better on the schedule and would put Wash
| ington where 1T belongs, among the cities
where building is on the steady increase
and real estate values are permanent.
In Other Sections.
Continuing the Construction News says:
Favorable reports continue to be received
respecting building operations in all sec
tons. Permits were taken out in twenty
five of the principal cities of the country
for the construction of S,22S buildings, in
) volving a total cost of $31, $50. $50, against
1886 buildings, aggregating in cost $685.
951 for the corresponding month year ago,
an increase of 1,S92 buildings and $6,426,
500, % per cent. The increase for No
vember, while not quite great for
some of the preceding months of the year,
, | is highly creditable.
Nineteen cities show increases and only
six show falling off. The decreases
|, | insignificant and immaterial, while the
| gains in some instances phenomenal.
For some special reason or other the city
) of Memphis enjoyed an increase of 600 per
cent.
Gains Noted.
Remarkable gains are to be noted in
; Allegheny, amounting to 214 per cent;
Brooklyn, 1851: Cleveland and Atlanta, 1871;
Chicago, 90; San Francisco, GA; Cincinnati
60; Tacoma, 81; New York, 40; Los Angeles
90: St. Paul, %; Detroit, %; Buffalo, 81 :;
Milwaukee, "a; st. Louis, 10, Philadelphia
; I, and Pittsburg, 2. In the decreases Wash
| ington leads, with falling off of 81 per
cent as compared with the corresponding
; month a year ago, and this is followed by
a decrease of 81 in Seattle, 30 in Louisville
, 10 in Minneapolis, 10 in New Orleans and
. in Indianapolis. 1t will be seen that
. these decreases are at points so widely re-
mote from each other that they have prac-
. tically no bearing upon the situation, each
one being attributable to some special
. cause.
From all sources from which authentic
: information can be gathered the prospect
: for continuation of activity in building of
: all classes is exceedingly bright. This re-
fers not only to the cities from which these
statistics come, but from the smaller cities
. and towns all over the country. The indi-
. cations are not only that the gain will be
. maintained, but that the next few years
. will continue TO show constant growth in
. building opera tons"
Discussion of Market Conditions.
: Mr.. William A. Hill of the Moore & Hill
| Company, real estate brokers, in speaking
. of the condition of the real estate market
. today, said: There seems to have been
considerable talk about the dullness of the
. real estate market. While it is true that the
market was somewhat quiet just prior to
| the election, as is usually the case it was
our experience that this affected business
| less this year than usual Certain classes
. | of property Jagged to some extent, but the
!. general conditions have been good and the
. | present outlook is excellent. The inquiries
!. | this season have been numerous, especially
!. for moderate and medium priced homes and
!. | investments.
: THE demand for downtown business
: | property has been unusually active, and
| where a property of this class can be had
!: that pays anything like fair return it
!: can be easily disposed of. We have re-
!. | Gently put through several large deals OF
!. this character, but they are not sufficiently
!. near contamination for publication. The
!. renting business has been exceptionally
!. active, and renters may readily be found
| hat &c n
: this late i'll the season.
!: Sales Made.
: "'rhe following are some of the sales re-
!. Gently made through our office
). For Randolph r. Warwick to Miss Ida
!. Hammond. 3040 Q street northwest; for
: James III. Johnson, jr., to Mrs. Emma L.
I. Roche. 1873 Z street northwest; for Harry
I. Wardman, to Mrs. &c. lie Mat corner North
I. Capitol and streets; for James A. Bates
!. and Eddy B. Townsend, trustees, 10000
!: frontage on east Side Of LIST street between
!. and Harry b. Wilson; for Matthew Loo
!. rane to George B. Ellis, 124 D street
/: northeast; for Harry Wardman to Leonard
: G.. Hoffman; 1920 @ street northwest; foI
!. Hairy Wardman 3O1s Q street northwest
). for Rev. Thomas Semmes to James Martin
: lots PA to 24s, square 500; for Dr; Andr rev
I. Chiswell, 1926 10th street northWest; IoI
. Harry Wardman to w. II. Russell and w
!. W. Chiswell, 3o32 Q street n9rthwest; 40 nof
I. ton, 431 and Al Tennessee avenue north
I. east this being the last of the thirteen
!. apartment buildings on Tennessee avenue
!. northeast between e street and duncan
I. street northeast, sold by us; for Harry
!; Wardman, to Mrs. Bette NJ Leitch, 30 X
: street northwest: for Harry Wardman, to
; street northwest: to Miss Jessie Overton,
; 1928 18th street, Washington heights, for
3 DR.. Charles I. Caldwell. 921 New York
I az - rDn r
8 street northwest; for ,sIrs. Elizabeth Gla-
8 zier, to John s.. Rhamstine, 90 street
: northwest; for Randolph T. Warwick. ~
3 Harry Wardn,an. Ia Melvin H. Coulston, .
+ | u street northwest; for C. Clinton James
= 523 I'd street southwest: for Harry Ward