The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-01-09
MANY HOMES TO Be
ERECTED THIS YEAR
Building Boom Appears to Be
on in Earnest in Salt
Lake City.
PAST RECORDS PROMISE
TO BE LAID IN SHADE
North and Southeast Benches
Will Be Most Affected by
Activity.

Building operations in Salt Lake next
spring are expected to assume dlmen
sions far in advance of any season in
the past and the number of new houses
to be erected in the outlying residence
districts will exceed the number built
in the two preceding years,
This is the consensus of opinion ex-
pressed by local real estate men, who
have been watching the trend of at-
fairs closely for the last six months.
In support of this statement they point
to the fact that more residence lots
have been sold in the last eighteen
months than have been sold in Salt
Lake in any two years In the last de
cade. and at the same time a larger
proportion of the purchasers of resi-
dence lots are men who intend to build
their OWN homes or To build for rental
purposes. Although Salt Lake is Justly
famed as a city where majority Of
men in the middle class own their own
homes, there has been some speculative
buying in the transfers of residence
lots This is estimated by dealers any
where from 40 to 90 per cent and the
remainder are bought by men who IN
tend TO start building operations as
soon as the weather permits,
Outlying Districts.
The residence districts of the north
and southeast benches Will be most ar
fected by this building activity which
is sure to come with the opening Of
spring. for it is in these districts that
the greater part of the sales of resi-
dence lots have been made in the last
few months The western part of the
city, however, will show continued
growth Incidental to the extension of
street car service in that part of Salt
Lake.
IN speaking Of this anticipated aQtiv
ity in the building of homes proml-
neut real estate dealer said Saturday
that he believed al least 30 per cent
of his customers for building lots IN
the last wear were men who intend
either to erect their own homes on the
property or intended to build cottages
nr houses for rental purposes. 81 be
lieve that as class our customers for
residence lots are about the average
for Salt Lake and the expressed inten
tiou Of so many pure hasers Of lots is to
me a sure sign Of great building activ-
itv in the spring he said. "Of course
many residence lots have becn sold to
SPECTATORS VINO Delng unable 10 raise
enough for Investment in business
property. have planned TO get in on
the present movement in smaller way,
Proposition Attractive.
$50 the smaller investor, the build
ing lot proposition is especially attrac.
tive in 2 city growing at the rate Of
Salt Lakes expansion. More families
arc coming in every day and the city is
growing in every direction and values
are likewise increasing.'
In connection with the discussion Of
prospects for great building activity in
the spring. the real estate men of the
city are also giving no little attention
10 the controversy between the Real
Estate association and the labor unions
regarding the relative supply and de-
n,and for laborers in Salt Lake. Even
those dealers who look with disfavor on
the position taken by their association,
generally believe that as soon as wealth.
or conditions permit the resumption Of
building operations. there will he cry
for lsborers that cannot be stopped by
the present supply. Some of the real
estate men and builders who often look
on the dark side of subject have been
heard to remark that since the carpen-
ters have announced their intention of
insisting oD an advance in their pay,
this action forebodes a general move.
ment for higher wages on the part of
all of the members of the building
trades. a condition Of this kind, how
ever. is regarded as the only possible
contingency which will retard building
opera tIOnS in Salt Lake this wear