The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-05-09

~ ETtENlNG prosperity is Ia BE-
s,en on al, sides in tho .Ur-
i y urban home field mar NcN
York. For the first time Il
several years developers are talking
optimisticaliy of the future and are
backing up the!- views 10y spending
considerable money in erecting houses
for future sale. In transactions al
ready contaminated het,o- demand
for houscs near the city also IS cN-
pressed. and Size. it has n'.n mon
stratcd o. many occasions that rell
estate, and tspeg.a $ Sunulh 4l real
estate. j. the last to recover from a
period of depression. land developers
and builders believe Their term of dull
ness Is over and the market j. stored
again on the cours' /, was following
when the Coun'ryw!d" dcpress On
practically pat son 10 al, activity.
Aside from tn fact that money is
more plentiful ow than it has been
for several years builder give as a
reasCn for the renewed activity the
cheapness Of houses n th!. time.
Iand prices are about the same as
vney have been during the last few
y'dlT i'l- MS INV w ~ 's1-A''Al A''Ni'
has been 50 little buying that almost
no charge has been made In asking
price. In fact. If there Is any change
to be noted il is in the downward d.
rection. developers taking this means
OF encouraging in: rest in their prop
critics.
1t Is in thc cost Of materials and
labor that present day BUYERS effect
unusual savings. Materials have not
been 50 low in many years as they are
this SPRING and advantage has been
taken Of this condition in many places
to erect a greater number Of fine
houses than customary. Labor prices
do not vary Ike prices Of materials,
but on account Of the depression
throughout the building trades de-
vclopc-s have boon able to obtain the
services OF o. better grade of mechanics
who not only effect IA saving in tAc
amount or time required TO do o stated
amount of work but also do the work
better than the old time suburban la
borCr. As result Of this houses
erected this spring are offered at lower
cost than usual to the buyer, and for
q stated sum better built house can
be had than ever before.
Costly Homes at kcnsinrton.
How great is the confidence of
builders in the continued prosperity Of
rho country may he Judged 10y the
fact that in the various suburban
sections developers are going into
their own pockets for sums up 70 a
q 4. 81 a
N speculative home building ventures.
At KcnsinGton, Great Neck, one Of the
most elaborate houses erected on
speculation In the whole suburba n
area is being put up at cost OF
$4,000 II * "a duplicate in modern
form of the famous old Lee mansion
in Virginia, Colonial type house
that has often been Citcd az one of
the most attractive Of It's kind in the
country
This is but one Of the activities at
Krnslnptun this spring. Several more
dwellings are now under way, princi-
paliy for individual owners who are
spending as high as $4,000 on their
homes. Some of the leading country
house architects have been called
upon "a furnish the plans for these
buildings, which are calculated 10
Keep Eeus ngtOn among the best de-
yclopcd and most attractive home
communities the country affords.
Practically all the development work
o. KcnsnGton was completed last
year when the seaside park and swim.
ming pool on Manhasset Bay were
finished This is n feature the Ike o
which IN found i'm m IlUelpn,