The evening world., 1920-12-04
Realty Operators Say Bed
Rock Level Is Near and
Plan Housing Campaign.
CHANGE THEIR TACTICS.
Bankers Lower Rates and
Housing Stringency May
y End in Year

Homes for everyone-and then,
steadily increasing surplus-these are
promised now by mortgage lenders
and builders.
A sudden change Is sweeping over
the realty field. The housing situa-
ton is within sight Of permanent cor
rection. No less than $1,000, ,COQ, 900
and possibly $500, 100000 will be set
aside for construction during the
coming year Throughout the country.
IL has been released by profiteers in
living necessities, who were forced to
throw their boarded goods on the
market
Failing prices Of steel. iron, lumber,
cement. brick and all other building
materials are combining with smaller
wage demands as q result OF thou
sands OF. men ont of work to open
rev building era. Money too Is get
ting more plentiful, and this Is really
the most important factor, because
nothing can BE- undertaken without
the right kind Of financing. While
bankers demanded per cent" often
with fat bonus, during the first thr9e
quarters Of the year, they have been
making time loans at and 71a per
cent. this week. with apparently
plenty Of capital left untaken. Rates
\rs expected to remain fairly stin
Stil the $500, 100000 or more income
, lax and other payments on Dec. 10
have been met, but the rapid piling
Nup Of funds indicate that n period OF
constantly increasing easy money Is
at hand.
} This Is just what builders have
; been waiting for. More than 5000
' OO0, 900 in delayed projects cannot go
ahead until building loans are in
hand. Operators say the building in
dustry Is eager to absorb all Of the
+, thousands of laborers now out OF jobs
as the result OF industrial reaction
also that their demands for steel and
ather building materials will be
enough to keep the mills running al
full capacity for the next two years
MANY CONFERENCES LOOKING
TO NEW BUILDING.
Architects, contractors and building
material experts in the metropolitan
district call conferences this week tc
consider the price levels of materials
and labor. They announce privately
To-day that the best opinion regarded
ouch necessities as close to bed rock
bottom. Conditions have changed sc
radically in the after war readjust.
ment that no one looks for the low
iayeis OF 1914.
That home builders will get zig
share Of reappearing mortgage cap
ital is indicated by current opera
tione. In spite OF the winter season
when residential construction usually
is at low ebb, a great volume is un'
der way, home builders claiming
nearly half OF the total instead o.
the normal 80 per cent, Reports fol
one week as tabulated through F. w
DOuBG COuARaAAS ~ SAAS AAASN@ @Sl'S''''~-
district show 146 residential projects
planned at a cost Of $S,37G00O in
total of 297 of all classes at $ls,572,'
900. During the same week last yea
contracts were awarded for "a resi-
dental projects calling for $3,6l5,O0l
out of 1853 of all classes at $7,0O6,OOO'
Private dwellings for one to thre,
families each, mainly on suburban
sites, form the great bulk of new
housings. The problem Of city apart
ments seems to remain almost a
puzzling as ever, although man
plans are under way and a littl
further easing of the building loai
eltuation would start them with I
ush. Tho more cheerful aspect o
lie mortgage market, however, is to-
w to spread all over the field a