The evening world. [volume] (New York, N.Y.) 1887-1931, 1921-01-08
.S75O,OOO,OOO IN
HOME BUILDING IS
THE YEARS. DEMAND
Nation Faces Big Shortag
metropolitan District
Needs S25O,OOO,OOO.

This is to be a home building year
unless all signs fail
Home building is recognized gener-
ally as the first great need of not
only the metropolitan district but Of
the country and the world. Delays in
making UP for lost housing during
the war period have created serious
conditions everywhere. Manager John
Ihlder will report to the National
Council OF the United states Chamber
OF Commerce at its session in Wash
ingtOn on Jan. 27-9s that more than
100000 persons in this country are
inadequately housed and that there is
urgent call for 1850, 900 new homes. in
the metropolitan district a bitter con-
troVerSy is raging between the forces
OF landlords and tenants, the ldnd-
lords claiming that the housing crisis
has passed, leaving homes In fair
supply for all, the other side insisting
that nearly 100000 are not properly
housed and that new homes are re-
quired for at least 100000 families.
Building statistics show that pT.j-
eCts are under way or in CuptCm-
plation for an outlay apprONlmatng
$3.50, 100000 on residential work
throughout the country this year For
the metropolitan district, home build
ers would spend $3.50 100000 with
rush If they could get II on reason
able loans with this they could
house $4,000 families in apartments
or dwellings OF moderate 'COst. But
the dominant realty interests cannot
agree upon the ACCESSIBILITY of Imam
cling such a building campaign this
year and it is probable that speed
lative builders. whose CO. operation Is
absolutely necessary for such a now
ment. will not be encouraged to take
the field unless money available for
mortgage loans should become $50
abundant that bankers could not place
their funds moro Rroiitahly elsewhere.
$3.50, 100000 HOME BUILDING
PLANS FOR 1921.
That the year starts with fully
$500 600 OF residential work await
ing is proved by the #, W. Dodge Com
pany reports. These show that only
$4,000, 100000 Of the Cuuntr's total
projected S4.jO0,OOo 600 construction Of
last year had actually been Dul under
contract. u leaves $1,000, 100000 car
ried over mo uhis yea" o. tins
nearly Onc-thrd is residential, That
home building has Jagged nm 10 pub
lie necessity calls for an imnCd 'rtC
revival Is Shown by the Dodge rryioa
Of 1920 AMI forecast for the rom.ng
year, issued to-day, u says:
"Compa ring the past two yenWs I'VE
most ';Dicuous feature Of l9au Was
the decline I'm residential c,rSrrUo-
tiun. This Clavs represented 81 per
cent. Of the tOtal In 1919 and g2 pc
cent in 1920, The amount OF resid,u.
Jiol floor space contracted for de
clired from 100000 600 square feet ir
1919 10 i98 Goa, 900 in 1920. IN normal
years the total estimated cost Of con-
temp,at8d or projected work report
ei ls about 30 per cent. In excess OF
the amount Of contracts awarded. IN
1919, the projected work was IS per
cent IN eNcosa ~ contracts awarded;
in 1890, it was o. per cent in excess
These figures give an indication Of
the amount hv which each ~ the two
years has run behind lts auu0unced
CONSTRUCTION programme,
METROPOLITAN LANDLORDS
BLOCK BUILDERS.
In the m tropoNtan district land
'1~1s and r"ll estate broker, nave
Joined forces 20 block building OF
homes and TO knock out the new rent