New-York tribune., 1921-05-22
Needless to Wait for
Break in Price of Homes
Conditions DO Not Warrant 1t, According TO Il. w.
Dasey, Whose Opinion is Supported by Gov
ernment Statistics and Business Development

march backward over seven years of
time. 1t. is fundamental law of
human nature that mankind can be
happy and contented only under pro
gressive conditions, and while the
whole country is looking for stabili-
zation of prices affecting the building
/ Industry, that stabilization Of prices
is going to show substantial increase
in the standard of value of homes The
home is the basis of civilization and
foundation of the social order, and a
shortage of homes is denial of the
essential condition for happiness, con-
tentment, good morals and good citi-
zenship, and direct relief will only be
found through an Immediate adapta-
tlon to, conditions as they exist
No Tine to Hesitate
Calamity howlers," those national
pests. who are preaching procrastina-
tion because they have not the courage
and determination to face the truth
and defeat adversity, should considtr
the fact that there is now Il great in
flow of gold to this country, and gold
IN excessive quantities always results
IN initiation. European countries are
rapidly getting back on their fett The
rates of international exchanges are
gradually approaching trading levels
Idle freight cars are fewer. The fac
tors of foreign demand in our mattriul
market are now evident. Freight rates
remain high. Skilled labor will not
becomt cheap because of the lack of
an adequate number of apprentices
The minute building activity becomes
abnormal building labor will again be-
come independent. The next three
months will show growing pressure
on building material reserve stocks by
large order purchasers, such as rail
roads, municipalities and commercial
and industrial building propositions,
that will again put premium upon de-
liveries, which means. that the indi-
vidual builder, the "small fry" is GO
ing to be out in the cold -roofess.
1t is the consensus of opinion among
building authorities that as 1921
passes the halfway mark there will be
an upward shift in prices. Public
opinion has effected many noticeable
results in the lowering of prices in
certain materials This was followed
by general movemen toward building.
building repors and statistics show
tha plans have been filed by the hum
dreds, but it is very importan to re-
member that the filing OF plans dots
no necessarily mean the actual erec-
tlon of building any more than de-
cision to buy home of your own
means hat you now own one.
Builders Not Scared
The substantial, conservative builder
who has new houses erected, and in the
market for sale, is not worrying over
the existing marktt conditions. He
knows what the demand is, and he
also knows that for practically every
house that is available for sale there
are dozens of people who have that
particular house in mind. The wise
man. has bought; his brother is now
looking around carefully, comparing
values and construction. and when he
| finds his ideal home he will also decide
now and buy, and be happy,
The banks, which are the real finan-
cial barometers,s are expressing and
dem onstrating their faith in the
soundness and stability of the home
market, and are going, right ahead
lending to acceptable builders. They
! are showing their anticipation of tht
future call for homes and are prepar~
ing for the concentration of an enor-
nous demand.