The Washington times., 1922-10-29
CITY BUILDING
BOOM IS ONLY
BEGUN, He SAYS
T. J. Nash Praises The Times
Home Owning Campaign and
Outlines Conditions.

Washington's building boom, un.
precedented in the history of the
National Capital, will continue for
at least another year. possibly longer,
real estate men and, District govern.
ment officials predict.
Thirty-six million dollars wes
expended on building during tho
fiscal year ending June 30 last, and
Indications now are that the present
fiscal year will exceed this amount
by $5,000.000 or 100000
"The war put Washington's build.
ng program four years behind"
Thomas ]. Nash. Of the Morris Cafritz
Company. 913 Fifteenth street north.
west. declared yesterday. Mr.. Nash
added that the general impression
that the city viii soon be overbuilt
8 erroneous.
5000 Homes Short.
The housing situation in Wash.
ington Is more acute than In any
other city In the entire nation" Mr..
Nash says, ''and will be more so in
the syringe Of 1922.
I'VE are now approximately 5000
homes short regardless OF thousands
Of residence properties built and
sold to Individual home buyers since
building was revived.
Before the world war many
homes were built and sold; when
war was declared bui. ding stopped,
thereby causing the existing short.
Mr.. Nash declared The Washing.
ton Times has done much to re-
lieve the shortage here.
"The editorials by Bill Price and
others. which have appeared In
The Times, have been helpful and
Encouraging to the builders and real
state men," said Mr.. Nash.
Praise for The Times.
THE Times has done much to
relieve the housing condition. The
Buy a Home Now slogan. which
rhe Times has ran several times, Is
encouraging the public to look to
the future"
Mr.. Nash said further:
Washington has outgrown it's
old reputation-that OF a village,
and has now become thriving
and modern city of nearly 100000
In population" This increase Is
due to the war. of course. causing
many people to remain here who
were in the Government service.
Thy are making Washington their
home for these reasons: Washing
ION is the capitol of the world. be-
cause OF its international interests
II is the most beautiful city In
the world. It has q public school
system that is not surpassed any
where. Every Government in the
world 10 represented here. thus ere
atinx the unrivalled social environ
nent and commercial activity en-
joyed by Washingtonians.
Homes for Salaried People.
"The unusual growth OF our city
n the East five years has even at
tracted interests from the entire
world, and these interests have be.
come established. thus bringing
more families. and by doing so.
further adding to the shortage OF
homes.
"The demand for residence prop
erty is greater today than 1t has
been in the past three years. and
1879 will see a sharp rise In price
hut q more extensive building pro.
cram. The home.buying public will
be more active and VIII realize
the folly Of putting-on until later
to buy, because OF the increased
cost of building.
"The Morris Cafritz Company. Inc,
have contributed many houses In rn
fort to relieve the housing condi.
ION. Forethought on the part OF
Mr. Cafritz resulted in securing
large acreage OF ground some months
ago, in the most desirable residential
section of the city. at a normal cost.
He was thereby, in the face OF the
shortage Of materiai and high cost OF
building. able to build a house that
could be sold for less than $4,000.
This price house, having been started
in Washington, made 1t possible for
one with a small income to secure q