The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-06-11
BUILDING COSTS
ARE ON UPGRADE
Price Advance Past 80
Days Has Been About
% Per Cent
MARKET STlFFENING
Result Is the Greatest Ac-
tiyity in Realty Market
in Two Years

The cost OF building is going UP
IN Tulsa. Colncident with the up
ward trend IN price OF building ma
terals Is a pronounced impetus in
real estate activity and the CITY
faces one OF the best seasons in its
history as regards building, buying
and selling
such Is a consensus OF opinion
among real estate men and lumber
sssalcrs. within the last so days all
Ipildng materials in the wholesale
market have advanced approxi-
matey Is per cent. according 20
william Bawhell. manager of the
Dickason-Goodman Lumber COM
pany. Bawbell believes that there
haps 10 per cent before the level Is
reached.
Everybody Is Building.
Building materials are not so dif-
,ererf from any other commodity
oil stock, for instance, the lumber
firm manager pointed out; people
invest when Il is going up. AS soon
as the stitfening prices are general
knowledge, everyone who has con-
tempsted building makes a move
IN that direction. with the result
that there Is the renewal OF con-
struction customary at this time OF
wear. Bawbel was OF the opinion
that there is no increase on volume
Of sales of building material over
that Of year ago, and that there
h no unprecedented activity In
bulding, but that the construction
work in Tulsa Is normal. There is a
greater amount OF building OF big
. ttHtt MI M
her OF residences usual at this time
OF year being built.
The continued rainy weather IN
the lumber districts that has cut
production very materially this year
is partially responsible for the in
creased prices of building materials
E. s. Hutchison of the Hutchison
Lumber company believes. The lum-
Der output has been about rs per
cent below normal this spring, and
this fact, coupled with fact that busi-
ness conditions in the north and
east have caused retailers to allow
their stocks to become almost COM
pletely depleted, has caused the
d sharp upturn in price when the
spring demand exceeded the sup
ply on hand. The retailers all went
into the market at the same time, he
effect was felt Immediately in real
estate circles az well as by builders
when the mills and wholesale
houses were overwhelmed and vir-
tually unable to supply the demand.
Impetus 20 Real Estate.
Locally, the increase has been an
inrctus TO real estate activity, es-
reciallv within the last two weeks.
I.tch!son believes. People are slow
10 invest in anything that Is cheap
or declining and when building ma
terlals went up, construction work
Increased comparatively. Hutchison
believes that the level OF building
prices has been reached withln the
last four or five days. The MIN OF
May. he said, they began skyrocket,
Ing, and up to June had lncreaseu
from 25 TO 80 per cent.
This nrice increase, j. @. Reuuln
OF Adams &, Reddin. realtors, SAID
Yesterday. has affected very ma
teriallv the real estate business the
last two weeks. Thus far 1t ~ the
buvlng market that has been intu-
enced 10 the greatest extent but ~ Is
soon going 10 be the selling market
I thai will feel the effects of the price
Mango. Real estate transacuops
have NOT heen so brisk since the war
as during the last two weeks.
NJ 7. Glass, real estate dealer.
bore ont his statement when he sald
that IT is lust during the last fort-
wight that there has been the greal ,,
S,st amount OF business done in real
sis;ata in years. Glass also pointed
out the fact the managers OF chaln
stores in Chicago and New YORK are
trying to locate here and that store
space downtown is almost at pre-