The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1922-03-20
BUILDING SHOWS
PROMISES GREAT
INCREASE FOR z
Home Construction and Employment
Two Economic indicators swing
Toward Revival Of Business,
state Reports.
GOVERNMENT STATISTICS
GIVEN AS INDICATIONS
Million New Homes In Prospect This
Year Say Estimates; Employment
Situation Improving Says;
Figures Shown.

Washington. March 2o.-Two OF
the fundamental economic indicators.
employment and home building.
showed today that the economic re.
vIyal Ia approaching more rapidly
each month.
Tho department Of labor and com.
merce reported an increase In EN-.
ployment and home building plans OF
great magnitude. More than i00.-
100000 homes Will be built. the dc.
partment OF commerce estimates.
All signes point to 1922 as big
year for home builders. according
to the department. The departments
Division Of Building and housing has
studied reports OF contracts awarded.
analysed figures on building per-
mlls and consulted with builders and
real estate men from scores OF cities
and concludes that before the year
IL out the United States will have
begun 10 reduce It's housing shortage.
Some very simple figures tell the
story. In twenty-seven northeastern
states. In which over two.thIrds OF
our people live. reports are that con.
tracts for rs million dollars worth
OF residential construction were
awarded in February. The figure
was the same for January. while De-
cember showed total OF 101 million
dollars. These figures compare with
a monthly average for the year 1919
OF II million dollars and for 1921 Of
70 million dollars. The showing Is
very remarkable, as normally Decem-'
Der. January and February are the
three lowest months OF the year, and
|. is especially encouraging since the
late summer and fall months showed
an unusually large number OF build.
ing projects started. to be carried
along during the winter season.
Everything points, therefore. to an
active spring building season.
The situation varies greatly be-
tween different cities. OF course,
few even having a surplus OF homes,
but a number Of places apparently
will build to the limit of their capa-
city. In view Of general business
or building trade wages. In fact,
increase in building material prices
that there will be any great general
conditions 1t does not seem likely
the steady activity during the fall
and winter months indicates that the
demand for new construction is OF
steady, healthy nature. that would
probably slacken In case of any
marked advances.
Movements in the building industry
during the next few months are ex-
pected to be rather steady.
Measured in floor space, the aver.
age contracts awarded during the
past three months stand we'll above
the 1921 average and very close to
the high year of 1919. With such q
start. the year 1892 could easily rank
ahead of any year since the begin|
ming of the war.
Residential buildings have account
ed for AZ per cent, or nearly half OF
all new construction during the past
three months, whereas during the
years 1919 to 1921 residential con.
struction was only 81 per cent, or
less than one-third of the total.
Homebuilders are having first call
on the resources Of the construction