Evening star., 1926-01-21
RECORD BUILDING
: YEAR PREDICTED
Real Estate Men Look for
Business Close to Mark
Reached During 1925.
Bl j. {. ROlLF..
pecIsl Dispatch TO The star.

'p''l'i bispstch 10 The star.
NEW YORK. January 2i-Real
estate men are more anxious than
ever to use collective lessons OF ex-
perience. observe business obligations
ana establish and maintain profeS-
Nlollal standards. according TO Charles
- Edwards of New York president
or tho National Association Of Real
Estate Boards. In a dispatch to the
writer from New Orleans. where the
tssoc1HtIon IS in session. President Ed
wards said:
We deplore speculative boums and
we know that the Florida realtors are
doing all in their power to keep out
The speculative element there.
The South is just awakening from
state OF letharcy believe the
cities of the South have l;ved too long
"n historical facts. The tourist bust
ness is not enough To make cities
grow as they normally should. Real
tors should work with the idea of
bringing people in to live and not just
to visit.
Finds Prosperity General.
'rhe real estate of the Nation Is
enjoying its share of the general pros,
perity. on n tour Of ST .000 miles
which included A States and four
Provinces Of Canada. | found nothing
hut stable activity. The biggest con
tribution TO the realtors prosperity
in 1925 was the 81. 500. 900 900 building
program. l look for building To con
tinue on a larger scale throughout
1925. although not on as broad basis
as in 1925.
Tho association. which comprises
boards with membership of 5000
active realtors and affiliated members
totallnG 10000 more. is outlining
plans TO promote home building and
home owning and the erection of
bu1'dlngs OF a permanent type.
Florida Leads List.
A careful survey of building during
the last year shows that the 16 cities
Of Florida issued permits involving
1924 .500.457. a gain Of 219 per cent as
compared with the volume of con
struCtion in 1924. Tremendous i'm
provement also was recored in the
Mississippi and Louisiana gulf coast
section. New York had $1,000 600 900
building year for the first time in
history. Other sections Jared re
markably we'll also.
The last month showed the great
est activity on record for this time
of year. according to the figures of
he association. The total number of
conveyanceS and transfers III Al rep
itStIIdtlNf cities OulluS Itlt ldSl year
totaled 1929. 900 as compared with
100000 in the same cities the pre-
cedinG year, "a gain of eight per cent
in the volume of real estate move
ment.
Many of the sales were made on a
part-Dayment plan and the association
is making strenuous efforts to have
clarified the procedure in paying in
come and federal taxes on funds ac-
cruing from such sales.
$4,000 100000 Year Seen.
The Architectural Forum predicts an
other S6. 900. .O00, 900 building year bas-
Ing its belief on confidential reports of
the amount of construction Contem-
plated as shown by work now in the
hands of architects. Construction es-
timated TO cost S5.3S4 1872 500 is likely
in 1926. aCcordign to the plans now be
ing worked on. In addition il is reason
able to expect another $500 900 900 in
industrial plants and small houses in
planning which architects are not
consulted. Approximately 77S.440 new
buildings will be put up. the Forum
estimates.
New records for land values have
been established time after time in
New York City, Philadelphia and other
arge centers. The significance of the
building program can be judged by
he fact that 10 per cent OF the Nation
al income is spent annually on con
struction.
tCOpvrlglt. 1920