Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-31
al Estate Looks to 1923 With Optisn-t Year Conservative
GROWTH In BUILDING
w. PREDICTED FOR YEAR
Six.BilIion Mark Seen by Experts, Who
Say Saturation Point Has Not
Been Reached.

Widespread expectation throughout
the United States that the value OF
total building operations OF the coun-
try az whole during 1923 will reach
a volume OF 5000 900, 900 or more is
indicated in statements and surveys
by architectural. real estate. financial
and building authorities. Their studies
Of the question have found little basis
for giving credence to the feeling in
some quarters that the satura ton
point In building has been reached.
For seven years the Architectural
Forum has annually conducted sur
vey among architects in all parts or
the country i'm An effort to forecast
the likely construction volume for the
coming year. &. Stanley Taylor, con
suiting editor OF the Architectural FO-
rum. in charge OF the survey. states:
While our final figures, gathered
from more than . 900 architects, will
not he available for a few DAYS. the
results thus far tabuiated indicate that
during 1929 the volume Of construction
will approximate IS 400. 900 900. or
this total 1t would seem that in the
neighborhood OF 81 500. 900 900 will be
spent for residential construction. not
including apartment houses. but the
one and two family and sO-cailed row
houses.
e6O, 900 Homes.
About 200, 900 single-family dwell
ings. Of a construction cost exceeding
s. 900 each. W. estimate. viii be built
during the new year in cities and SUI
burbs Inclusive Of rural small-house
and farmhouse construction, there Will
he a total Of approximately 500 900 in
cd lgfF
as dwelling houses, many not costing
more than s. 300.
While the architect. with plans for
the years building projects being Gre
ated on his drawing boards. is nat
urally in close touch with what the
new year holds in the construction
! line the real estate man. who must
necessarily keep a sensitive finger on
j the pulse OF business is we'll qualified
| to predict conditions from a business
viewpoint.
In this connection the statement OF
Mr.. II. II. Rade. advertising manager
OF the National Real Estate journal.
will prove interesting "a the outlook
o. a man in intimate touch with real
estate people all over the country.
/ The statement follows.
We predict a construction market
| for 1898 that will total better than
| SIS 600 600 600. compared with a total
- -~~-~-i-~e;e 81 600 600 coo for
49,. The ma iority of questionnaires
/ We received indicated that realtors gen
! orally reported Indications that con-
! struction projects would hold about at
I the same level during 1a3s AZ in 1897
/ In = minority OF locations. he stated.
/ predictions from leading realtors indi-
/ Gated a probs bic slight falling OF.
/ Suburbs Gain.
! Mr.. Bede also states: The suburban
! home building. given such impetus
/ during the last few years. il gaining
; in momentum and will in a large meas
ure account for residential building
! equaling half the total building
market
/ Real estate market activity for the
( country az a whole for August Is In
dicated nv an indsx figure OF $50. &C
( cordinS 70 the compilation Of statistics
ot real estate transfers and convey
RnCes made monthly nv the National
( Association % Real Estate Boards.
I The index 10 compiled from otiicial az
ures recorded in Il typical cities.
/ In the association > compilation the
average number of transfers and con-
veyances recorded during the ccrre-
spending month Of the years Islsis95
in the IL cities is taken as the base
( ti0aa'
/ George A Martin. president az Rail
road Cooperative Building and Loan
Association. predicts a busy year for
/ the small.house builder during 1895.
1T il my belief" SAYS MIR. Martin
in n special statement. that 1898
small house construction Will ccntinus
7 10 so forward with the same sturdy
stride ii has shown during 1897.
base that belief largely upon the fact
that whereas in November. 1926. our
organization financed IL. homes with
81 49, &Sa We increases. that aSEre.
safe loan 10 81 IS. 500 on ga homes
during November. 1877 The con.
( s;sntlv RISING living standard in this
: country az shown by recent reports