Evening star., 1932-10-22
HOME OWNERSHIP
IN RATIO TO FUNDS
Availability Of Financing Is
Found to Have Direct
/ Effect on Holdings.

Availability Of home financing funds
has a direct effect on the extent OF
home ownership, 1t Is declared by the
United States Building and Loan
League on the basis Of a current study
of the recently published 1880 census
report.
Twenty-seven States Of the country,
as shown by the 1880 census figures,
had a higher record of home owner
ship than the general average of 46.8
per cent for the country as a whole.
This is attributable to the fact that
these States had more abundant finance
facilities than the other 81 States. &C
cording to the Home Building and Home
Owning Committee of the league.
From g. study Of the census figures
and building and loan association
records, the committee finds that the
81 States with more than average per-
centage Of homes owned by their occu-
pants have sS5.92 per capita building
and lean assets, compared with $43.46
in the below-average home ownership
group.
Direct Relationship Shown.
"These figures show direct relation
ship between the growth of capital de-
voted solely to home financing and the
progress Of home ownership" says
Philip Lieber, Shreveport, La. chairman
of the league committee They give
definite. reason why establishment of
the Federal Home Lean banks. making
more funds available to building and
loan associations, will tend to increase
the percentage Of home ownership every
where
The 27 States which are above
average in proportion of owned homes
have total population Of 1881, ,578
and total building and loan assets of
S5,624. 387, $50. Of these the most out
standing examples of how accumulation
of home financing money in building
and loan associations furtherS home
ownership are Maryland. with SAL per
cent home ownership and $128.71 per
capita building and loan assets; New
Jersey, AIT per cent, with $287.42; Ohio,
537 per cent, with $17426; Pennsyl-
vania. 536 per cent, with $129.85; Utah.
60 per cent, with S10484; Wisconsin,
highest in the Union in home owner
ship, GLIB per cent, with 5.68; Ne
braska. 529 per cent, with 9943, and
Indiana, 536 per cent owned homes
and S8911 per capita building and loan
assets The States which fall below the
average of 46.8 per cent for the coun-
try's home ownership have total popu-
1ation of 64.143,468 and total building
ana loan resources OF only SZ, ,Sol,-
159.
Furthermore, in the 19 States which
have over $50 per capita building and
loan assets the census takers record
7,39780 owned homes, more than halt
of the countrys tctal, which is 14,002,-
O74
Such definite parallels between home
ownership and building and loan assets
indicate the need for organizing build
ing and loan associations in COM
mutlfties where such home financing
facilities are now inadequate or totally
lacking If we are to make home owners
out of renters. Likewise an increase in
the number of savings investors and in
the amounts of their investment in
already existing building and loan asso-
ciati9ns will stimulate home ownership.
This expansion will give the Home Loan
banks greater facilities through which
to work, wider channels for the distri-
button of home mortgage money. When
we have brought per capita building
and loan aSsets in every locality up to
Sl00 We may be assured Of a record
home ownership percentage for the
Nation"
Per Capita Figures Given.
The Home Building and Home Own
ing Committee of the league shows
below the States with their per capita
building and loan assets as Of Decem-
Der 81, 1881, and their percentage of
owned homes. The star indicates States
hoy rat ot ton rf