Evening star., 1937-08-14
BUILDING REVIVAL
CHANGES LOCALES
But Drop of 14.4 Per Cent
for June From Same Month
of 1886 Shown for u. S.

VI 9CO SIlUWII lUI " d
Far from dishesrtened over the IA
per cent fewer families provided for
in new homes in June than in the
previous June, the Home Building and
Home Owning Committee Of the
United States Building and Loan
League sees, in detailed analysis of
this Department of Labor statistic.
evidence that the revival is changing
hLed to the population spread
E. C. Baltz, Washington, chairman
Of the committee, points out that
seven Of the nine geographic divisions
of the country show increases any
where from eight-tenths of / per cent
to 72.7 per cent, comparing the two
Junes. The big cut in permits issued
came in the Middle Atlantic section,
which has been the scene of 80 per
cent OF all residential building during
the past two years, although it has
only 2l.37 per cent OF the population.
The committee reports that the con-
struction loans granted by savings,
building and loan associations bear out
the same idea of shifting the over
weight of building revival some Sec
tions have been carrying. Association
loans for building new homes were only
81 per cent more numerous in the
Middle Atlatnic section during the
second quarter than they were for
the same period of 1886. On the other
hand, financing from this source pro-
pided for building 1OS17 per cent
more homes in the East North Central
section, the highest of any Of the Sec
tons in home building gains over
June, 1886.
Northern Sector Gain.
This champion building area in the
present residential operations ac-
counted for only l4.13 per cent of the
l935 building and 1899 per cent OF
that in 1886, while it has more than
20 per cent of the country's population
Therefore, the committee points out, it
t making up for lost time in its ac-
ttvlty this year, while several OF the
other sections which were doing more
than their expected share of residence
SiA1NAAS t1lS 1dSU uNO SCd4S dlS SlOWAlS
DOWN.
The Mountain, Pacific and South
Atlantic States did a larger proportion
Of the total residential building in
1885 and 1886 than would have been
expected from their relation to the
total population, and in each of these
sections April, May and June of this
year show taperings off month by
month in the percentage of residential
building gain over last year. The West
North Central district, as we'll as the
East North Central States, show larger
gains over last year now than it did
ct the beginning of the Spring, and
records for 1885 and 1885 show that
neither was doing proportionately as
much OF the residential building those
years as might have been expected
from their share of the population.
New England, which has been doing
a. share OF residential building about
equal 10 its population percentage,
fapered of in June gains but was up
in MAY.
South Iass.
South Central States, both East
and West, are the only ones in which
the residential building trend is run
ming contrary to the rule, and may be
said to be actually tagging, the COM
mittee indicates. In both these Sec
tions the residential building done
since 1884 has continued to be less
than their share of the whole popula-
tion, and yet their performance since
Spring OF this year has shown a steady
decline in the margin over perform
snce last year. This is partially ex-
planned by proportionately larger
Negro population in these States with
less likelihood of taking the initiative
for new housing.
Mr.. Baltz said that the financing of
new housing by savings, building and
loan associations showed gains for
April May and June, 1887, over like
months OF 1886 in each OF the geo.
graphic sections. Gains Of more than
IS per cent in numbers of construction
loans were characteristic Of the New
England, East North Central, West
South Central and Mountain States
From this it appears that in some Of the
sections building and loan dollars are
doing q much larger part OF the total
building than they were this time last