Indianapolis Times, Indianapolis, Marion County, 2 February 1940 — Page 26
.; president.
i 1940 Home Show,”
SALE OF EXHBIT|__ To
SPACE STARTED FOR HOME SHOW
50,000 Square Feet Is Made Available; Budget $3000 Over_Last Year.
The sale of exhibit space in the 1940 Home Show started today. J. Frank Cantwell, Home Show manager, said that all indications pointed to the almost immediate sale of the 50,000 square feet of available space in the Manufacturers’ Building at the Fair Grounds. A large number of requests for exhibit space has recently come in and there are a large number of reser¥ations from last year’s show, he
- This year’s show, to be held from April 12 to 21, is budgeted to cost $30,000, approximately $3000 more than last year’s show. Three houses will be featured in a centerpiece and there will be 15 gardens. Houses to Be Shown
This is the first year the Home Show is featuring more than one completed house. The three houses -are to cover the demands of the greatest number of people—the “lodge on the river, lake or farm to “be built at a cost of $3000, the home - for young couples to cost about $4500, and a town home for the « average family to cost $8500, according to Merritt Harrison, Home Show
i. “The public will find at its finger * tips the best in design craftsman- © ship and building materials in the Mr, Cantwell . said. Record Crowd Expected -“The Home Show's fame has ~ spread from coast to coast and with - the added houses, the Home Show ~ is making plans to entertain a - larger crowd of interested people - than ever before. Indications from _ other cities are that the interest is - greater and the crowd will be larger - than last year’s 90,000,” he said. Pamphlets describing the Home Show and containing pictures of the . last 18 shows are being mailed to .. members of the national organization of the building industry, including manufacturers, distributors and retailers.
NORTH SIDERS TO MEET The North Side Realtors Association will hold its weekly luncheon Monday at the Canary Cottage. + General business conditions will be * discussed, according to John W. Robbins, president.
ela nein ie ele eee ee ee eee ab Joe Williams
Hardwood Floors
EXPERT WORK CALL D
/ 11 Spruce Strect / | pruce Stree I
EE RO
"NOW
Is the Time to Plant
SHADE TREES
Call or Write for Our Free Shade Tree Catalogue—Mail Address —New Augusta, Indi-
ana. Drive Out or Phone New Augusta 24
A Sy
EAGLE (BA,
NURSERY CO. x FREE PHONE »
d Street and fayette Road.
RENN
+ ¢ « combined garden and breakfas
to be built at a cost of about $8500.
room. The room is designed to grow “chemical plants,” plants that feed from chemical solutions and are not planted in dirt. Huge windows will admit light to the room. Approximately half of the first floor windows are stationary. This gives airtight construction in winter and is necessary for the new type of summer cooling in which all windows and doors lare closed and the temperature is teduced 10 degrees by a fan in the attic floor, Architect Fred Wallick explained. The house has a recessed front entrance, offering protection with-
J. S. Road 52)
out the expense of a vestibule. The stairs are semi-inclosed with
YOU CAN OWN Y
f You Plan the LOAN
OUR OWN HOME
Right. We Offer Quick
nd Friendly Service—No Obligations, of Course
THE PEOPLES MUTUAL SAVING & LOAN ASSOCIATION
118-120 N. Delaware St.
Phone’ RI-3855
HOME BUILDING
GAIN PREDICTED BY 1, U. EXPERT
-|Dr. George A. Steiner Tells
Realtors Long View Not Discouraging.
Residential building will be some= what higher in 1940 than in 1939, Dr. George A. Steiner, assistant professor of finance at Indiana University, predicted here yesterday. . Dr. Steiner reviewed the general business outlook for 1940 in an address at the weekly luncheon of the Indianapolis Real Estate Board in
the Hotel Washington.
He said that one noted forecaster’'s prediction that residential
“Town House” . , . designed to cost about $2500,
This spacious three-bedroom house, designed for the average family, will be one of ‘three houses forming the centerpiece of the 1940 Home Show in the Fair Grounds Manufacturers’ Building. The house, “Town House” of the Home Show group, is designed
One of its outstanding features is the combined garden-breakfast
Plans provide t room.
plastered division walls. Stairs lead to the basement from the rear entrance so that the play room in the basement can be reached without passing through the house. A U-shaped plan is used for the kitchen fixtures. Ample closets are provided; coat and sports closet in main hall, pottery closet in garden room, china closets in passage between kitchen and dining room, broom and linen closet in upper hall, towel closet in bath and double-size closets in bedrooms. J. Prank Cantwell, Home Show manager, said that the house is un{usually compact since it has three {bedrooms and yet remains in the 25,000 cubic feet class.
MOLDING CONCEALS CRACKS IN WALLS
Unsightly wall cracks around bath tubs and showers, often caused by settlement or shrinkage of wall finish, can be concealed by a molding manufactured expressly for this urpose. P The molding is obtainable in aluminum alloy which has tarnishproof qualities; all necessary angles are provided. A bonding compound to hold the molding in place is supplied.
balance, which includes taxes
FOREST MANOR ESTATES
Homes re Automatic and Modernized i in Every Avgointhent 20 LOTS, new sewers, water and gas mains. Streets will be newly paved with concrete to all lots as soon as the weather permits. These lots are one block from the trolley car and new stores and 5 blocks from city schools. We will quote your plans on any of these lots of furnish plans and specifications without obligation on your part. If our bid is successful your home can be, built by our efficient crew in the shortest possible time. We can also negotiate the financing of your home on 109%, down and about 70 cents per month on each $100.00 of your
and insurance.
building would be 7 per cent over last year might be “a little opti-
erally would be better than in the
year just past. Cites Ayres’. Forecast
“Col. Leonard F. ’ prediction that the national invine this year would be $71,000,000,000 as compared with $69,000,000,000 last year is likely true. And that means people will probably have more money with which to build homes.” Dr. Steiner said, however, this prediction was based on the assumption that building costs would be held down. The building situation is not discouraging from the long-term standpoint, either, he said. In England and Holland, where the population has leveled off much more than it has here, ‘building has grown. “I believe that the smaller families of today will make it easier for men to build and own their homes.”
Momentum Will Carry Over
Despite the ‘present slight recession, he said, the momentum of the tremendous business gain of the last quarter will carry over into this
at a good level. The present recovery is genuine, he asserted. The war; of course, was a psychological aid, but it merely continued the improvement which was already und In surveying the general business picture, Dr. Steiner predicted that if the war was prolonged and the U. S. not directly involved, that business during the second”half of 1940 would be 10 to 15 per cent beten during the same ‘period in He estimated that this would be a 50,000,000-ton year in |the steel industry as compared with 46,500,000 tons in 1939 and that there would be a 10 per cent increase in the production of automobiles.
REAL ESTATE BOARD TOINSTALL OFFICERS
New officers of the Indianapolis Real Estate Board will be inaugurated formally at the Board's an-
nual dinner dance Feb. 21 in the Indianapolis Athletic Club. The program is being | |akrengad by Forest M. Knight, social affairs committee chairman. He is being assisted by Carl G. Seytter, vice chairman; Warren M. Atkinson, John G. Dyer, Louis S. Hensley, Thomas K. Ker= cheval, Henry M. Otterbach and Norris P. Shelby. Knight The new officers are Guy H. Williams, president; 4Raymond A. Franke, vice president; C. C. Grove, secretary; Edward A. Hyde, treasurer, and Walter M. Evans, Charles O. Grinslade, Ford V. Woods and Robert P. Moorman, directors.
CARR TO ADDRESS. APARTMENT OWNERS
George L. Carr, district representative of Lloyd-Thomas Co., appraisal engineers, will address the
and Managers’ Association at a luncheon on Feb, 14, at the Hotel Washington. His topic will be “What Every Businessman Should Know About His Fire Insurance.” Miss Mary Molloy, program committee chairman, will have charge.
NEW FAMILY HOME UNITS GAIN IN STATE
Times Special WASHINGTON, Peb. ' 2.—New family dwelling units in [cities of 10,000 or over in Indiana increased from 2724 in 1938 to 4574 in 1929, and from $9,794,700 to $16,547,000, the Federal Home Loan Bank Board reported today. The tabulation includes family dwelling units built or projected throughout 1939, officials explained.
MIRRORS MAKE ROOM BRIGHTER, ‘LARGER
The reflective quality of a mirrored surface is an effective tool in the hand of a skillful home owner. Built-in mirrors increase the apparent spaciousness of a room and brighten dark corners. Well placed, they bolster a dull room by the reflection of lights and by throwing back important colors.
mistic” but that he believed it gen-|
quarter, generally keeping business
Indianapolis Apartment Owne s
ERR re
. Mr. and Mrs. Raymond Kiser have purchased this new $12,500 Cape Cod home at 308 W. 46th St, from the American Estates Co., designers’and builders. Mr. Kiser, who iswmanager of the Colonial Furniture Co., and his family occupied their new home shortly after the first of the year.
VACANCIES SET AT 3 PER CENT
Cold Weather Reduced Apartment Move-outs, W. P. Snethen Says.
Apartment vacancies in Indianapolis at the middle of January amounted to approximately 3 per cent, a very low figure, W. P. Snethen, secretary of the Apartment Owners’ and Managers’ Association, said today. “This season, however, 8 nearly always the best so far as apartment vacancies is concerned,” he said. “The cold weather with its attendant snowfall has reduced move-outs from apartments to an almost record minimum.” One or two-bedroom suites in the middle to higher rental brackets provide the greater per cent of the vacancies, he reported. “Some operators feel that the present high occupancy per cent is misleading and that the situation bears careful watching from now on, else overbuilding can ‘easily result in an unhealthy apartment rental situation.” Rental rates are still about 25 to 28 per cent under the 1929 level, he said. They advanced from a record low of 58 per cent of the ’29 level in 1932 to the present figure, which has been in effect since 1939. There has been little change in the last two years that has affected more than a very few buildings, Mr. Snethen declared.
JANUARY BUILDING BELOW 1939 LEVEL
New construction in Indianapolis for 1940 got off to a slow start last month when building permit valuations totaled $253,688 compared with $1,347,246 in January, 1939.
Hindered chiefly by the cold}
weather, last month’s new construction was $387,709 below the permit valuation for December.
Urban K. Wilde, Indianapolis Real Estate Board executive secretary, said the drop in new construction valuations, the lowest for any month since 1938, was due almost entirely to the unusually frigid weather. He predicted that this month and March would bring a sharp rise in not only the amount but the valuatior® of new construction contemplated for spring. Mr. Wilde pointed out that January was the normal slump period for new building and by no means indicated accurately building trend for the year. Building valuation, during 1939 which reached the highest point since 1928, might even be exceeded this year, he said, but indications of a new high for the
-|year cannot be perceived accurately
until June. The valuation of residential construction last month was $82,900 compared with $139,800 in January, 1939, and $276,225 in December of last year.
PERFECTION - PAINT. ARRANGES PROGRAM
The Perfection Paint and Color Co., 715 E. Maryland St., will have
charge of the weekly program of the Construction League of Indianapolis at noon next Thursday in the Architects and Builders Building. George Gable, secretary-treasurer of the Company, will speak on “New Developments in Paint Technique of
Interest to Architects and Con-|
tractors of This City.” Tom Murray, company salesman, will be in charge of the program. O. H. Menke of Hobart Brothers, Troy, O., presented a movie of his firm’s method of constructing all-
steel houses at yesterday’s meeting.
Consult a
For Better
LANDSCAPING
Feel free t
Specialist
consult 8 at an
BUILT-IN CABINETS STORM SASH
AND
BALL & DURBIN
525 Mass. Ave, LI. 2184
A. C. ERBER
—PLUMBING—
Repairing and Contracting 3823 N. Illinois St. TA-2322
FHA LOANS $3000 To $16,000 Total expense $40 to $48 plus abstracting cost.
INCLUDES FHA FEE F. B. McKIBBIN RI-8727 : 556 Consolidated Bldg.
“Sunbeam”
S WARM AIR FURNACES
“STANDARD” PLUMBING STOKERS OIL BURNERS
The house has four bedrooms, two downstairs, and two baths. ‘Both the downstairs living room and the recreation room in the
basement have fireplaces. The basement also houses a laundry, automatic air-conditioned oil= heating plant and a toilet. A large stationary bay window
Streamlined’ To Spur FHA Building
Construction’ and sale of thousands of sturdily built and architecturally attractive modern homes will be made possible this year through the “streamlined” financing Tacilities offered by the 1940 program of the Federal Housing Administration,. it has been announced by Stewart McDonald, Administrator of the National Housing Act. Mr. McDonald issued this state-
iment on the eve of what in many
sections .of the country is the active building season. He pointed out, however, that in other areas where such activity is on an all-year basis the experience of the first few weeks of 1940 was bearing out his prediction. Technological, financing, and marketing factors now combine for perhaps the first time to make possible the inexpensive yet sound small house. “Although financing facilities of the FHA cover a wide range,” Mr. McDonald said, “special emphasis this year will be directed more than
ever before toward stimulating and |
facilitating the purchase of houses by families in the $1000-to-$2000-a-year income group. It was looking toward this end that the FHA recently broadened its program in order to start the flow of private capital into these new and wider channels. “The construction industry, building material dealers and manufacturers, and lending institutions,” Mr. McDonald continued, “are now uniting in a concerted drive to put before the public a well-equipped home that can be paid for at approximately $25 a month or less. “Both the house and the price are the result of progress made in recent years by builders and lenders, in co-operation with the Government, toward producing a desirable commodity that is available to a large proportion of the nation’s people who have felt previously they could not afford to own their own homes. “Careful planning, combined with the advance made in the develop-
CENTRAL SUPPLY CO.
210 S. Capitol
ment of building materials, has produced houses which not only are:
desirable from a merchandising].
ROOFING
PAINTING
o down Dayment, 3 Vis. to
§ s as an alcove for a which serves a. wor, 20 Insuran
breakfast nook is the feature of the kitchen. New style flutedcasings are used throughout the building. The baths are tile with vitreous china fixtures. The two-car garage is constructed of cement block and has overhead doors. .
STEWART.
. 4761-R
CONSIDER!
"The Convenience of the
OVERHEAD DOOR
SALES OF INDIANAPOLIS 17 E. 16th St. RI-2087. FACTORY BRANCH
OVERHEAD DOOR CORP. Hartford City, Ind.
Financing
standpoint but also are accepted by lenders as excellent mortgage risks, thus making huge reservoirs of private capital available to finance their purchase. “This has been brought about to a large extent by the FHA’s insistence upon minimum construction requirements and property standards for low-priced homes as well as for higher-priced ones. Plans and specifications are now being worked out carefully for houses costing $3000 and less. :
Built-in KITCHEN CABINETS
Be
Carpets, Armstrong Linoleum and Linowall.. See Our Large Display
Jordan's Cabinet & Linoleum Go, .
207 W. Washington St.
ET RA =r gay =r" WE SPECIALIZE IN
—PAPER HANGING— DECORATING THE ELSEA-TAYLOR WALLPAPER Co.
247 N. Delaware St. Phone—RI-6757
Get Up to $1,000 Mortgage Exemption on Taxes
IF YOU ARE BUYING YOUR HOME ON CONTRACT—
and have lowered the purchase price sufficiently, we will a loan with which you ean y off the remainder. oe ou will lower your ly payments to the pan per month, including both Se Incipal ad interest. You Will Get a Dagd, to Your Home, and be allowed up to $1,000 Mortgage Exemption on Taxes.
To Do This You Must Act Before March 1st. Stop In Today, Before It Is Too Late.
BEFORE YOU BUILD—BUY OR REMODEL YOUR HOME
Investigate Colonial’s Various Home Loan Plans
Come in Today for Free Consultation About YOUR Home.
> COLONIAL SAIRES FLAN ASSOEL
ILL. 8T. Member Federal Savings and Loan Insurance Corp. , ai RE
~ aA SCS ea, rascal Teer Teserovanit
->. > > 3 ». =
-, Te
IZ RE I13%
You pay for a home each 15
years that you pay rent, arrange to get the deed
start you, a down payment is all that is needed, and we can assist you fo accumulate it. Remember, too, that we can lend you the largest part of the purchase rent-size monthly repayments.
LL Ala L
If you are now purchasing your home on a "Lease Contract,” it may be possible to obtain a loan here and get your deed, PROMPT ACTION may permit filing TAX EXEMPTION this year for 194} deductions. | We will be glad to isons these
-arrangements without any obligation to you. Call this week!
so why not forit? To
price, with
with nat ; Planting proble
be g any coi
ve 2 2a Fi elp you plan your plantg free of charge
POTTENGER
NURSERY
34th St. and Lafayette Rd. HA -2524-J :
«Fay aT
For Further Information, Call BR-5059, or Fill in the Coupon and Mail to Stas es cscsss sss asravisssesesese
M. E. & M. G. GERDENICH
7033 Central Avenue, Indianapolis “ BUILDERS OF UNUSUAL HOMES
: RS ge Us
Please send full information about Forest Manor Estates to
NAME :.....iv000. 0 ADDRESS
(No Obligation Incurred)
laatry
ut nisi
x
as HL ry
4 FEDERAL SAVINGS AND LOAN ASST.
foe venue INDIANAPOLIS, INDIANA
on
TEE
x
(FT VOC