Indianapolis Times, Indianapolis, Marion County, 14 November 1941 — Page 32
ni hn SR RE A IN iver sisi Bh soa ia | A AS
me. Building Costs Advance a
- 1TH US
ON NORTH SIE
Three Lots, 2 Subtirban Tracts Also Figure in $145,800 Totdl. North Side Realtors, a division of
the Indianapolis Real Estate Board, this week reported the sale of 17
| houses, three lots and two suburban
properties, all valued at $145,800. - "House sales were: 1436 King Ave.
{and 901-3 N. La Salle St, by Wayne
Harryman; 4212 Graceland Ave, 1829 N. Holloway Ave. and 1811
§ | Arrow Ave, by Jack C. Carr; 1606 {Northwood ‘Drive, by Mr. Carr and
PARRY ig aia oat Li iad Suv
dae
i i
| | i
Costs of a standard six-room Indianapolis home like this have risen, as the chart shows, from a Jow of $5486 in April of 1940 to a current price of nearly $6600.
Home Loan Bank Review (official [Per cent for builder's profit. 7
publication of the Federal Home t Loan Bank Board) it costs .almost [cost of land nor ef surveying the
to build a standard six-room E detached frame home here. nor of Sroviding walks and rive: The Review every three months|Foys: IAe€y do no: Incuce archi publishes figures on building costs tect’s fee, costs of the building permit, Ananeine charges, nor sales
Tis SERIOUS, | If you were to build a standard one-car garage, an- unfinished celLeague Official Talks you just $1109 more than if you had electric wiring equipment and com: {you would have to pay more for it and employees of the Indiana Sav-|omists predict that to build the fixtures, refrigerators, water heaters, this week and heard Morton Bod- the present emergency (and Reported costs. include, 8S." Savings and Loan League, Figures Given In Key Cities compensation insurance, an allow= gency upon their annual conven-
detached six-room frame house in|lar, an unfinished attic, a fireplace, : ; built it 18 months ago. plete insulation. %:© To Indiana Group. than in any period during the last{other wall nor ceiling finish on inranges, screens, weather stripping, ly £ 1 afterwards) |: probably for a few years ) od bor discuss the efusiness. ~ tion was held at
- U. S. Sovint and Loan Indianapolis today, it would cost|essentjal heating, - plumbing and In fact, to build that ho e now ac 4 mn It does not include wallpaper nor “More than 150 junior executives four years. And, real estate econ- terior plastered surface, lighting ing f time durgs and Loan Associations met|same home at any future time nor window shades. in addi- .; Tish, executive vice president of the youll have to spend even more. tion to material ect of the emer~The second the Hotel Lin‘coin.
“Warning of:
the Board’s the seriousness in key cities. prépared by the d
Division of Research and Statistics. . present con- Figures for Indianapolis are obitions, Mr. Bod- tained from the same reputable l0fish said: = . ““ijcal contractors and operative “A war-time Mr. Bodfish builders. Soonomy . on. t th ’ Here they are: siderably eren an a peace-| © 7 (Times Spesisl tlie economy. In peace time they| OStobers 1041 ooovvsoee oo SCE | yAGRINGTON, Nov. 14~Fred T.
git Honey with yrices ‘vem cerseidesi 80607 | Greene, president of the Federal . wn 2 Nation Committed 3 Home Loan : Bank of Indianapolis,
"We monkey with them more in this country than is good for the
GREENE ASSERTS AD ON ARMS STEPPED UP|
tesco esses
9 April ..... serearersenerer ie HL that of its 217 member associations)”
country and ourselves. - We don’t| As you can see by the accompany- sre “stepping up Whete aid to na take large numbers of young peo-|in8 graph, costs have risen steadily | tional rearmament.” thE] 010 service of (except for a few-dollar dip in July| Myr. Greens, making his report. at ‘ple info military service of OPelthis year) since April of 1940. the conference of executives of the
branch’ or another. We don’t cen- Higher Costs Predicted Government officials ac-
tralize great authority in our Fed- Toted ai I toil gral Government . . . this nation] Such men as Roy Wensiick, tive 4n home. financing afd the desaid that the aid
has committed itself beyond perad-|president of Real Estate: “program, JNenture of a doubt to the defeat|of St. Louis and the nation’s lead. |fonSe was especially for the financing of
“of Hitler and those who are co-oper-|ing realty economist, think build- | Vas ‘ating with him.” ing costs will go up even more than Homes for Sstshts work ense workers, .- Speaking of priorities, he said|uney have done. that, “if i build a modern motor’ Speaking here last Sept. 25 he Stguction of Hesded Domes for car, & small one, it takes: about .a said at price control legislation workers moving into e 18 major ton and a quarter of metals. I;|Would be ineffective and predicted defense areas in this bank district Wales quite a lot of chromium, brass|that building material prices would (Indians and Michigan), member Bnd that sort of hing. It takes|continue to climb until a home “in-key cities are raakyBout the same amount of metals won't ‘be ‘worth ‘what it cost to ing loans to provide new rentable oo eS Eh 2 you put In be dwelling: units in existing houses,’ oy > Sa se Er end| He | pointed out that during Mr. Greene. said. metal girders, me » World: War I wholesale lumber all the things that you could probprices alone rose 319 per cent and} neta’ put info a small hoyse in Hh ion geen didn’ bpaevsicn ae : an g € e ones a5 Speech Contest Held ‘we have now. :
“‘®Now, here is the reason that -Wide-Board Siding Used
v are going to have to move on| - Pr judgment with civilian con- Ail House 438 hich hia, costs struetion of small houses. If we had repo. all the iron we needed to build all sthe houses that we have built in
“any
oul a detached six-room ‘home of
ance for contractor’s overhead and.
Today, according to the Federal transportation of materials, plus 10/ grams ‘| ‘cial features.
Reported costs do not include the| land, the cost of planting the lot,|
13 Federal Home Loan Banks which |.
the . con-|
Kenneth Fry; 3351 Ruckle St. by
Ford Woods & Co.; 157 E. Tist S§t.,
5616 N. Pennsylvania St. and Hampton = Drive, by = American Estates Co.; 5813 N. Oxford St., by ‘John Robbins; 2254 Brookside Ave. and 38519 N. Gladstone Ave. : by Maten G. Gardenich; 1132 Oakland Ave, by Thomas F. Carson; 7930 Oakland Road, by John Elam; 6055 Crestview Drive, by Mr. Fry, and 1713 N. Besart Ave., by: Forest Knight. ~~ American Estates Co. sold a lot in Meridian Hills. Fay C. Cash sold
‘fone at Central Ave. and 56th’ St.
and one in Meridian-Kessler Terrace. A 100-acre tract on Road 37 was sold by Mr. Carr, while an 85acre property in Hamilton County was sold by Fieber & Reilly wd
Lorin Driscoll.
Recommend New
Books on Homes:
NEW BOOKS for persons inter- ‘|: ested in better homes which may "be borrowed from Central Library or through the - neighborhood ‘branches include: THE MODERN HOUSE IN AMERICA, ‘by. James and Katherine Marrow: Ford: (Architecture . Book ‘Publishing Co., New York). Houses designed on the basis of “functional serviceability” without ‘reference to “academic documentdtion” have been ‘selected from every region of the U. S. by Prof. and Mrs. Ford. ' The houses range in cost from $2000 to $150,000. Each house. is accompanied by a brief ‘description which includes. uirements of the family,
and other noteworthy spe-
WHAT EVERY WOMAN SHOULD KNOW ABOUT FUR-. NITURE, by Jeanne (Stokes Co., New York). The principles of furniture selection Jor he modern housewife with the budget are outlined. Pho« air of various styles and periods of furniture are accoms= panied by brief descriptions. Ore a —————————
CHEAP VALVES ARE WASTE Cheap vacuum valves are &
waste of money because they willik
not hold a vacuum long and leakge 1s She 1yig mths ian, te go ception. .
REPAIRS PREVENT WASTE"
There is no economy in allow the mechanical equipment in wins
te, construction, interior and | avan or finishes, illustrations, dia= [$i
Judam !
ings to go to pieces through neglec or lack of Sonal pars during th present period of emergency. ———————————————
, HEAT SPEED MEASURED
The sun-like heat rays na ‘a radiator travel at the same as light, ‘namely 186,000 00 miles a second. =
‘HOUSE FURNISHED BY INDIANA SHADE Co.
PHONE MA-9202
i INSTALLMENT BORROWING Under the NEW. REGULATIONS
New credit regulations adipted in the interest of National ‘Defense are worthwhile from the standpoint of borrower, lender and National Preparedness. No undue hardships are
: imposed upon those who need instaliment Bank Credit . . « Our Personal Loan Department continues: to extend the
‘and 18 months to repay.
PERSONAL LOANS:
“Signature
following loan services on a monthly repayment plan:
AUTO LOANS: Made on new and used cars—low cost
loans, repayable
‘monthly at a cost of $6.00 per $100 per year on any amount.
borrowed.
FHA REPAIR LOANS: To repair, remodel and “ | improve your property; 18 months to repay.
THE PEOPLES STATE BANK ih 130 E. MARKET ST. f Member Federal Deposit’ ‘Insurance: Corporation
BNET
BRE SIS
khi BR0d1 "0 CO.
WINDOW me 5 im : Ry
Hor hy pial : : > Muesing-Merrick Goal Go.
PHONE: IR-1191, DR-3350, ‘WA-2481
J LANDSCAPE
INA mr
HE A fos oni 3-bedroom Iu : ty hore
Ba ns
and approved hte cl General Housing Company | | 10 Ree! BR-4367, mee or i
WA- 7617. ent, laundry. hardw
dows, Rarage with ‘ove : We are Just selling COME SATURDAY ‘On Wallace and
.'Ohio GEO. Q. BRUC
BEFORE You BUY See the New BRUGE ST YLE HOME FIRST
5-Room Strictly Modern in ( SLENBIBGE $4,000 {0 $4444 FHA Plan, $35 $27.50 Mo,
pope gn aos Ege, agag ?
our lots by buliding, pa M. OR SUNDAY Sta, South of
"uly STE
as Maps. Ave \
“WALLPAPER
BUTHAKDS
Home . ower Plant
WORK
On Today's Featured House
HIGHLAND LANDSCAPE. 0. Plumbing nd Healing Contractor Qifies iS gursery ot, Sond lll] 888 Mass. Ave. L1-7920
"PHONE BR-0162
CHAS 'W. STOLTE
es. CH-7920
LY:
VEIL
EEL
ER
BINFORD CO.
ISLE
SalD