Indianapolis Times, Indianapolis, Marion County, 12 August 1951 — Page 37
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12, 1951
ere . .
ub, in honor ny Vice Chief Wade Hampguests inMrs. Omar d Mrs. Hoyt yen, and Mrs,
Collins were rters the fola large recep-
Mrs, Haisli
Pp
lc ceremonial for the Genlist at this int reception t all the top ) Sen. Harry
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Section Four
Real Estate
: The Indianapolis Times
Real Estate............37, 38, 39 : BUSiNGSS. i svn veusensens If 38.0 1 \ Small House Plan. ...ceevess. 39
SUNDAY, AUGUST 12, 1951 _ »
PAGE 37 Automobiles, Fix-lt........0.. 52
MP
Controls
LANDSCA
Dream Comes rue, in Wood nd Limestone
Couple Here Plans Home 10. Years
Dreams do come true once in awhile, especially if they center about a home.
And a dream home is fast becoming a reality for Bob and Neva Frame. Their plans and ; ; hopes are materializing into’ a x ; neat five-room Bedford stone ranch home atop a scenic slope overlooking a quiet little lake.
_ WINDOW WASHERS—Dirty windows come with a new house, Mr. and Mrs. Robert Frais find.
: S| Double Talk— New NPA Rules ®! Average Guy HitDemand Ingenuity
And it looks just as nice as it sounds.
“We've dreamed about a place like this for as long as we've been married,” said Mrs, Frame.
“It took us a long time, but it
: has been worth it. We knew just i what we wanted,” her husband § added.
Site on Lake
By Credit Control In Construction
Builders
ble By DON TEVERBAUGH By Times Real Estate Editor homes of medium
Fast talking government economists have talked the new
Their “dream home’ had to be trou- near water, they both agreed. And last fall they found the spot a lot 150 by 370 feet with lake frontage in the Lakeside Addition
should have no
constructing single family
size under the
regulation in which the Na-
Hit Only Luxury Builder
|
|
PING—We'll put the shrub about here . . .
NEW HOUSE, NEW BROOM—There's plenty to sweep up.
wanted it,"
other two months work here before I get all the things done I hope to finish this year then I'm going to do a little fishing.” grinned Mr. Frame,
home exactly as she added.
we
‘He told us that if he couldn’t give us exactly what we wanted, he'd rather not build the place,”
{limit Mohr,
‘hot and cold water, steel pipe for John Max Realty Co.--3607 gas, steam and hot water heat- ester St.; 5145 Broadway, co= ing, and steel tubing for electrical operating broker Joe Berger: 4750 sonduit, E. 64th St. 5925 E. Washington Uncontroled Products St., and 3536 Grant Ave, Steel “B” products, on which Gregory & Appel, Inc. 837 8S, there are no controls, include; Re- Reisner St.
administration right behind
the eight ball as far as the
average home buyer is con®rned. For it is the average guy who has been smacked hard-
est bv federal credit controls namely Regulation W, 1t was confusing to the publie when the administration labeled high down paymerits qn homes’ as an “anti-inflationary’ step. But
public indignation bubbled over when these same economists issued $171 million worth of tax exempt public housing bonds. Surely this act, ¢ould not be considered ‘“‘anti-inflationary.”
LJ n » ARGUMENTS THAT previous credit terms on home purchases are inflationary have fallen flat. The new credit curbs certainly have done nothing to halt the rise in the prices of homes. these new concaused price
In some cases, trols have actually hikes. I can remember when the federal agencles promised to keep abreast of the conditions and relax controls when the need became apparent—that was when controls first were placed on home building. Well} the need for relaxation of these controls is quite obvious now. It is obvious to everyone except the government economists, apparently. ” =n »
New Floor Material
Pr. Fred O'Flaherty of the Univergity of Cincinnati Research Foundation has announced the development of a new concrete
floor surfacing almost as resilient as wood. Tt may he sanded, waxed, pol
feshed. and will not interfere with radiant heating systems, ” nN ”
The Crystal Ball Inside stuff from Washington tells us that the next thing planned will he an alteration of
the Controls hill to permit relaxation of Regulation X in certain areas without officially
classifying these locations as *oritical” and thereby eliminating all further war contracts from local industry. ” ” .
Confusion Rampant
Nearly all builders and some newspapers (not this one) were confused here this week by the new construction regulations under the Controlled Materials Plan. The bewilderment also extended to the local National Production Authority office, where Bill Rightor, NPA director here, had not received any instruction or information on the new regulations as late as four days followIng the announcement.
AR
anges oh
In Marion County . Mortgages lasued in Marion County during last month fell off | about 40 per cent, dropping from, 1840 a year ago to 1150, the Un-/ fon Title Co. ‘week. : Twenty-four of that total were for more than $20,000,
vings and Loan Association 3) Sher tendon,
5
announced this, World's
| The Railroadmen’s Faderalisalayan
ao ¥. oN
anny May
A new approach {oo battle shortages is being launched by Washington--this .one aimed at mortgage money. The Federal National Nr tiraRe Association tFanny May) has cut down on its buying and of the ordinary Kind of government insured mortgages Of the money thus saved, about $350 million has been tabbed for
buying up home mortgages in some 30 defense areas where housing is critical. \
It should give quite’ a boost ta defense housing. Fanny May has relaxed demands that mortgage holders wait two months before selling to| her, but only for builders in defense areas. This makes for faster turnover for the money lenders and should spur building to some extent.
New Construction Up During July
New construction valued at nearly $2.8 billion was started during July, the Building Materials Division, U. 8S. Department of Commerce, and the U. 8S, Labor Department's Bureau of Labor Statistics reported this week. The preliminary estimate of new construction dollar outlays in July represented an increase of 3 per cent over both the June 1951 and the July 1950 figures. Increasing effects of restric-| tions on building became evident! in July. Private homebuilding
activity failed to show the usual seasonal increase and was about 30 per cent under last year's
record rate. Commercial building began to drop and there was a continued! decline in construction of social and recreational facilities. Peacetime public works
in July. Highway construction activity rose less than seasonally and was slightly under a year ago. Reclamation and flood control work was off slightly from July 1950 levels, in spite of the priority being given to powerproducing projects. Total private outlays for new construction amounted to $1.8 billion in July 1951--2 per cent above June, but 8 per cent below July 1950 levels. Public construction expendi(turesf of $932 million were up 6
per cent from June and 37 per
aly. seven months of this year were “per cent larger than in the eae iii period of 1950, {compared with a 32 per cent increase in public construction expenditures.
n +
Lightest Wood
Tano, found in Siam and the be the world's lightest wood, It is
the English in. makwn meta.
selling!
quality in home construction dur- wonderful.
> a few miles northwest of Indian- Mr, Frame said. tional Production Authority will apolis, near New Augusta. limit the amount of critical met-| “As soon as we found this als that can be used, Clyde A. place we were sure it was what
Fulton, president of the National, we wanted,” said Mr. Frame, i “I had heen buying all kinds of 100K out across the lake and Mrs.
Two Picture Windows
The home is planned so that the two large picture windows
Retail Lumber Dealers AssociaE ¢ : home planning magazines and we Frame, while working in her tion, stated this week. spent hours picking out various kitchen, can look up and absorh “However, it will Begnecessary things we liked,” Mrs. Frame all of the scenic advantages of to use lumber in place of gtruc- smiled. “Finally we got out a their Hompspe, tudes hed tural steel to avoid exceeding the pencil and paper, and skeiched e ts Juges So ed - allowance.” Mr. Fulton said. out what we would build—if' we PPS, Wo ‘haths, ‘a -kiichen, a owned the lot.” large living room. a utility room,
“Since NPA. reportedly does not
. 5 a large entrance hall and an atintend to issue permits or mate-
The Frames didn’t actually tached garage.
buy
rial allotments for any large the lot until this spring. “CW ally . number of single family homes “TI think my husband decided Ye really ptt ou? ; home iwhich would utilize more than 10 buy the Jot the. first time he a iam the specified amounts of steel, S8W 2 fish jump in the lake " spend the most of our time, so copper, and aluminum, a very that was what really sold him, il felt it t } the st { high percentage of the homes teased Mrs. Frame. tt plies ee De or started in the. next few months Allison Employee “A fireplace was a must for will have to be built with a mini- ; ivi ” sai ‘re Le I Oa Mr. Frame works as boring OUT living room, said Mr. Fraime, ial mill operator at Allison's and nd the entire west wall of the terials. spent four years in the Pacific room is finished in Bedford lime-
“This means houses will have uh the Army. During the war, stone, providing an attractive to be compact in shape and that'y,.. \vife worked as a checker for setting for their natural fireplace. plumbing fixtures will. have to be They Owning their own home is an concentrated as much as possible > important phase of their life, the in one part of the house, in order i ; : Frames felt. to require a minimum of pipe, Nine Weeks ago construction “I believe that a good part of “Metals will work began on their home and in {he guccess of marriage is de-
the same firm, have been
married 10 years,
have to be elimi-
another few weeks it will be all . " ota en TA ps hap pendent upon home ownership, nated everywhere, except where ready. says Mrs. Frame, there is no substitute, if the “We: took our plans to con-
“It gives the couple mutual in Lawrence Lovitt who was teprests and helps us by friends,” sume the many responsibilities of “He has been married life,” she added. “It We told him what we means more friends
showed him
builder is to complete a home t.q.top
3 eh : ; them to as without exceeding the minimums. recommended to “There need be no sacrifice of Mrs. Frame said. also a more sat-
ing the time the new ruling re- wanted, our maga- jsfying and enriched life
mains in effect, but most’ builders zine clippings and added our own But when the Frames move in will have to change their plans altera tions. their job is just beginning, and drastically and exercise consider- “And Mr. Lovitt has done they know it. able ingenuity,” he concluded. everything he could to build the “I estimate that I've got an-
‘Get Dependable Builder’ oil tanks, electrical outlets and Property). As advice to any other couples panels, soil pipe, grills, cast iron John Lookabill 3340 N. Drexel now plan ning their “dream plumbing fixtures and fittings, Ave, 3002 N, Stuart St. and 3008 house” Mr. Frame emphasized Copper limitations are more N. Stuart St. the importance of getting a de- severe than steel. And. where A. H. M, Graves, Inc.—Lot 5200 pendable builder. (builders use steel pipe, onl¥ Fihlock N. Tilinois Bt. and 3848 “1 never had to worry about a pounds of copper may be used for DeQuincy St thing.” he commented. “Mr Iovitte Wiring. If he uses nther than steel Hugh Teeters Co. West 116th took a-lat of time to. find .out PiPINg. he is permitted 160 pounds gt fayrth house west of Spring. exactly what we had in mind. and of copper for wiring, tubing and yi;1 Rd., and 3926 N. Kevstone as a result, we are getting exact- flashing Ave., cooperating hroker Haynes ly what we want.” = Bers mayv use any of the Realty Service & y 1A . "HS oHoOwWIng copper produit fT In any 3 . “ 2 os a 2 in quantity available: Finish hard ar denich Co.— 414-18 'W. 25th of hard work’ for the Frames. Ware, Insect: screens weathers © Rut it was a dream thev'd fos strips, plumbing trim, rough fit Haw kins-Whiffing 934 W. 324 tered for several years And now tings and water heateys. St.; "1614 Rembrandt St.; 2009
it has come’ true,
Walt Veon Co. Reports 11 Sales
During July, the Walt Veon Co. reported the sale of 11 properties at a total value of $156,000 firm president Walt Veon an nounced this week,
The sales: 5926 Pleasant Run Pkwy., 144 Buckingham Dr., 5460 Guilford Ave., 6167 Primrose Ave. 2739 E. 37th St., 318-20 N, Eastern Ave. 3518 N. Denny St. 2134 Rosslyn Ave, 3059 Forest Manor St., 6305 Forest View Dr. and Gray Rd. at 116th St,
Miles of Lumber
It would take 1,900,000 boxcars which would
ACIOSss the
reach
United States five times, to carry the nation's lumber production in one year,
Public Invited .to Inspect These Homes Today
tile baths, decorated tastefully.
Peninsula, is believed to, (den. .
x also” gave way to atomic energy, de|fense plant and military projects
6187 Riverview Drive
This attractive Bedford. limestone home in the
sigs eS CI
1518.22.26 S. Bosart Ave. Three homes located at 1518-22-26 S. Bosart Ave. will
Warfleigh Addition at 6187 Riverview Drive will be open pe open to the public between 10 a. m. and 4 p. m. today and
for public inspection from 2 to 6 p. m. today. Built by the Atlas Builders, Ing., the home is situated
on a 90-by-200-foot wooded lot, and is the last.word in modern living. A recessed front door leads into a large living room finished Soft pastel colors. A sliding door in grey and green and featuring connects the kitchen and dining a nine-foot Miami awning type room. window and a marble fireplace.— The home is entirely insulated A large archway: leads to a full with fiber glass and includes five
sized dining room, off of which 1s ©1o%et*
windows are aluminum and fitted with screens and storm windows.
Terrance In Rear
sink, electric dishwasher and dis- large two-car garage with a 15posal. foot overhead door and a turn- : around driveway. At the rear of the home is a The house also includes three large brick terrace, screened and [large bedrooms and two complete protected by large trees. Acting as agent for the home One: bedroom is finished in ma- is the Bruce Savage Realty Co 'hogany paneling "and could be The ranch type home also inused conveniently: as a study or leludes a full basement. It will be shown during the All interior doors are hirch week hy special appointment with of selected hag i mira? Oty Mr Sav-
Three Large Bedroom
-
Walls and ceilings are painted ih|
noon to 4 p. m. and 6 to 8 p. m. both Monday and Tuesday.
The, attractive homes are built by the Sheehan Construction Co., one of the oldest : contracting firms in the state. A family firm, tH® company is now in its third generation. The homes. range in price from $12,000 to $15,250. Two are twobedroom, single story homes with large living rooms, combination kitchens and dinettes, and a bath.
matic oil heating systems. All
have full basements, Completely Equipped Other features of the homes include: Storm windows, kitchen ventilating fans, window ventilating fans, clothes line posts in the vards, awnings front and rear, a huilt-in garbage container. brick hag © . ai
One Is Larver
an extra half bath in a story and. Mis ana noors, an airtemp hu- : = 3 ’ miditier, and complete landscapa half structure. ing and flower’ boxes, All have modern kitchens with Sheehan Construction Co, has other lots available in the city
Old Trail natural finish cabinets. The dinette area has a china cupboard, as well. |
dach bedroom has {ts own cloket and each house has a total of
wood on which it will build to order and
has 14 FHA loan commitments, James E. Curtis, pregident of the firm, said. Officers of the company inc ude
five closets. Doors are of the flush Mr. Curtig, Cora 8. Curtis, vice F
type with natural birch finish, | president; Josephine Curtis, secreOne 6f the homes has coal fur: tary. and Robert H. Wagener, |
nace haat. The others have auto-' auditor.
Small Home Production Not Greatly Affected, Housing Expert Says
New federal restrictions on building aren't going to construction work to “chicken-coop” housing, Bill secretary of the Marion County Residential Build-
ers, said this week. “The new the luxury and will eliminate a lot ol appointments in all
will hit builder
he tricliane cover some new methods for ultra builders which will tend to rehomes duce the rising cost of building. shouldn't cripple home “It's going to mean that home
tion to any great designers and builders are going
class
fancy but 1t
building . produ
degree,” he said to have to start economizing, Actually, he pointed out, the substituting and eliminating. new controls merely put the “And my experience in the builders on the “honor system.” building field has taught me that (‘ontractors planning construe- contractors are pretty ingenious tion of single family houses and businessmen, they'll find wavs to
four-dwelling unit structures build homes the public wants limited quan- “The building industry has been
up to
may self-certify for
tities of steel and copper in order leaping from one crisis to tha ing deliveries of these materials next for the past five years now for the fourth quarter, he said. we're begininng to get used to Certification Is Simple it.” he smiled. The new regulations supercede Under the self-certification sys- oo. iap Jimitations regarding cost tem now available to the one-10- . 4 qize of construction. four-family house builder, his orders fob ¢ritical metal items
will have equal standing with any allocation for any type construction, Mr, Mohr said. When a builder places for these critical metal items, he merely marks it “certified under CMP-6," adds the date and signs his name, he explained. All other type construction necessitates filing of the CMP-4C ar form, which requires processing by various agencies. he Associated North Side Builders will be limited to 1800 A re reported 38 sales totale pounds of carbon steel; which in- ing $444.570 for the week ending cludes nails, straight reinforcing Aug. 4, Chairman Willis Adams bars, sheet metal for flashing gnnounced this week. and termite shields, steel pipe for = The sales:
North Side Sales For Week Near
an order
inforcing mesh, basement area Butterworth & Co. 7913 Ridge
ways, gutters and downspouts, Road and 2919 E, 62d St basement windows ishes, hard- Driscoll Realty Co. 3018-20 N. ware (builders and finish), New Jersev St : kitchen and medicine cabinets WwW. IL. Bridges & Son. 2355 plumbing fixtures, miscellaneous pA va traps and fittings, hot water i ToL : . heaters. septic tanks. shower Fred T, Hill Co, 300 feet Maxstalls, metal duct work, furnaces, MK kee Lake front (the Fulton
Massachusetts Washington 8t.;
Ave: 332-34 W.
Permitted Lot 6200 Spring
Some Aluminum
The builder may use all the Mill Rd.; Lot 39th and Whittier . aluminum duct work insect PI and Lots 245-49 Hiawatha screens, hardware and electrical Garden. fittings he can find. None are Willis Adams 3315 N. Glad-
controlled. All other aluminum defense efforts
stone Ave., cooperating broker will go to Gil Carter Co. The Spann Co. No structural steel mav be used 13th St.
Inc.—-121 E,
for housing, even if the contrac Haynes Realty Service--5027 tor has it, without approval from Primrose 'Ave.; 5153 Caroline federal authorities Ave.; 3955 Winthrop Ave. and The picture for constructing 1630 Rosslyn Ave. multi-unit buildings, those of Uptown Realty Co.—4026 more than four dwelling units, Graceland Ave.: two and threeis not so bright. quarter acres 21st St. and CounIt the structure requires more try Club Rd.. and one and two-
than 25 tons of «
arbon steel, one thirds acres 21st St. and Country {ton of copper, and none of alumi- Club Rd. num, you must request permis Evans-Bromert -5210 N. New sion to build from the FHA, No Jersey St.: 6050 N. Oxford St, and priority assistance will be given 930 Powell PI. until after Sept. 30, because pres ent demands outstrip producti , Pproduction. Capehart-Farnsworth Different After Sept. 30 . After Sept, 30, the home builder Names Personnel Chief will for the first time be author (‘orbhin A MeNeil has heen ized to use a DO rating for “RB” hamed personnel director nf the product Capehart-Farnswarth Carp Ft, This means, according to the Wayne, Fred D. Wilann, president, National Association of Home announced this week Ruilders, that the huilder will be Mr. MeNeill comes to Capehart,
ahle to round out his procurement an of end products containieg and aluminum and products including ce m lumber hy extending a on hig orders tn his su
associate nf the International Telephone and Telegraph othep from the Argonne Natinnal and oratories, Chicagn, where he NO order personnel director, ppliers Argonne is
tee] Corp. 1.2ah.
was
copper ent atomie
the energy
“Generally, the effect of the reearch operation of the Univers new controls will he ane of peon- sity of Chicago. omy, rather than a general slow- Before 1946, when he Joined down of all home building,” Mr. Argonne, Mr. McNeill waz asgzoMohr said. riated with Littelfuse, Inec.. alzo In the long run, he indicated, of Chicago, and Johnson and the controls would probably un- Johnson.
se ———————————
City, State Place 12th In National Urban Building
Indianapolis and Indiana each! For the whole state, 4588 units
ranked 12th among the ratings were built in urban areas during of cities and states in urban the first five months of the year, building during the first five the report showed. months of 1951, the U., 8. De- Generally, construction of
partment of Labor announced. dwelling units fell off all across $26.3 the nation, as compared to a year
ago, but all other types of build«
Indianapolis recorded million worth of construction and
the state, $91.2 million. It was a ing were up. gain of $10 million for the city Indiana Construction Soars and ‘$13 million fore the state, Most of the building of dwell Aldtiagwus, - ; . PRET 10 Although outstripped by -the then those between 10.000 and state capital in value, Soufh 25.000.
The Kast North Central area including Indiana, topped the pas tion as home ~builders, erecting ia £127 million worth, ‘up ahout 18 Breakdown of Figures per cent over last year's pace. .South "Bend recorded building Hammond topped the nation contracts valued at $8.1 million; with $2.3 million worth of public Wayne, $49 million, and 363 buildings... awelling units: Gary. $4.8 million Indianapolis ranked seventh - and 412 units, and Evansville with $1 million worth of institu. "XT tional structures. Jr
Bend put up more dwelling units 520, as compared to 493 for Indianapolis.