Indianapolis Times, Indianapolis, Marion County, 30 December 1951 — Page 29

, (beloperone red “flowers” earance. An ind a general alled flowers

Old Stand

and is one of leces of furniDirt and dust . the base of ke the stand the end of a books also transfer it to

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APING [REES Nursery

LOWERS

arty decora1,>call Bernice of Flowers. ants and arparties large thé exquisite nice Brown's of Flowers, on. BE, 2459.

will as usual rica. seeds for ‘ays you will onally adver1s at Bash's N. Delaware, 13.

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2] decorations ar’s party if - centerpieces \tkins Flower ver Shop also of floral gifts ms. Convenveen St. Vinist Hospitals, hop, 2049 N.

iwestern will the past to with all the ate methods, gledow, Midrts. CO. 2835.

* n'll get 25% on bearing shade trees, s and trees ok Nursery. former High- )., NOW under vnership and ybrook Nurs1 mile east BR. 0162.

* i \y ze sy d k 1p . ns now? Just their trained k over your st the plantif you don’t "ll find Eagle t in 1952 as ethods to inyear ’'round 7 varieties of 1d trees for ening enjoyek Nursery, 8 north of 0. 2881.

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“ew The Indianapolis Times

: Real Estate i che

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Real Estate > naan 29-31 ¥ : Blsiness:.'. 5... vrrannensen 30° > Small House Plan’. .........2 3]

" E - SUNDAY, DECEMBER 30, 1951 PAGE 29 | Classified ateeris costes 238

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“| Today «Business Booming ‘52 Market Seen By Local Realtors

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n | The big problems for realtors and home builders during Ge: will continue critical and the 1000/ing” some low cost doubles foF, fy will the Turn 1952 will be down payments, mortgage money and building CITY . COUNTY defense housing units to be built| rentals,

: j i Y ; ont 1 drop in the bucket.’Th aor | materials, but the coming year will present an active market * DWELLING UNITS DWELLING UNITS, TIRgesh shortage In rentals 1s for To Grinslade, builder of low

| : : v ost homes—The high down pay- . ; * for the home builder and seller, | ) ) the $40 per month units. BE cs Wi dow pay. C Ly A |? That's thesconsensus of opinion | wa» oh ‘ ; ( { 8 8 =n builders into the low price field, ome Y Pri ® jof realtors and builders surveyed! Guy Boyd of Jack C. Card, ag Paul Coens. 'T.. A. Moynahan Prices will rise about 1 or 2 per - ’ . |by The Times this week. . Inc, and chairman of the As- 109 ? 2084 P5068] ? Coy da] a nanan cent during the first four months By Harold Hartle Prices on new homes are ex- sociated North Side Realtors— A ment Owners Association—The ©f 1952. Demand is as strong, hy y : y pected to rise in ’'52, but prices on Real estate activity will be slight- 1950 -“ 1951 1952 1950 195} 1952 coming year will bring more of or stronger.

{used houses have apparently lev- ly higher next year. Home building during 1951 fell

the same for the property man-

] tv houlders in the door- eled off, most builders and reals Mr. Boyd's reasons included the : fa ; 5 8 _ off; sharply after a running start; TWO YEARS are about to brush S00 - tors felt, (continued industrial expansion of VALUE VALUE Br Ta nn will son. the drop a direct result of Regu- . way of time. ; : . Scarcity of building materials he City, new tax exemptions for 518 849 796. ; work hard at good will. lation. X .and tight: mortgage We know all abqut the one going out. It's the little .,yce builders less worry than hohe Sellers, increasing popula- $10,295,104 an’ : YS . money, | i re or : : dl Ags <1 i oe 3 . ion and the trend toward larger : 4 uring the hrs months oO guy coming in who wears the question mark. [Eo Sewn A er families. Charles BR. Forrest, president of the year, FHA issued 4137 com0ld Man 1951 has gone through| h [for easier - mortgage money in| ® x a “) S the Emil C. Rassman A 0. Hous- mitments for new homes and 2818 ° his paces. He's dished up ean Where It Hurt 1959; However - ’ ' ‘Bruce Savage,’ Realtor—There \..Y - ) 5 ') ing will remain critical during commitments for existing homes dals, political blow-ups, rown | . ; ich ’ * continues to be a shortage of well y Frere - 1952. Controls have scared off in- for a total of more than $53.54 money around like a sailor on a AND ose Lontrols with Rentals Tight designed homes in the $18.000 to $21,343,980 $20,101,204 vestors and few rental units ‘are million, . 24-hour leave. | goods, make it searce and keep! Despite plans for some 900 $35,000 price brackets, we've got : being built, Housing will -get. Some of the larger projects to Hes a Ard BO ie on people grabbing, had an unfore- rentals here under the defense & backlog of buyers for these HOME BUILDING—1951 totals for Indianapolis and Marion HEhtee As the Cniysier Fant and je sompleted Viger FHA Byuted Tr . e . : : > 4 : ses. . . . e inanc ‘e pf - 8 uring v include e rh pt so lively, he had Seen effect. They cost people jobs. housing program, rental dwelling pa 19538,.0me: buyer has got County illustrate the trend. There will be fewer home starts in; —" nl nA Tem Meadowbrook apartments $50 (beCoo Tf the wagervice mute Take Detroit, Mu fel 4 ls 08, opie, to, Tom ne “30 Pon "ne 1982, mor low priced homes, ls ly models '52 Volume wil a mon he Hse ou $32 i with a dash of controls. elped | > s ) Bit, ) ‘

( _/choosey about what: he buys, it : tal 4 q FrankzCantwell, director of the lion; the Sherwood; Frontenae a little, but not much, economic feet. They feel it at monthly rates, Proforty ini Ai AR LR be smaller and. the total value of residential building less, but Itai Homie Shar ioneland Shoreland Towers: ubatte wa» the supermarkets, in some of {ment firms reported. ing for,” Mr. Savage said. homes will probably cost relatively more. will show a trend toward better ments $5 million, and West Are WHAT really did the trick | the stores. There's Plenty ol Not many of the realtors and ie "un % | space planning in the homes and lington Homes $550,000. was the rise in production, = yelping. And the unemployed |pujlders quizzed in the Survey (ryal Guess, Edsel Realty Co ky ¢ vs Us again the Home Show wil fea. —— ; | as | ..and -other centers of attraction.property management. It is gef- again e e ow wi ea right in the face of a defense count is up ta 150,000, Quite A mentioned Korea. But Korea and _mne demand for homes in 52! walues will remain where they hs a) h nage! A hOw 2 a ture the very latest in designs. Wall Glamour program which many still be- | dent, and nearly all in automo- the possibility of open war with| will be just a strong as ever and gyre now, but rentals are loosening under present rent controls and The coming year should be an-| One successful, economical way

He or IC oUt thee 3s muek LO ol fois Russia will play a major role ihimany families, unable to scrape up—we’ve had more vacancies in is only foolish to have an ama- Other good period for home build- to give walls and ceilings pers hi ig the public| It the De ore Sawn Shiva) A ky ig UR down. payment inthe last two months than we've teur running an investment repre- °''s. manent protection and enduring arly in e year : 0s 20, (OEE 0 a . , 51, wW be able to handle it in : 5. p : 5 a n » » s got wise that the word “Short-\what about Anderson, Ind, where chairman of the Real Estates had in the past two years senting thousands of dollars decorative glamour is to cover

: The coming year will also be; Marion Graves, builder — The them with hard-surfaced paneling ’ y _ i | aw ) J age” was a phony. Then the peo- the headlamps are made. And jis Board s Downtown Committee. | Margaret Evans, Evans-Brom-| Howard Fieber. Fieber & Riley a good time to remodel -obsolete|trend will be toward the moderate in the colors of your choice, ple who had rushed into buy, Chevrolet truck body plant in In-| Aj] commercial building is un- ert Realtors—This has been one! : : for living units, despite high costs, and lower priced home-—$12,000|{This feature, coupled with sim- . rushed right out again. They had dianapolis? | der virtual ban and will keep the of my biggest years in real estate —1951 has been the best year for, "1. demand for the remodeled and less. The demand for hous-|plicity of installation, ease of .

a huddle with reason. . . Indianapolis skyline pretty much —just as big as 1946—and I ex- US since the war. The market . ing is st but build | I ’ J ; g § big as 1% an ex bid ag apartment is still strong, Mr./Ing 18 strong, bu ullders are cleaning, and freedom from.periToo long they had seen the Like Wooden Soldiers [the same, Mr. Lewis said. - ‘pect the same volume of activity SCems to have stabilized at about! added. handicapped by the quick changes odic redecoration, is why so many new cars replaced, new refriger-l THE DOWN SPIRAL, long] “That unmistakable barometer in '52 perhaps greater. (15 per cent under last summers S.. 5 » of financial policies of the gov-|architects and builders today ators brought in unending pro- overdue, is simply this. One man of downtown business activity:—| £0 u high. Warehouse Li Bat 3 Earl Teckeieyer, Schmid and ernmeént. |specify and standardize. on precession out of back rooms. They out of work puts other men out|traffic congestion—has increased ‘Robert Allison, Allison Realty Premium and wil Probably Be: smith Co.—1952 will be more of . ® 2 a |tinished wallpanels for attracdecided it' just wasn't true. ‘of work. And other men out of quring 1951 and is quite signifi-Co., Inc.—The older houses wii] Ome more valuable next year. (pe same—controls. Investors are] William Bridges, builder—Ma- tively and permanently surfacing ; » ] : ai th ¢ | Work put still other men out of cant of downtown department be especially active during 1952 8,8 2 tafraid to sink their money initerials are no problem for the walls and ceilings in homes, inWHAT, WAS ‘true was Al work, like wooden soldiers falling ¢tore sales,” Mr. Lewis said. because new construction is mov-. B. W. Duck Jr., vice president rental property because they can-/$25,000 home, but the large down stitutions, retail stores, commer-

they had plenty of wage money. ;; 4 row. Here's what some of the other ing farther and farther away of The Spann Co.—During 1852 not ‘be certain of what the gov-payment is a big hurdle for the|cial buildings, and even industrial

Prices were high, but credit was| pis thinking is not my own.| d id:'f hoppi : bols| th ill be a trend toward ernment's policy will be. Rentals/buyer. We're considering build-! good. And when wages are roll-|14 comes from much wiser men realty and building leaders said:'from s pRing centers, schools there wi a ernment’s policy w . yer. ering build ‘plants.

ing, that's when pepple use who get big money for keeping : credit. They Spent (hei inoneselineir fingers on the turns of the ° and put a lot on the cpff. tomorrows. 205 E i But they saved more, too. The| # 2 8 : v n ries increase wasn’t as big in Indiana, Moir ik ie makes business? where thrift is an inborn tradi-|It's the e woman you se tion, as it was in the East, the breezing through the electric eye n ome Chicago - Detroit - Cleveland belt, doors of the supermarket, shooing| and, of all places, California. two small fry belos per. 5 ° Savings ‘went up from 5 to 8 per It is the man who brings home . cent a a» {the pay check, and how he feels 4 ow Lr {about his job. With a single

Real Estate— i

Freeze Didn't Stop Builders

Steel, the Whip \word, spoken in enough places, Judges of the annual Home BY MID-YEAR sales contests =, “Ah put this country into a Show architectual design con- : were back in the picture strong = [test weeded out the finalists By DON TEVERBAUGH

with luxury prizes. Some were The wory is Yas . this week from some 200 substill trying to work the “shortage, e says it about a new : i talk” on as, but no one carpet or mattress, or set of [mitted scale drawing and Door was listening. | curtains, set of dishes or wel-. | Plans. But winners will not be ‘Steel cutbacks were the whip. | OMe mat for his own front |announced until Jan. 10. But even with. the cutbacks, door, he can make liars out of | In all, 205 plans were sub- » : ks, steel’s number one user, the

all of the optimists. He's done mitted by architects from all sec- - amto industry was puffing up the | 2 da

it before. [tions of the nation. : | “Picking the winner this year sles wm. And used cars gol | yyGURES ARE A BORE, and|wasn't easy,” said Edward Pierre, mighty |I think they tire you. But if you architectural advisor to the The reason was that nearly can take a couple, it will help. judges. “The entries were exeveryone had a postwar car. The From my respected sources I am’ cellent and there were more than

Times Real Estate Eoitor

PLOUGHING THROUGH one of the most confused years in home building and selling, real estate brokers and home builders have, nevertheless, experienced one of their

best years during 1951. ¥ Despite the deep freeze which hit the home market about June hy a second and sometimes third as the government slapped on worker in ‘the family, says Mr. stringent credit controls and high-| Green. er downpayment demands, many| The average account in federal realtors and builders had a record savings and loan banks is about

ear. . pr uch the case of. TeMlacement arket hat pretty told that the -disposable income, ever before.” ; y 2 8 a {$1300 De: as it is well sho nd car makers, with that’s your spending money, willl This year was the first time RE : are " cre tan non aa sara ow sho SE HIB. at homes a earn we em pees oe] ah Sars at Peed changed basic design. |for the country for the year. sored by the American Institute ff the 1950 by almost: 40 fore, Mr. Green says : . 2. 2 Right now it is running at $228 of Architects. ar at ty; But Nov: And of course this means more INSTEAD they gave their cars pillion, a little high. | As in previotis years, a local ember, the builders caught their potential home buyers for ‘52

new chrome trim, to give it model By April it should be up to | builder will be selected to build

identity. They had a name for|, 230 billion. Then it will be- |2 home from the prize winning it, the “rouge and lipstick treat-| ik to shrink right on down design in the Manufacturers

“second wind” and shattered an houses. all-time record with some 76,000) home starts in a November sprint. LOW Cost Home Year

” | Bldg. at the State Fair Grounds ; go th bli 1d they! Wnrough 1951, [re dicping at the annual Home " For an 11 homh peried, imey This will be a year of low cost ut the public could see they Show Apr. 16-27. ¥: t= (piled up 1,022,600 housing units,|p, me production, according to were about the same models as In Reverse ma ; which is only 180,000 off the rec-\pranik Cortright, vice president the year before. So owners.qidn I HAVEN'T FOUND anyone Five Times as Many ; ord pace of 1950. lof the National Association of rush in to swap each year. |who expects prosperity to fall off] Frank Cantwell, director of the I 3 AO - For the same period in 1951, [Home Builders. The exception was the auto-ithe cliff. They say it in a dif- show, announced that five times PICKING A WINNER—That's the job of these judges who must pick the best of more than |public housers erected 70,000 units) The majority of the expected

850,000 homes to be built in °’52 will gell between $7000 and $12.000 an be‘located in the 120 critical defense and military housing . areas (of which Indianapolis is one), Mr. Cort-

matic clutch on the lower pricediferent way. They tell me that as many applications from ar- . . ' . : —an increase of 143 per cent over cars. That made trade-ins. 11952 should be like 1951, in- re- chitects were received this year, Bet ome fers in She | 952 Home Show eonle, W on } 56 anetnced until Jan 10 Judge: 11950. P But trade-ins got tougher when!yerse. |as last year. . ; e o rig are Prot. James L. Lendrum, oma omes Council; Lioy oser, president o e In-

dealers found used cars merely | It will taper off at sbout the |, ~The trend to the future will diana Society of Architects; Donald Compton, past president of the Indianapolis ISA chapter; M. iin is ee inflationary? sat around and got older on their| peed it rose this |0¢ illustrated by the 1952 Home L. Hall, local builder, and Frank Cantwell, director of the Home Show. { T2%- Tes Junie JuOUSAE, Wale lots, And banks began to tighten] re ° 3g le |Show,” Mr. Cantwell said. “The ' 'has in only a few instances paid up on loans TM year. And, if you're a loME- |\o¢oci' ang finest in home dbsigns, == 7 |its own way, or tax-paying homes Pp N range an, 105% hou i ‘materials and finishings will be A built and paid for with private abou {e J9O0. | displayed.” 7 capital? : New Product Scramble 1949, remember that slide? | Comments from entries in the ALMOST OVERNIGHT tbe re-| There's one thing none of the annual competition of the Home frigerator business uncovered a prophets can put their finger on Show illustrated 'some of the as

THE PAST YEAR in real estate {was marked by tricky financiall

fright figure. It was higher than with any certainty, That is how newer trends which have swept - * lcurrents which saw the complete| § Hight Says. 1al realized. you are thinking, or will be into the housing field. ! * cancellation of the low cost home| a tion) Ninety-two per cent of the thinking by next June, and what Home design, according to the and its ultimate revival through| Mr. Cortright =... =" C0 feel people who could manage to buy You will do about it. {entries, is becoming more and Tf \manipulation of ‘down payment the sharp edge of the. material refrigerators, by this time had G d M Gi d {more a matter of making full { / demands, |control axe more than other conthem. oods, Wore Looas use of all floor space. Rising | Forced to build more expensive struction during the coming year.

They looked for new products, ONE THING is sure, The de-/costs have placed emphasis on improved the electric blanket, and|ferred buying of the war is over. the architect and what his ruler almost everything else, but not/It has taken six years, plus the and pencil can do in space planenough, |threat of another big war to do DINE. in appliances the life-saver |it. : Ranch Home Popular Ry te oo 2 SAVEE | The cutbacks were supposed | P : a, uryer, | Another factor which imIt had been long in coming; take up the slack in consumer g gi But Ameri pressed the architects has beea, but it began to make sense. No buying. But American production going out into the yard in Genius outran the cutbacks by far. the wide acceptance of the ranch

{homes by extremely high down, [payment _ demands on low cost volume will be that in man {hQuses, builders hit an all timelgnd atomic energy fields. Next (peak in construction dollar vol-'will be private industry, which {ume with $37 billion, topping the ig gti) mushrooming under a | previous highs of 1950. program of fast tax write-offs, | Locally, volume was down, but| One of the biggest headaches [total cost up as the majority of will be construction of educa-

i {'51 homes were built outside of tional buildings during ’52 The windy weather, or rushing out G0OUS kept coming. =~ home S34 lhe ironing ‘accep! city limits. The home huilding first wave of the baby boom hit in rainy weather to bring in the ptiate of & saeier | Other factors: and trends. de- {pace in Marion County during '51/in '51., There's several more

wash. | It is based on three basic de- veloping in housing according to

Dryers paid no attention to |..qs They are construction these architects are the greater the sky or the thermometer. |aterials, capital goods such as use of solar heating and lightPeople bought them, plenty, hjant equipment, machinery,|ing cement slab floors, prefab-

‘was 2068, only 18 starts off the bumper crops ahead for Indian"50 volume. apolis’ bulging schools, . But inside city limits, starts fell from 1930 during '50 to 1109 Defense Home

and still are buying. trucks, railroad cars, and con-| ricated materials and fixtures, 5 y "' 159 P | Any doubt that the nation’s ‘ . y {sumer durables, the things which modular design, flexibility of os . Bright rospects ih They Going Naked? llast for’ sometime, . washers,/heating plants, basementless . # Gl ‘ eh Bn 9 prospects f pe js rere intersted NG D little hetter|radios, TV sets, and cars. homes, informality in home de- 4 a | : | or realtors and re 0 Oe Ip the hard yy h sign, larger lots, country style 1951 PRIZE WINNER—This Meridian Hills home at 155 W, 73d $¢., built by Ben Olson Jr, was [home builders in the coming year OAtY unintoried Sites bleat— goods got the play, but enough orth It? living, site and climate planning the prize winner at the last Home Show. It is now up for: sale—price $35,000. » |appear bright. completely obliterated this better BUT ONE FED-UP industrial-land the search for economy of|™ ~~ . ye : f Mortgage money Seems headed | Mook 3 the bi] ders sublerived fo : |ist put it, “If it bri 1 | construction, HR, or a looser market. aders in| n n some And right now the new orders \ political Ain Be toe ruven ‘ Outlook for 1952— banking fields promise more VA, 120 critical areas. Only 62,000

on factory books are a little dis-

\will be worth it.” | . Gilg Janguase. [THE meet all right. But he Vets Good Risks Trend oo Suburbs Forecast

! + badly prejudiced. - inell’s the matter with ‘people, ("25 Veteran home buyers have com-| ® x they going naked?” "| He had just talked with hispjled a phenomenal repayment, [§ New Builders Moad There are bankers who will fenjaceountant, abou his 195) taxes record according to the National ! you that this country cannot pro-| 8 doctor abo 8 Association of Home Builders, de- : ; duee all it can make, without a Pressure. faulting only on 1% of 1 per cent| John Bauer, president of the ABC Construction Co., § defense program. Their question, Hear Harold Hartley with (over home loans granted, a record this week was voted president of the Marion County

“What will happen if Korea really) “The Human Side of Business” |individual home buyers as a 8ToUpP Residential Builders by the group's board of directors.

heald?”" | on WISH at 8 p.m. today, cannot match, : re : . rtm - Other officers for 1952 include: Robert Wirsching, \vice presidegt; Robert Dillehay,

"secretary, and Riley McGraw, mand for housing is the lowest it + {treasurer, will be for the next two or three * Elected as national directors years—many industries are com(were Albert E. Thompson, John ing here and others already here § Bauer, Marion Graves, with the gre expanding,” Mr. Bauer point(following alternates; Warren At-ledq out. j |kinson, Tom Grinsdale and Rob-| “Prospects for '52 feature

ert Wirsching. slightly higher housing costs, “Home builders are heading to- | sudden material scarcities which ward a year of scarcities and p,ay surprise builders, building problems,” ‘warned Mr. Bauer. |yglumé of about the same as dur“But the builders’ biggest prob-|ing '51, and waiting lists of home {lem will be to find suitable land puyers,” he forecast. -

FHA and cbnventional mortgage units were asked for by the gov-

funds in '52. jernment,

And people are saving money | Here, there were applications

| |at the greatest rate in the na-/for 2100 units, although only 1000 * [tion's history. (will be built.

The question all builders and|

Ai Of that 1000 units, 417 were realtors ask is: “Who is banking! all this money?” v |allocated to builder Leo Lippman,

yr ia (who has built such projects a8 AND FOR the answer, we Windsor Village, Barrington turned to Fred Green, president Heights, and West Arlington |of the Federal Home Loan Bank. Homes. His firm, L & L Construc- | The boy with the money in the tion errected more than $5.5 mil- _ (bank is the little guy. The manilion Worth of housing here during who works in the factory. Family 1851—all rentals, fncome is up as the usual bread-/ - winner's efforts are being boosted Party Time

| Home . Builders ALBERT 1112 Mortgages thom payed host aga shis x iIn November Athenaeum. Tt ‘was the annua) John Bauer , « » builders’ 52 |, The November crop’ of Marion, ult, JUV 00 &7, WEL, president. worth’ $7,689,215, as compared to guests were on hand to enjoy the fon which to build. There are few Starting in the building Indus-| ject at 16th St. and rier October's yield of 1202 worth entertainment and door prizes,

[low cost sites available with sewer try as a carpenter in 1923, Mr.| $7,328,564, the Union Title Co. re- - The T. A, MoyNAHAN co,

land other facilities,” the . new Bauer formed his present fir in|AVes Hawthorn Manor, ABC ported this week. one of the city's top property

| puyers a special war- ~ These firms were the top Management firms, footed the president said. 1942, only to have it interrupted gives home 8 Sewers Boost Price lalmost immediately by the war. ranty for their new house. mortgage makers: costs of their annual Christmas

He served for about 25 years®as| «ua Again in the first spot, Rail- Party for their tenants at the Because of this, he reasoned, 5 ¢jyilian flight Instructor for the! Marion County home. builders roadmen’s with 158, FletchertAve, Commodore Apartments, 3015 N,

most building in 1952 will be in Army Air Corps. have done a good job at housing g,yings & Loan 70, Union Federal Meridian St. That's about 100 suburban and fringe city, areas,/

v

. Hoosiers and I feel certain they 64, Indiana National 59, Arsenal People. . Eo but costs of extended sewerage Lbw Cost Specialist . |e) po able to handle all the de- Building & Loan 55, First Federal| The tenants do all the work a " ! lines will be reflected in the price] Since the war, ABC has erected fense housing needed,” Mr. Bauer 47, Indiana Trust 37, Colonial|they love the party—for on thing, of this’ sf nd (" L home buyers face. 57 some 400 homes in three subdi-|said. However, he doubts ‘that Savings & Loan 34, Prudential 32,|it gives them all a chance to get is stone and frame ranch “Builders will be able to sell| visions here. The firm special-|the demand for such housing is Fletcher Trust 24, Shelby St. acquainted. You know how it is fn ad for Samuel R. Nahem. |just about everything they bull izes in low-cost houses. not as desperate as the sovg: Federal 23 and Atkins Saving & an agfftment building—there's no : n : chat over, .

basement, during 1952, Right new the Now ‘completing a 300-home ment estimates—at least Loan 20.

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