Indianapolis Times, Indianapolis, Marion County, 27 January 1952 — Page 35

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RAS SUNDAY, JANUARY 27, 1952 SA a a a

rth,

“ . S. Builders’ Faces Lose Their Frowns

| CRY And Materials Seem

Less Perilous at Meet [Rg rewovasress. MARION COUNT

| By DON TEVERBAUGH By Times Real Estate Editor . A surprising optimism swept the nation’s home build-

‘ers this week in their annual Chicago convention—the big- x 2 RESI DENT

gest and best yet. ; Loa BU i in "E A year ago. the builders were gloomy-—-afraid of ma- 5 ; / i ae

terials and credit restrictions —|—— land government planners were qown payments on houses selling Bers Kei |optimistiec. They said at least for $12,700 -and less. Raymond 3 i 850,000 homes would be built dur- Foley, housing assistant- to Mo-

ling 1950. The builders shook bpilization Director Wilson, | their heads, but over a million sounded the warning. homes went up, . ¥ If too many homes are started Now it is the same old shoes in the first quarter--enough to ? i ; on different feet. The builders indicate that the year’s produc- Se are confident of their capabilities. tion would top the 800,000 goal BUILDER HONORED—Honored for his outstanding service as | The federal planners are glum. Regulation X will again be fitted a national director and member of the president's advisory com-

| The boys who spool the red tape to the housing market, "Mr. Foley pniptee, local builder Albert E. Thompson (right) shows builder Clar.

are worried. They're certain the said. s ence Wacker the plaque awarded him by the National Association builders will erect either more (ne builder,slistening to Fole¥, of Home Builders {homes than the federal +econo- muttered to a friend, “That's ex iy

{mists feel they should or not actly what will happen. All the which today is the widely ac- would “watch to see that publie

enough. They'd like to dampen pyjjders will get as many homes cepted ranch homé.” he said. housing reduced. use of critical is | the builders’ enthusiasm a jittle. |gstarted as soon as possible to ; materials, as well. BIT OF ENGLAND—An English country home in heart of Brendonwood. | And they may, by upping peat the possibility of higher The Lost Generation “We feel if home building is 9 y Pe pletel alized in th | iz down payment demands. . . 1... ever completely socialized in is ‘ . oe s { . Builders are worried about what atin ie “ { . . | English Mission — It's just human nature, he said, the call “The Lost Generation,” Ration, the nation 1s doomed,” the 8 of | Ne Tim} v airy 8 AS > new president said. : and he's right. And Mr. Folev {he time lost between the intro- : i on : ew ome Knows it. duction of a new practical design He warned that 75 per cent of IH . : ; . : aos oa hel ve Pes all residential building in New But the convention was a tre- and its public acceptance. ats Nites Le Th ¥ M od | mendous pool of information f “The homes we build today take York City was public housing { § ( ( or e 0 hb Ss 3 i : | a % a £ | the Forse Ndildars te . - ee i . : _ during 1951 and it is expected 90 no | { s. . This great:20 years to pay for, but if de o She oR industry, bursting it's. juvenile signed properly, they should be pen gent of that, eity 8 housing Ad ! au ra ,, starts during 1952 would be pub- ® ® 0 00 | shirt at the shoulders, took on a in style for the next 80 years” .. housing $9 S opping Dips { . E newfound manhood. Along with said builder John Highland, Buf- He chic d private investors : 1 > e "lV Jes bens | Pushing u ut o 0 | ft came a. growing awareness of|falo. - ; . a $17 g Bo faw oded | E responsibility to. the nation's| Another panelist, Morgan Yost, who were snapping up the hun. ver * 'Brendonwood knoll, just as| & families. architect, reminded: ‘Your name dren o millions of dollars worth $28 Lai to Taxes | English asa country squire—| D . f 159 is written on every Rouse you iit Xs Bu) vs . . ' age G se $37 or the Ann Hathaway Cottage e3Ign or : a 8€ road ta socialism. 41 a |-—is the new, gabled, sandstone ‘We'd like to help the builders) po 10 “today know very little "Ca 8 oo BS By Harold Hartley |home of builder J. A. McDaniel. get the home out of the horse and |, OR» (O0Y “C0 t~Y Oy Mortgage Iron Curtain $31 Je . . | It looks as though it had been buggy era” architect Herman|, ow nat they can have,” Mr.| Biggest flop of the convention $48 THE MAN WHO HAS A JOB isn't worried, but he’s thers for a hundred years—and| York, New York, told the bull-\y 0" iq was the mortgage commentary. a being careful |that’s exactly what the bullder| ders. Another builder panelist de- The money’ lenders attending as .. $66 ng : : ar {was aiming at. | Exaggeration was the keynote cjared the biggest ‘luxury in a'guest speakers weren't talking— Employment figures are not sick, but they have had - Sandstone. Walls of sound merchandising he saidipouse is space.and the cheapest at least they weren't answering .. $46 a touch of faintness. And buying is pulling up the hill of| Built in English Mission style SHU Jol tha De Brellitect ould to build. Suéstions tiey shoud, have an- .“ larchitecture, the home was de- <7 a oe Ba . ’ as 5 $26 uncertainty. in vie Well wall |signed and. built by Mr. McDaniel. To f{llustrate his point of ex- Operation Trade Secret Aan they said was that interest ‘ It showed up in e Federal get a tinge of yellow light In|, walls are of multi-colored aggeration he said, “The stork «There's no such thing as in- rates on FHA and VA loans were

Reserve Board's report on Indian- pyblic march to the markets. Indi ! i ana sand apolis department store sales. wil it turn back to green, Or lis of old ne a He They dropped 7 per cent in 2s it ready to blink red? shingles "x weel, and stood a full 14 per cent) T71t still holds. War buying is . ” , 0 ry under the twin week last year. |out of breath. Shortages over. or yault Ale Bodie Jing

A TOP EXECUTIVE was| And buyers everywhere are ;.,ms and trusses is a complete

who brought Dagmar knew his . " ) too low, which is what they've ; efficiency of labor,” one panelist y Bebchshdising. ert editor of a told the bulders (he was a build- Peen ehanling ince last May. nol er exp i ler also), “just the inefficiency ofl Sen. 0 an par Jen Ala.) arge home magazine, management.” § e as certain Congress builders housing ideas, like all would not raise the rates, but : the | t th Albert Balch,. Seattle builder, Re Jesse Wolcott ( : ideas, come from the top, no el warned against building too p. Jesse olco R. Mich.)

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Py asked, “What's wrong?” He said, Sierping ak Lb thea closer | wing built at a 5 degree angle ) bottom. In the. average man 2PY Domes. “They don’t meet "0 in favor of upping tem. “J Wish 1 knew? h ! EE Jo ne house proper and is 30 CITED—For * high readership and illustrations in The Times lis isi A the needs of growing Yamilles,”) ot TTIAn Sk, YE Treat > > v ng. . . . “ 8 5 se 4 ‘ s : A aret Orders Shy? re walls of the room are, Parade of Homes special section, Times Real Estate Editor Don have many ideas. It takes genius aul h commented the loan League, said it was a CR RY j THE TELL-TALE figures were exposed and the fourth is of| 1everbaugh (left) accepts an award from W. P. Atkinson, retiring (5 discover the ohvious. American people were spending healthy condition for builders to — Some came in and bought. Took [the estimates of employers for| matching sandstone with an old| president of the National Association of Home Builders, at a special “Frank Lloyd Wright 40 years jos of the family income for have fewer mortgages underwrit- : the gods home, brought it back, future employment. When they fashioned keystone archway open-| press banquet during the builders’ convention at Chicago. age built his ‘Prairie House” | hater today than at any time. 'en by the government. Few then showed up a few days later have the orders in sight they ing into the main entry hall, sa {The builders were being “outsold” builders seemed to agree. ———— and bought it again. raise their employment guess for Paneled Dining Room % by the auto dealers, who were| It means higher interest rates t again ltwo to three months ahead. EN ul loffering everything except “run- for home buyers and buyers right WHERE WAS the job line thin-| But they're guesses wer Jai Wire gins, Toll Nc {ning hot and cold water” in the NOW are cost-conscious, ning out? In foundries, for one ng SCT: of fo (ABEL Above this the wall is papered in| HOW Sule modsls, ine Builder Education piace, At mo SuDHlists Weren ders y an, original New Orleans street lof ang ote Sarelu) Danang M down, bu ey § . ; 'scene motif. French doors open y i id. Y ost potent sales medium in all . cis. ty- . 4 i i paper box industry among those ie of Ini cotnery reported Patio. Furnishings are of antique I $ je o" ouspt Stal OSINg panel of experts, was newspaper ces who sold to the motor makers. | French in fruitwood. oney until construction starts.” advertising. The biggest hurdle

little towns were getting orders reduced, and 24 per cent, | : a ii Reports Re En the largest since August, showed Upstairs are es bedrooms, a spots” in Shelbyville, And other production tapering off. guest room ang 31% Dans. The

There is a big attractive mar- ror home sellers in '51 was the

ket in construction of low rent high down housing, another panelist said. oo xX. payment ot Regia

{He predicted a big upsurge of rs : os |apartment buildings in the fu- Full participation in National

ted In that little indus-| 8 8 {master bedroom has large double reports drifted in | BUT THIS isn’t the year for door, walk-in closet and antique

| ¥ tries in Marion, Latayerie Reanik- prosperity to strip its gears. And leaded diamond light windows, in i ; [ture Home Week activities, the panel fort, and Indianapolis bil ‘ time best sources expect two things. |keeping with the English archi-| | | : |praised, pointing out the camning out the cards in their First, letting out rope of ma- tecture. Adjoining is a private ‘Stellar Sellers |paign helps sell home ownership rack, ay terials for civilian production bath. be Peon} fod ich j 5 Ito the.entire family. . _|with a possible lowering of credit| All bathrooms are automatical-| { = {| “People can afford .to buy bet-| F. I. Carmichael, director of THE TROUBLE ad Hii de standards. ly ventilated. Fans go into opera- : {ter housing than the industry is|Business and Social Research at fense’ Worl Wash or $38 | And second, a big shot in the tion when the door is closed. now producing,” Mr. Balch told Denver University, told builders er wai 20 far as they arm for defense production. Servant quarters are located {the builders. the U. 8. population had increased

® a =» out over the attached garage. have been concerned. And they) VOTERS have to be happy| rhe story of Mr. nage is

were concerned, You could see it come the first Tuesday after the jot ag intriguing as his Brendonin their faces. first Monday in November. wood home The spill-over in labor supply| If they aren't, the Democrats A youngish 37. Mr. McDaniel which demoted Indianapolis from won't be either. | 6nds that visitors to his office|.al a Group I to a Group II labor area .

| | : ” came in common labor and wom- Wheel Chair Saga | frequently ask for. 'Mis father

iwhen calling on business. They | en factory workers, One employ-| ., Lh yi 4 ent man said he could get all I TALKED with a woman para- expect a much older man after

| t the factory women he wanted. lyzed seven years. She wants to telephone conversations.

buy a wheel chair. Original Stake $1000 | It the virus of fear was filter- Tiga © i ing through the ranks of wage The one she wants costs $700.) starting with $1000 he re-| fo

' sarners to the point where they

“Today builders must offer new 14.5 per cent between 1940 and products people really want and(1950 and newly created family

{the best way to get these in a households are bein { prison s g increased at [hoje is through architecture,” he an annual ¥ate of 750.000.

The Pickle Packers Materials Supply

a A special panel discusséd availThere are too many pickle-| packers building houses, charged 201tY hid Sanding Haterials and ; {Alan Brockbank, Salt Lake City, Items ol eran a: . [new president of the National yp." po. 00 Bo copper, other |Association of Home Builders. ass Narcware, will be

| short all year. runs with batteries, has right ceived when he sold” his car dur-| d | To protect the buying public, “go rity of materials will be 8 Eg sh, What was OF left hand controls, and three|ing the last war, Mr. McDaniel ithe NAHB will ask their mem- : BSW .

big batteries with a home hag parlayed his original stake SPECIAL TRAIN—Aboard a special train, convention-bound, left to right, builder-supplier Louie lpership to establish’ a standard] °™R® well enough known to the

were ai charger, and pump-up tires. into property worth more than Moller, John O'Donnell, Electric Appliances, Inc.; Ed Hohlt, builder, and Realtor Hay night shoot |six month warranty for the pubnie by The Latier. part o '52 ONE MERCHANT guessed pER HUSBAND wants her to million dollars. - the preconvention breeze. More than 100 Indianapolis builders and suppliers attended Chicago confab. homes they build and sell, Ling of homes, the ahi seate uywr, ann en glo TS ho, TL Tar ey re van te BBC or nae song eg Corns ws En Wk SBS 1 rel en pols be bl Home Show Estonian Girl Take Office Mhmettasmian rine TUTE it is auto license time. This alone Before she buys. A $700 Inistake of making propeller crates for PI E hibit d ‘Wi A ‘ d Next Saturda Brockpank emphasized. Ee remain scarce cutil yA Re drains $24 million, mostly from ona pee blow. Curtiss-Wright during the war. ans egxnipire Ins Awar y A 2s ted by the boom market var ang larger supplies of alum. wage earners, in Indiana. It is called.the Autoette Cruise. Because of the housing short- New officers of the Indianapolis for houses, he pointed out, allij, pn," expected this year, may

Gross income tax for 1951 had About. made in California. And age he decided to build his own! The newest ideas in home de- In Essay Contest Real Estate Board will be in- types of oppor gnists have jumped not come until 1953. taken $89,514,797, but that Was a, ene wants is to find someone NO™e 2nd did, at 248 Villa Ave. sign will be on view at the Con- ‘ stalled Saturday night at the an- nie me iaing industry 0 Most other building materials 3 y ' ’ i 5 S 3 i +1 . “make st wey ‘as a i" ly a small part of the $267,500, wna has one and will toll her the |, Quick to sense the urgent need yi ction League, 1456 N. Dela. Helle Ajango, winner of theinual banquet in the Athletic Club FU Fe LTA UFKL CAG IL flare in good sipply -which will 000 gleaned from all tax SOUTCeS iw th about it, if it really does all or or con homes here, Mr. Mc-| “ot from 2.10 9 p,m. today Annual Indianapolis Real Estate ballroom. met § "S mean a stabilization of prices d bi chunk | ’ A ! Daniel built about 160 homes in ware St, p. . v a i A : The banquet starts at 6:30 p.m. erected most complaint trouble and perhap y . { . by the state. And a big it 1s supposed to 99 / ; Board essay contest, this week A : : 4 p ps even a slight drop as ($272 million) of this is paid by Ys» the. $9000 price class, Then he as 223 modern and futuristic home ~ rarded third prize In the and will be followed by installa- COMES. construction falls off. the distilling industry which cen- I UNDERSTAND what this entered the field of moderate plans are exhibited. was awarded third prize In Ne, ceremonies and dancing. No. 1 Job ters in Lawrenceburg where three means to her. 1 think you do too. ¢08t rental properties and built] mpg plans are those submitted National contest sponsored by, New officers to be installed in- Copper Stopper

” - . | . . he ‘ Defense and military housing distilleries operate. So if you know anyone who has the 108-unit Lynncourt apart for the 1952 Architectural Com. the realtors. clude James Hurt, president; Rob- ( g

| 8 . Sw /All be the home builders’ first An official of the Anaconda A one, let me know, 7 ments, | g 1 Technical ert alker, vice president; Walt w - . ; < ' : | $421.76 a Head | And that will be our joint good This year he will build another petition of thé Indianapolis Home A student at Agena e ny secretary and Charles and ma jor job in 1952, he said. Copper Co. explained America : 168 units at this development at Sh d th High School, Helle came to In- po Shira We're really going to hit it. could get more copper if Uncle BITE was, of course, deed for the day. | }50W, aa ® most successful , rewer, treasurer. ; We receive reports every three Sam would take his finger off THE “BIG ’ dianapolis only two years ago, (Chairman of the affair is Fred : his Anger off the

| Dawson and Kelly Sts, six dou- ’ yet conducted, according to Frank 7 i a ; ’ federal tases, Rey Ha ck. iPhony Pens i at 21st St. and Wintield Ave. co (SON EONCRC TREO FIAT rom Estonia and her experience Hill and installation officer ta re- BRC (00 TC LTO 1, 04g i Te n Nov ’ : ot ‘and 178 rental units at 14th St.|™~ ’ . , “ ” Jos gus : kant f ? } sends Many will have to sweeten pay] THE ITALIANS and Japs are|and Arlington Ave. Of these, 120| . Inchided among the plans ex- with the “Iron Curtain” lent real Hiring president, Joseph Argus, progress of defense and military 80 per cent of that nation’s ex-

deductions in March. And it took counterfeiting Parker fountain|yiil be garden-type defense hous-| hibited are those of the winner, punch to her -essay on “What housing there,” Mr. Brockbank port copper to the U. 8. We a while for the full impact of the pens. ling body . Tre ewan Mathre, and third prize the Bill of Rights Means to Me.” New Edsel Office added. could have it all, this copper dealpay squeeze to sink in. They are sold abroad, and have| “rhe big idea is to try, don't pe winner, John Jelliffe, Indianap- Third prize was a $25 Savings 8. I.. Stone, president of Edsel; His second platform plank is toler says, if America importers The total taxes paid by Hoo- a Parkerish look with a deep cutiafraid to try,” Mr. McDaniel olis architect, ’ Bond Tn " Realty Co., announced the open- urge builders to use less scarce Were not forced to hold their top siers is $1,660,200,000, or aboutin price. Tourists, mistaking smiled. “I believe there is a great | . is : .ing of a branch office at 527 N./materials and build more low bid at 27 cents per pound. Eu$421.96 a head. In families of them for the genuine, grab them future for low cost rental prop-| Watch for Ed Sovola's ¢ First prize was awarded to Delaware. Manager of the branch cost housing to meet the nation’s ropean buyers are bidding as high five, that's big dough. Enough yp. (erty. Allyou need fs the Ep - Me u Sovola’s com- [Jerry Lynn Rainwater, Spring- will be John Marner, and Orville biggest housing need. \at 40 and 50 cents per pound to make a buyer count his dollars| "1p Italy they are made in of your own convictions.” & i els - the new home plans field, Mo., and second prize was Guess will be general sales man- Mr. Brockbank blasted public and probably with American capitwice. Genoa, Naples, Milan and Rome. —— : | In The Times, Wednesday. John Watts of Elmira, N, Y. ~ Imanager. |housers and promised the NAHB tal, he said. The little jolt which got the 2 a = - Simi a = — re tere ——— rh most lip service was the court de-) THE BIG BLOW to the Ameri-| i Dp ag ; Sa 4 a ' cision which hit the nickel tele-/can pen business came in the i4 ' phone call. “Think of it, a dime pilgrimage of the 1950 Holy Year . : golf Li an 3 ) - just . for calling someone up,” when tourists came across all ; - x % 3 : ; 2 . ; That's how they put it. |sorts-of imitated American prod- 7 Vl . : . 4

nn ucts in well-known cigarette] a 2 AND THE DIME pay call sta. lighters, watches and small ap-| keep many away from a pay sta- pliances. . rd tion, but not for long. Experi-|". 1, japan the source is still - ence in other cities have found | ooyered. But the Parker Co. has many a phone user when faced iaien its headache to the State : : with. putting 8 dime in the slot, pena rtment which will, in turn, | has gone down the street to the |x the Italian state department i office of a friend for a freé phone. 14 he occupation forces in| "But this wears off. ‘And within yanan to stop the phony many-} LE - about ‘six months,” the coin boxes ¢, 4 ie ° WO will be pulling an extra $400,000 3 : = ; : |

or so from the pockets of Phone) I'D BET ult leave We an

‘booth users, _. : [andle it in Japan. But in Italy, : “op Twi in bucks do the barking. And sucker Tinge of Yellow

. i J tourist bucks bark loudest.- , ATAU OF hots Ings UB reas: Farol Tiattoy with | 1 GREENWOOD Located at W. Orcherd, Lane, Grasrioud, this new shone ranch vai sold to - BRICK RANCHO This sHractive iverosm brick senseririnch home ab 2924: Kem - x -. up “The ness” | Po solo tn : : one: ore ' fone rancho was sold to ~~ NCHO-~This ‘attractive five-room brick veneer ranch home at 2924 E. Kessler Blvd, ~~} 7, dob siow-ups, prices still hanging| “The Human Side of ess” | Paul Smith, salesman for Van Camp Hardware Co. The Jack®C. Carr agency handled the sale for = was sold recently for Mrs. Sophie Bissell in a co-operative ; 3s ik on the Born of the moon, and youl an WISH-ak 3 3: . & y. | bdr Foret Fou, TR ¥ © + and Jane Steadman of American Estates. Tha voy cwnor final, by Jumeph Xin Srigyle 2 Asan x