Rensselaer Semi-Weekly Republican, Volume 38, Number 13, Rensselaer, Jasper County, 22 September 1905 — HOMES FOR 45,000 PERSONS. [ARTICLE]

HOMES FOR 45,000 PERSONS.

Over 4,000 Buildings in Process of Con* struction in New xork. Greater New York is now enjoying its greatest building boom. It is estimated that 4,204 buildings are under way at a cost of $94,453,715. Most of these structures are apartment houses and they will provide homes for 45,000 persons. The great work accomplished by the army of builders from Jan. 1 to the present time, representing, as it does, the practical output of new homes for the jear, must therefore take care of the natural increase in the city’s population. This increase lias been figured conservatively at 130.000 persons. In order to keep pace with this enormous growth in the population it will be seen that even though building records have gone to smash, the supply of homes can by no means be in excess of the demand when the general moving day of the year arrives, some six months hence. With the constant march of the city’s vast army of commercial enterprises northward in Manhattan it will be apparent that the supply of new homes must take care not only of the normal increase in population, but of probably an equal or greater number of persons who were forced by this commercial movement to the north to seek homes farther away from the great business centers. This constant crowding out of the dwellers in the lower part of Manhattan is growing more and more aggressive. Each year sees the army of those dispossessed by the encroachment of business enterprises growing in number.