Real estate outlook praised by bank official after 45,000 mile tour
A bank survey of 18 West Coast cities shows September residential building up 55 percent from a year ago. Prices for building materials remain near 88 percent of 1926 levels while mortgage rates stay at record lows. Real estate earnings hold, foreclosures fall, and farm prices rise, signaling broader ownership growth despite tax reform debates. A Pacific submarine canyon near Monterey is also reported by Scripps scientists.
MENTIONED IN THIS ARTICLE
West Coast
Catharine
Low Price Homes Drive FHA Mortgage Insurance Demand
Analysis by FHA Acting Administrator Stewart McDonald shows 64 percent of new single family mortgages insured during April to June were for homes valued at 6 000 or less, with 96 percent under 10 000. The 90 percent insurance cap and 10 percent down payment on 6 000 homes boosted lower priced construction and financing terms nationwide.
MENTIONED IN THIS ARTICLE
FHA
Stewart McDonald
Congress
Smaller Texas cities boost building with new permits
Fifteen Texas cities received permits totaling about 1.26 million dollars this week. Austin led with 321 166 in permits and Palestine reached 137 988 including a 108 000 gymnasium project. Other top holders included Houston 338 625 this week and 23 715 915 for the year.
MENTIONED IN THIS ARTICLE
Texas
Austin
Palestine
Houston
Port Arthur
Corsicama
Wir
Fort Worth
Corpus Christi
Mgee Baad Lee
San Antonio
Amarillo
Wichita Palls
Big Spring
Abilene
Galveston
Castro County Courthouse Contract Awarded
Castro County awards the courthouse contract to W. W. Bill of Borger pending Public Works Administration approval. The lowest bid from Mr. Hill totaled 99700 dollars for the project. Architects are Townes and Funk of Amarillo.
MENTIONED IN THIS ARTICLE
Dimmitt
Castro County
W. W. Bill
Borger
Public Works Administration
Hill
Townes and Funk
Amarillo
Canadian Contract Awarded To Local Firm Ramey Brothers
Ramey Brothers Amarillo building contractors were awarded the foundation contract for the new high school at Canadian. The concrete foundation contract totals about $15,000 with the general building contract to be let later. Work is already underway on the foundation.
MENTIONED IN THIS ARTICLE
Ramey Brothers
Amarillo Building Boom Continues Into November
Amarillo reports rapid home construction with about 200 houses started or under way this year and 33 begun in November. November building costs reached 373 255 dollars, exceeding total 1935 by 26 000, with permits totaling around 2 200 000 and likely 2 500 000 by year end.
Real Estate Market Shows Pick-Up Across Nation
The National Association of Real Estate Boards reports a broad uptrend in the sector. Residential occupancy is rising as families move toward larger housing due to income prospects, with mortgage financing up for the seventh straight month. Sales have advanced for seven months, though still below 1926 levels, and new residential building is over 40 percent above last year in August.
MENTIONED IN THIS ARTICLE
Milwaukee
National Association of Real Estate Boards
Joseph W. Catharine
Brooklyn
Association
Catharine
Permits Issued for Local Buildings and Additions
The city issued permits for a mercantile foundation at 508 Bowie Street with an estimated cost of 75 dollars. R. H. Capell received a permit to erect a five room frame house and garage at 911 Virginia Street valued at 3500 dollars. J. D. Anderson was authorized to build a partition in the mercantile building at 112 West Fifth Avenue for 60 dollars.
MENTIONED IN THIS ARTICLE
Mit
Bowie Street
R. H. Capell
Virginia Street
J. D. Anderson
West Fifth Avenue
Also Mentioned on This Page
Marine
Grand Canyon
LA Jolla
Calif
Colorado
Pacific
Monterey
Scripps Institution of Oceanography
Castro
28Th Avenue
Ong Street
Macon Carder
T. H. Campbell
Happy
el Rancho
South Fillmore
Jesse Fletcher
Amarillo Independent School District
Tyler Street
J. E. Blankenship
Polk Street
J. E. Rowland
West Sixteenth Avenue
O. J. Johnson
North West Eighteenth Avenue
F. L. Shaw
Jackson Street
Amarillo Armature Shop
Bowie
H. C. Badger
Grant Street
L. E. Pierce
Houston Street
O. L. Pitt
Taylor Street
Carl Larsen
Bryan Street
Erma Williams
Southern States Loan CO
Lamar
E. S. Burgess
5Th and
Tyler St
Gasbreath
Fox Paint & Wallpaper Co
A Polk
J. B. Coe Lumber CO
Lincoln
Carey
Brazelton
Superior
Superior Water
F.H.A. Finance Plan
N. E
P. O. Box
F.H.A
Reppert Lumber Co
W. 6Th
Long-Bell Lumber Co
Lowell Munday, Mar
John Maynard Lmbr. Co
Star Lumber Co
Jackson
John Farrell Lumber Co
N. Fillmore
Amarillo Lumber and Supply Co
Washington
Brazelton Lumber Co
E. S. Burgess Lumber Co
Tyler
J.C. Wooldridge Lmb
The
First National Bank
Amarillo National Bank
American National Bank
E. A. Regal Co
J. E. Foster & Son, Inc
A. L. Biggs
Mgr
Oliver Eakle Ridg
R. J. Peek & Co
Oliver Eakle
Southwestern Public Service Co
Amarillo Gas Company
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