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Newspaper
Athens Messenger
Location
Athens, Ohio, United States of America
Date
Feb 28, 1934
Page
11
Construction on Route 31 near Gloucester McCony Bridge and new pre fabricated structures advances. Crews from the county highway department, including John Dow, report progress despite weather delays. May 1 completion targeted for several segments with 684 bridges cited in notices.
A local realtor group restricts home listings amid new housing program. Officials cite market stability as a key goal while buyers and sellers seek clarity on eligibility and process timelines.
Hundreds of homes in the Athens district require modernization while hundreds of men formerly employed in building trades are out of work. The article notes widespread joblessness tied to stalled construction and aging housing stock.
Chicago report cites B G Dahlberg of Celotex on an estimated 48 billion dollars needed for new housing to sustain permanent recovery across industries. He notes the money may not all be spent but a sizable portion will soon boost construction and reduce unemployment.
Washington officials unveil a multi hundred million dollar stimulus plan led by John H Fahey to expand credit at financing institutions, develop federal savings and loan associations for towns lacking funds, and authorize refinancing financing for home improvements through HOLC.
The American Builder urges long term mortgage loans to finance private new home construction and repairs as permanent recovery. A national survey shows thousands of potential builders with cash but no long term mortgage funds. A plan for 800000 new homes yearly is proposed to boost housing and absorb CWA workers.
Local contractors say the modest improvement in construction is largely due to CWA relief and related programs in Athens County. They note higher material costs but below normal prices, with few new projects and wages tied to local standards. Builders Dennis Beckley and Arthur Boyles predict limited activity now but improved conditions before 1935, including a new Northeast Athens site.
Plumbers in Athens say the biggest business hurdle is collecting bills. They note stocks bought at high prices are worth only a fraction of cost. New metal accessories are expected this spring though no displays have arrived yet.
Covington based Stewart Iron Works Company has secured a contract valued at about 250000 dollars for tool resisting steel. The steel will be used in the reconstruction of the new Federal prison on Alcatraz Island in San Francisco Bay.
The Department of Labor reports a 13.6 percent gain in building permits in 764 cities with 10 000 plus population in January from December. However estimated construction costs fell 19.4 percent. January building value totaled 4 898 924 dollars versus 254 006 in December. Permits requested in January 1983 dropped 15 percent in number and 342 percent in costs.
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