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Athens Messenger in Athens, Ohio

13 May 1955

Page 9

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Athens Messenger May 13, 1955 Page 9 old newspaper archives

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Newspaper

Athens Messenger

Location

Athens, Ohio, United States of America

Date

May 13, 1955

Page

9

Big Changes in Housing Ahead

National Homes Corp president James R. Price predicts a quarter century shift to assembly line and mass production in home building. He cites 70,000 homes built since 1940, precise machine work, kiln dried lumber, and bonded engineered parts delivering lower costs, quality, and weatherproof framing. National Homes claims wind resistance to 105 mph and snow load of 94 inches, with high customer acceptance and leading production.

MENTIONED IN THIS ARTICLE

James R. Price National Homes Corporation National Homes Mr. Price Gvernmental Youngstown Charles M. Goodman AIA Beatrice West
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Ownership Is Sound Investment Continues On Debt Burden

Mr Flynn argues for expanding population and rising wages to justify mortgage debt. He notes 62 million workers in 1955, forecasted earnings growth, and a predicted drop in installment payments by 1.5 billion dollars. Liquid assets total about 210 billion, with savings bonds, savings accounts, checking, and building society shares. He compares 1939 mortgage costs to present, showing payments near 2.6 percent of spendable income while 9 of 12 families pay under 20 percent.

MENTIONED IN THIS ARTICLE

U. S Flynn Mr Flynn Mr. Flynn
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Also Mentioned on This Page

Elmer Jones Elmer Jones Realty Co Delta Sunnybank Greenhouse Athens Wolfe Hardware Court St Athens, Ohio The McCleerey Carpenter Electric Co Columbus, Ohio National LIFE Saturday Evening Post Elmer Jones Realty, Inc Columbus Road Townsend Place Ohio State Street Airport Bally
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