It’s Cheaper To Build If You Could Not Buy Now
Washington based NEA report details a nationwide rise in housing costs since 1940. A National Housing Agency survey shows many cities saw house prices double or more, with typical price for a $6,000 home now around $9,000 to $9,500. Builders face shortages and higher wages, with material costs up 39 percent and labor up 86 percent, pushing costs toward $12,000 for an $8,386 prewar home. The piece notes veterans with permits may still face near $9,000 in costs, hindering habitable housing for both veterans and civilians.
MENTIONED IN THIS ARTICLE
Washington
Nea
National Housing Agency
Wilson H. Wyatt
Congress
Fortune Magazine
Black market dealings burden housing costs in shortages
The text notes that when a building is held up by missing vital materials, people may resort to the black market to obtain them. Such purchases add materially to the overall cost of buying or renting a house, as insiders admit.
MENTIONED IN THIS ARTICLE
Ers
New Auto Planned Amid High Demand for Cars
DETROIT AP The auto industry races to meet a peak car demand with a new vehicle under Hayes Manufacturing of Grand Rapids sponsorship. Hayes would build car bodies and possibly expand facilities for assembly while eastern manufacturers sponsor the project. Hayes currently tooling doors for Kaiser-Frazer and building wagon and cab truck bodies for Willys-Overland, as Ford recalls 40,000 of its 90,000 production workers after a Friday layoff.
MENTIONED IN THIS ARTICLE
Detroit
Hayes Manufacturing Company
Grand Rapids
Mich
Hayes
Hayes Company
Kaiser-Frazer Corporation
Willys-Overland
Ford Motor Company
Ford
Hayes plans new car amid soft coal strike impact
Hayes and Howard Darrin discussed a new car at Grand Rapids while Kaiser and Frazer tooling continues at Willow Run. Ford closures at Lincoln and Highland Park delay production with about 4700 workers affected. Initial schedules hint at 50000 units, date not specified.
MENTIONED IN THIS ARTICLE
Ford
Lincoln
Highland Park
Hayes
Howard Darrin
Los Angeles
Grand Rapids
Kaiser and Frazer
Willow Run
Detroit
Kaiser
Frazer
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