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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 09, 1938
Page
19
Iowa rural women advocate running water and electricity as modern needs. The piece notes a plan to finance a bathroom and kitchen upgrades via sow litters and proceeds, and outlines costs for water, wiring, and a septic system with possible FHA loans or local private loans.
In Mount Vernon, Prof. and Mrs. Eugene Devereaux bought the Lyon estate house on North Seventh Avenue and plan extensive improvements before moving in. Mr. and Mrs. Hugh Robert purchased the Eleanor Locke property on the south side.
Mrs. Doetzel and her husband select a modified English bungalow at 1949 C avenue NE for its yard space 180 feet long and seven front and rear gables. The Cedar Rapids house features a cool interior, through airflow, a red brick fireplace, walnut gumwood trim, rose ivory walls, a red and white kitchen, and planned attic space to finish for the boys. The family includes John 10, David 6, and Catherine 4 with Nov 1 shared birthdays.
The basement gains a laundry and playroom with a gas heated furnace replacing the coal bin to free space for a ping-pong table. A future wardrobe for children's play clothes will be built, and a knotty pine fruit closet partition is finished. An exterior rear light switch on the back door frame serves a two foot longer garage with a tool bench and storage.
Wilson and Co. Ltd announces a remodeling project in curing building No. 22 of its local plant with about $20,000 in improvements. New footings, columns, girders and a concrete floor are being installed in the basement. The work is entirely replacement, under the direction of general manager H. A. Palmer. Sumner Sollitt and Company of Chicago holds the construction contract.
FHA financing activity stayed strong in September signaling a busy fall for residential construction. Small mortgages appraised reached 98.43 million dollars, up 117 percent from 1937, while commitments for insurance rose 68.34 million, up 94 percent. About 70 percent of September approvals covered new homes, with 44 508 loans totaling 20.10 million dollars, lifting total insured new-home loans to 108.51 million since February as the amended act took effect.
A compilation of businesses in the Better Homes DIRECTORY features Home Lumber Co. Novak Heating Co. Wisconsin Lumber Limback Lumber Co. Hawkeye Lumber and Coal Co. Nagle-Eaton Lumber Co. Maresh Sheet Metal Wks. King's Crown Plaster Co. Cedar Rapids Gas Co. Williams & Hunting Co. Economy Lumber Co. Sears Roebuck Suburban Gas Co.
Projects valued at about 67 million dollars were in operation or under construction as of September 30. During the quarter ending September 30 the appraised mortgage selections more than doubled the value of the same period last year. The total for the period reflects significant growth.
The three month period total reached 296,834,299 versus 140,781,344 a year earlier, up 111 percent. Mortgage insurance accepted during the quarter totaled 196,641,150 compared with 109,507,500 in the third quarter of 1937, up 80 percent.
Reports on the twentieth annual convention of the Iowa Association of Real Estate Boards, held in Waterloo Friday and Saturday, will be given at the Monday luncheon meeting of the Cedar Rapids Real Estate board at the Y M C A.
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