FHA Home Construction Surges to New Weekly High
Residential building rose in late March as spring weather boosted activity. FHA data show 3,274 housing starts under FHA inspection, surpassing the prior week and the 1939 period, with mortgage applications continuing at pace amid the FHA program.
MENTIONED IN THIS ARTICLE
Fedal
Stewrt McDonald
Heating Plant Demands Check At Season End
The heating plant should be included in the Spring house cleaning program. Moisture in basements from April showers may damage soot lined heating surfaces. The annual Spring cleaning should thoroughly clean the firebox and flues and remove the smokepipe.
FHA Insured Mortgages Peak as New Home Building Growth
Mortgage activity rose with 4,966 new home loans selected for appraisal in the week, up from 4,434 the prior week and 4,268 in the same period of 1939, which marked the year’s high. Construction began on 122 small homes under Title I, and about 500 plans were received for appraisal.
FHA urges use of architectural service to improve small homes
The Federal Housing Administration promotes professional architectural service to raise the standard of modest homes. Administrator Stewart McDonald says FHA does not mandate but recommends architects for plans contracts and supervision to ensure quality, cost savings, and proper use of space.
MENTIONED IN THIS ARTICLE
Federal Housing Administration
Stewart McDonald
McDonald
FHA
Federal housing plan may reduce next fall repairs
Officials from the Federal Housing Administration say a plan to seal edges of doors and inspect draft controls and oil tanks could cut future repair costs. The measure involves checking and oiling, cleaning, and flushing components to prevent major troubles in the coming season.
MENTIONED IN THIS ARTICLE
Federal Housing Administration
FHA Influence Felt By Lower Income Groups
The FHA mortgage insurance program expanded home ownership for modest income families in 1939. McDonald notes costs were kept in line with incomes, with median FHA buyers at 2457 dollars and payments averaging 13.2 percent of annual income. The typical home value exceeded twice the buyer’s income, in line with housing economist guidance.
MENTIONED IN THIS ARTICLE
FHA
Stewart McDonald
McDonald
Poor Construction Outlawed By FHA
FHA extends its inspection plan to homes under 2500 dollars, applying Title I rules with the same standards as Title II properties. Officials say inspections curb inferior materials and bad construction methods, boosting builder confidence for lower income home buyers.
MENTIONED IN THIS ARTICLE
Federal Housing Administration
FHA
Upkeep Cost Guides Material Choice in Home Building
The FHA notes two cost types in selecting building materials original and upkeep costs. In tech and low priced builds, aim for materials with the lowest original and upkeep costs though local conditions affect nationwide applicability. Wood may be favored where upkeep is high, while some regions favor lower upkeep alternatives.
MENTIONED IN THIS ARTICLE
Federal Housing Administration
FHA
Sleeping Porch Expands Family Living Space
For growing families extra space can come from a sleeping porch. Modern sleeping porches offer year round usability and can be financed under the Modernization Credit Plan of the Federal Housing Administration. A bedroom roof with a window door makes a good sleeping porch location and siding should match the house.
MENTIONED IN THIS ARTICLE
Federal Housing Administration
Floods Cause 11 Million Damage to Chinese Railway System
Recent floods cripple a major Chinese railway system causing estimated damage of 11 million dollars. Authorities assess repairs and reconstruction needed across affected routes and facilities.
MENTIONED IN THIS ARTICLE
China
Welsh Coal Miners Vote on War Stoppage
In South Wales a vote among 127000 coal miners produced only 33000 in favor of stopping the war, signaling limited backing for an end to hostilities despite broad turnout.
MENTIONED IN THIS ARTICLE
South Wales
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