Miller Survey Shows 42 Percent Building Gain in the South
The 1922 six month figures show a 42.7 percent rise in southern building value with 215,531,428 dollars in new work across 84 cities in 16 states. Florida leads per capita spending while Maryland falls and Mississippi soars 198 percent. The survey cites broad data sources and notes many large modern projects including skyscrapers, hotels, and schools.
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Southern capital flows lift building surge in the south
The survey shows a heavy influx of northern capital into southern development with mortgage and private loans showing higher rates. Florida Alabama Texas Arkansas Kentucky Virginia varied from 6 to 12 percent. first mortgage loans attractive due to security and steady demand. Southern bonds attract $184 million in six months, road paving, sewers, and schools drive issues. Edmonds calls the south a virgin field with vast opportunities for construction and growth.
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Kd. H. Edmonds
Richard H. Edmonds
Manufacturers’ Record
Baltimore
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