Demand for New Homes Pressures Builders to Fight Cost Inflation
An editorial in House and Home urges builders to curb rising costs that deter home sales. It cites inflated land prices, higher borrowing costs, wage boosts, and pricier materials as key factors, and recommends standardization, larger components, frugal financing, modernized codes, and mechanized building methods to ease pressure and boost housing supply.
MENTIONED IN THIS ARTICLE
York
House & Home
Fers
Thaat
GI Home Loan And Appraisal Activity Stable In June
The Lubbock VA region reports June steady loan and appraisal activity. VA received 916 appraisal requests for proposed and existing homes, up from May. Private lenders filed 444 home loan applications for veterans, a six percent drop from May.
MENTIONED IN THIS ARTICLE
Lubbock Veterans Administration
Robert W. Sison
Congress Expected To Ease FHA Remodeling Loan Rules
Raymond M. Foley predicts Congress will liberalize FHA insured loans for home remodeling. Proposals would raise Title I limits from 2500 to 15000 for multi family repairs and extend five year terms, enabling larger projects and earlier renovations. The change aims to reduce piecemeal work and broaden home improvement financing for buyers of older houses.
MENTIONED IN THIS ARTICLE
Congress
York
Raymond M. Foley
Housing and Home Finance Agency
Foley
Practical Builder
FHA
Foley Sant
Cor
Foly
Two Lubbock men named to retail furniture board
Harold Griffith and James Spears of Lubbock were named to the board of directors of the Retail Furniture Association of the Texas Convention at the annual Southwest Furniture Market in Dallas. Griffith was reappointed a director and Spears is a new director. terms run from 1934 to 1935.
MENTIONED IN THIS ARTICLE
Harold Griffith
James Spears
Lubbock
Retail Furniture Association of the Texas
Dallas
Griffith
Spears
Plains Seed & Delnting Warehouse Addition Under Way
Construction begins on an addition to the Plaine Seed & Tohanng Co. at 161 Erskine 2d. Concrete block walls and steel girders will support a built up roof with a concrete floor. The extension adds storage for 18 000 bushels of seed.
MENTIONED IN THIS ARTICLE
The
Plaine Seed & Tohanng Co
Erskine
Carport to an Office Conversion for C D Gann
Work on converting a 20 by 12 foot carport at 1618 18th St for C D Gann proceeds. The project costs 1501 dollars and will be a frame structure with a brick front and wood siding. The item notes a historical wage comparison between 70 and 46 years.
MENTIONED IN THIS ARTICLE
C.D. Gann
18Th St
Veterans Take Major Share of GI Housing Market
New survey shows Korean War veterans now account for up to a third of home sales in 14 major markets with VA financed purchases rising since last year. In Milwaukee and Chicago areas Korean vets lead sales while World War II buyers decline. The article notes 6.5 million eligible Korean War vets have until 1985 to use VA housing benefits amid ongoing congressional debates on extending the program.
MENTIONED IN THIS ARTICLE
New York
House & Home
Los Angeles
Milwaukee
Cleveland
Atlanta
Philadelphia
Chien
Chierga
Hiya
Tis
Melwaukee
Ruel War
Binners
National Association of Home Buiiders
Congress
Matim
Mortrate Iankers
Joy Fo Austin
Te = Co
Houston
Vier Mawkers Assn
An Heneton
Reltes Recen Jy
Ate Ve Crane
Morta
Senate
Sion
Honee
Olin Teague Ud
Chearman
Veterans Affairs Committee
Maurice Le Fan Named Manager at Margaret's Shoes
Maurice Le Fan, a veteran sharman from Lubbock and West Texas, is named manager of Margaret's Shoes in Mae net's Kentucky. He previously worked in Dallas with a fashion shop department at Nieman Marcus and brings expertise in high end footwear for women. The article notes his West Towns ties and current residence in Isnt Linds. The piece also cites a 1805 figure stating US steel industry employment at 657,800.
MENTIONED IN THIS ARTICLE
Maurice le Fan
Sharman
Lubbock
West Tesas
Maenet's
Ky le Fan
Dallas
Nieman
Marcus
West Towns
Eight Started Home Building Permits Down
Antiq ue brick chosen for exterior of Hunter Construction Co house at 2708 with St.. cost about 18500. Plan includes three bedrooms two baths den kitchen living dining area double garage and woodburning fireplace. Also ranch brick home by Mathis Construction Co at 2115 58th St cost about 16000 with 1950 sq ft and three bedrooms two baths. Another house by C C Woody at 1330 6th St cost about 1300 with 1140 sq ft. three bedrooms living room dining kitchen and garage.
MENTIONED IN THIS ARTICLE
Hunter Construction Co
K and G Construction Starts Brick Veneer Home on 58th Street
A conventional brick veneer house is under construction by K and G Construction Co at 2002 58th St. The building cost is estimated at 11300 dollars. Plans include three bedrooms a bath and a half living room dining room kitchen entry hall and attached garage with a dining bar between kitchen and dining room and central heating and air conditioning. The living area floor space is estimated at 3 square feet.
MENTIONED IN THIS ARTICLE
C. C. Woody
K & G Construction Co
Brick homes rising on 48th and 59th streets
Clawson Building Co. starts two brick houses at 4410 and 4413 48th St with estimated costs of 20000 each. 4412 will feature three bedrooms two baths a den kitchen combo living room 1836 sq ft and central heating with AC. Wee Anderson Cannady begins a third brick house at 2704 59th St cost about 20000 with 1959 sq ft living area include pine den kitchen and tiled entrance.
MENTIONED IN THIS ARTICLE
Clawson Building Co
48Th St
June contract awards in 37 eastern states hit nearly two and a quarter billion
Total contracts for June in 37 eastern states reached 2 197 815 000, down 3 percent from June 1955, while the six month total of 13 198 959 000 set an all time record. Heavy engineering led June awards, with non residential and residential building also reporting sizable totals.
MENTIONED IN THIS ARTICLE
New York
F. W. Dodge Corp
Dodge
George Cline Smith
Dodge Corporation
Dodge Reports
Forrest Lumber starts house at 1807 8th St project
Forrest Lumber Co begins construction of a new frame house at 1807 8th Street with asbestos siding. Estimated cost 8360 dollars. Planned 2 bedrooms 1 bath living room dining room kitchen central heating refrigerated air conditioning and carpet. Living area about 900 square feet.
MENTIONED IN THIS ARTICLE
8Th St
Forrest Lumber Co
Real Estate License Exams Scheduled Here For July 26
Examinations for real estate licenses will be conducted by the Texas Real Estate Commission in the Reddy Room of the Southwestern Public Service Co. 1005 Ave. E at 1 p.m. on July 26. R. P. Wedmore will represent the commission. Brokers must post $3,000 bonds and pay $10 license fees. salesmen require $2,000 bonds and $5 fees.
MENTIONED IN THIS ARTICLE
The
Texas Real Estate Commission
Reddy
Southwestern Public Service Co
Ave. E
R. P. (Ray) Wedmore
Commission
Also Mentioned on This Page
Oursne
America
Clovis Road
Avenue K
Newson Paint & Supply CO
34Th Street
19Th Street
Jim Chapman
Associated Plumbing & Heating Contractors
Lubbock, Inc
Howell G. Killgore
Homerama
Lubbock Home Builders Assn
Ken Flagg
Gist. St
Blackboard
Equity
Lubbock Furniture
Association
Plains Seed & Delnting
U.S
Margaret’s Shoes
le Fan
Isnt Linds
Forrest
59Th St
Mathis Construction Co
58Th St
Eastern States
World
Manosany Om i
Myrick Appliance CO
Aden