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This newspaper page contains 2 articles. Subscribers can read the full text of each article.
Newspaper
Pella Chronicle
Location
Pella, Iowa, United States of America
Date
Aug 18, 1927
Page
5
Roger W Babson discusses the rise of demand for smaller houses and three room apartments as autos enable broader living areas. He notes declining rents, a cooling market, and says building for self is good but investment building faces high taxes. He cites labor efficiency and cost reductions as leading indicators.
The article argues young men should seek engineering or architecture training plus business fundamentals to succeed in a competitive building industry. It favors a cost plus fixed amount contract basis, warns against cost plus ten percent, and advises hiring with firms using this basis while avoiding mixing contracting with investments. It discusses industry prosperity, labor needs, and the Babson chart showing current above normal activity, with a note on divorce cost issues and a Lineville bootleg case.
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