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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Nov 02, 1968
Page
4
The Del E. Webb Corporation built the latest addition to the university campus while the design was led by Michael and the unnamed partner in a project reflecting expanding higher education facilities.
Contractors and homebuilders contend a shortage of bricklayers and tradesmen delays new homes to 120 to 150 days, nearly double 1965. The Homebuilders Association cites ads in 18 cities, while unions say jobs are not plentiful and their slowdown is near. John Hedges of Bricklayers Local 3 of Arizona notes he can staff all current work.
HUD faces sharp critique from House and Home magazine over its in city low cost housing plan. Critics say the program was mismanaged politically influenced and failed to involve private builders despite inviting firms from Levittown Reston and Kingsberry along with aerospace and lumber groups.
Paradise Valley town council reviewed plans for a 53 acre Tennis Ranch on the former Racquet Club site. The project by Richard Caviness envisions 41 casitas 12 large casas and eight hotel units with nine tennis courts and a focus on instruction and personal improvement. Groundbreaking is slated for early next year.
Los Angeles County Supervisors approved in principle a rent to purchase plan for residents in government housing projects. Tenants would receive credits valued toward buying their homes as payments are made on rent. The proposal aims to convert rental housing into equity for eligible occupants.
UPI reports 26 million housing units to be built in the next decade amounting to about 1,400 square miles of living space. Ray Waitt of the Watt Co. says changes will focus on land use, mass production, financing, and industry reshaping rather than outward home design.
A Federal National Mortgage Association study series on FNMA auctions for FHA and VA notes, plus NA REB realtor surveys, suggests a slow long-term recovery with monetary restraint. While money availability improves, high interest costs persist and price points have narrowed, indicating a cautious but hopeful market.
Listings show homes across districts by Scottsdale Multiple Listing Service with Sunday open houses from 1 30 to 5 30 p m unless noted. Include Michelson Weisberger Realty Realty Executives and others with street addresses for easy location.
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