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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Nov 06, 1976
Page
5
In 1976 about 1.5 million new homes will be built or started with smaller average sizes. Builders trim costs to avoid price hikes and energy use, while per household population falls from 2.94 in 1975 to an estimated 2.89 in 1976.
Jackson W. Goss of Investors Mortgage Insurance Co says households grow smaller as people live longer and live separately from parents. Children leave home early, women reduce births aided by the pill, and working wives seek smaller homes. Builders note demand for compact houses.
Forecasters predict a reasonably good year for housing production in 1977 with strong consumer demand ample mortgage money and stable loan rates through midyear. The housing sector remains optimistic about the coming months as analysts weigh supply, demand, and financing conditions.
The Professional Institute of Real Estate opens at 10830 N 71st Pl with Nick J. Petra as owner and director. The Scottsdale resident cites area growth and offers courses from sales to brokers licensing and condo management.
William Smolkin, New Orleans housing consultant, forecast 1977 starts at 1.9 million, above 1.73 million by Michael Sumichrast. He praised multi family construction with about 400 000 apartment starts and cited improved rents costs and government programs as drivers.
The Trails at Scottsdale by W R Grace Properties opens on Roosevelt east of Granite Reef offering 172 single story homes with 3 floor plans and 3 exterior designs. Base prices run from 32950 to 38950 with 1190 to 1741 square feet of living area. Don Dailey and Associates is the broker. Underground utilities and a six foot masonry wall surround the five acre common area with an annual $85 maintenance fee.
William R. Schulz of Scottsdale was elected president of the Arizona Apartment Association at its Tempe annual meeting. Ralph Saft of Tucson became vice president, Joni Hegel of Phoenix was chosen secretary, and Glenn Gasser of Phoenix was named treasurer. Elliot Emerson was inducted into the Hall of Fame for his leadership and dedication to the multi housing industry.
The Scottsdale Senior Citizen Center hosts the opening tour in the Architects Sundays series by the Central Arizona chapter of the AIA. Hosts Wilson Jones and Jerry Mah of Jones and Mah Architects will guide visitors 2 to 5 p.m. Sunday through the senior center. Other stops in 1976 77 include Paradise Valley Town Hall by Michael and Kemper Goodwin and the Scottsdale Conference Center on McCormick Ranch by Bennie M. Gonzales.
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