Housing pace to remain slow in 1976 forecast
At the Residential Construction Forecast Conference in Washington DC experts from NAHB and American University predicted 1976 housing starts range 1.3 to 1.6 million units. Opinions varied on strength of recovery with projections from 1.35 to 1.454 million units and concerns over apartment rental shortages.
MENTIONED IN THIS ARTICLE
National Council of the Housing Industry
American University
Washington, D.C
National Housing Center
National Association of Home Builders
NAHB
Michael Sumichrast
Starts
William Smolkin
Smolkin
Harry Schwartz
Federal National Mortgage Association
Real Estate Settlement Act sparks call for overhaul
The RESPA debate heats up as lawmakers, lenders, and housing officials argue the act raises closing costs through paperwork and delays. Critics say reform is needed to lower costs, speed up closings, and clarify legal questions while promoting affordable home ownership. A separate housing survey suggests renting is transitional, with many tenants planning eventually to buy a larger home and benefit from mortgage tax advantages.
MENTIONED IN THIS ARTICLE
Copley News Service
Respa
William Proxmire
Proxmire
RFSPA
James D. Rowe
Mortgage Bankers Association of America
MBA
Apartment shortage worsens as rents rise and costs surge
The article analyzes a looming rental housing shortage driven by shrinking profits for new apartment ventures. It cites a 5.1 percent rent rise versus a 17.3 percent jump in operating costs, including 60.8 percent fuel increases, and notes threats from stricter laws and rent controls.
Changing Composition Of Average American Household
Census Bureau report shows shrinking household size from 3.33 to 2.94 persons and rising nonfamily living arrangements. Fewer households contain married couples while single or nonrelative living accounts climbed, with rental vacancy at 6.3 percent for April to June.
MENTIONED IN THIS ARTICLE
Copley News Service
U.S. Census Bureau
Census Bureau
Walk-up Buildings Lose Money Says Industry Executive
William D. Sally of Baird and Warner notes walk-up apartments are failing as a business, citing New York City as evidence. The Wall Street Journal reports arrears in tax payments across 112000 walk-ups, with 32 percent in the poorest quarter and 15 percent in the richest. foreclosures could reach 200000 to 950000 units by end of fiscal year 1977.
MENTIONED IN THIS ARTICLE
William D. Sally
Baird and Warner
Chicago
Illinois
Sally
New York City
Wall Street Journal
New York
Plumbing classes offered by Scottsdale Plumbing in Scottsdale
Scottsdale Plumbing invites the public to free household plumbing classes at 7 30 p m on Tuesdays through Nov 20. A booklet will be provided to each participant. Classes meet in the Scottsdale Plumbing showroom at 7501 E Osborn Rd.
MENTIONED IN THIS ARTICLE
Scottsdale Plumbing
E. Osborn Road
Real Estate Briefs Condominiums Course and Industry Moves
Scottsdale resident Nick J. Petra will teach a four-session condominium management course under the Professional Institute of Real Estate with evening and daytime options. First session December 1 at 6 30 p.m. and December 6 at 9 a.m. at 2728 E. Thomas Rd Room 103. Course fee 50 dollars. Vince DiVito named VP construction and purchasing for W R Schulz Apartments overseeing over 10 million dollars in garden apartments. DiVito joined W R Schulz four years ago and holds an MBA from ASU and is a Scottsdale High School alumnus. L J Stalcup, president of the Women’s Council of Realtors, completed the Realtors Institute program earning GRI designation. Alyce Moore named to Million Dollar Club of Lawyers Title for 1 million in real estate sales. Moore is office manager of Robert A Applewhite Real Estate, formerly with Russ Lyon Realty.
MENTIONED IN THIS ARTICLE
Richard R. Wood
Real Estate Securities and Syndication Institute
National Association of Realtors
California Association of Realtors
Nick J. Petra
Scottsdale
N.P.E. Property Management
Professional Institute of Real Estate
Institute
E. Thomas Rd
Vince DiVito
W. R. Schulz
DiVito
W. R. Schulz and Associates
Arizona State University
Scottsdale High School
Alyce Moore
Million Dollar Club of Lawyers
Lawyers Title
Moore
Robert A. Applewhite Real Estate
Russ Lyon Realty
Also Mentioned on This Page
Schwartz
Leonard Santow
Henry B. Schecter
Afl-Ci0
Scottsdale (Az
Daily Progress
Jack Senini
Scottsdale Board of Realtors
Mesa Horse
Phoenix Westside
Tempe Lanes
Patio
Highland Drive
Phoenix
Paradise Valley
Dick Baxter
Petra
DeVito
L. J. Stalcup
Women’s Council of Realtors
Realtors Institute
Arizona Association of Realtors
GRI
Pinnacle Peak Village
Arizona
Scottsdale Road
City Lights
McDowell Mountains
Pinnacle Peak
Pinnacle Peak Road
Spinnacle Peak Road
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