Costs squeeze home building supply and prices
The article outlines how high production and financing costs, sewer moratoriums, and growth restrictions are hurting the home building industry. It notes fewer choices for buyers and higher prices, with potential declines in construction and mortgage rates if the slowdown persists, and hints at cities relaxing land use rules to mitigate losses.
Real Estate Echoes of Credit Costs in Housing Slump
The piece argues that lumber prices fall while other materials stay high, with builders facing scarce mortgage credit due to two digit inflation. It highlights how credit limits, usury laws, thrift restrictions, and bank power shift housing demand away from buyers, delaying the Fed’s monetary adjustment. Dr. Jones of the Mortgage Bankers Association of America is cited.
MENTIONED IN THIS ARTICLE
U.S. Treasury
Dr. Jones
The
Mortgage Bankers Association of America
Arizona Homebuyers Weigh Cost and Style in Housing Choices
Jackson W. Goss of Investors Mortgage Insurance Co. surveys Arizona buyers, noting price, down payment, and mortgage costs as major concerns while locale, layout, and kitchen amenities drive choices. Families view eleven homes on weekends, with couples preferring joint decisions and singles deciding quickly.
MENTIONED IN THIS ARTICLE
Arizona
Jackson W. Goss
Investors Mortgage Insurance Company
Boston
Goss
Population boom eyed for Arizona by 2000
Esmark Inc forecasts Arizona population rising to about 7.5519 million by 2000 from 2.1504 million today, a 251 percent increase. Growth concentrates in sparse areas and fringe suburbs with housing demand rising and planners favoring integrated live-work developments.
MENTIONED IN THIS ARTICLE
Arizona
Esmark
El Condo opens 12 condo complex in Scottsdale
The El Condo project at 3636 North 70th Street is a 12 unit two story resort complex with pool ramada and covered parking built by Dix Construction. Designed by Donald Van Ess the project spans 35 695 square feet and offers two bedroom two bath units with 1200 square feet each and upscale built ins.
MENTIONED IN THIS ARTICLE
Scottsdale
North 70Th Street
New Condomium
Sam Singer
Singer Realty and Investment Co
von Dix
Dix Construction Co
Singer
Donald van Ess
Dix Construction
SCC Tours Taliesen West and Cosanti Foundations November 16
Scottsdale Community College announces a guided bus tour on November 16 to Frank Lloyd Wright’s Taliesen West and Paolo Soleri’s Cosanti Foundation in Paradise Valley. The non profit outing costs 8.50 per person covering transportation and admissions, with sign ups through Anita Nelson at SCC.
MENTIONED IN THIS ARTICLE
Scottsdale Community College
Frank Lloyd Wright
Taliesen West
Paolo Soleri
Cosanti Foundation
Paradise Valley
Activities Office
West
Scottsdale Cam
Pus
Anita Nelson
Miss Nelson
SCC
Architecture Careers Booklet Answer Students Questions
A new brochure published by the Central Arizona Chapter of the American Institute of Architects answers common questions about architecture. The Public Relations Committee members Bill Close Jr Art Soob Richard Hales and Thomas Shadoin contributed illustrations and text for students from fifth grade to high school. Call 257-1924 or write to 1109 North 1st St Phoenix 85004 for copies.
MENTIONED IN THIS ARTICLE
Central Arizona
American Institute of Architects
Bill Close, Jr
AIA
North
Dnd
Phoenix
Scottsdale issues permits totaling 6.48 million for October
Scottsdale Building Department reports October permits valued at 6,480,247, more than triple last year. A 2,284,300 Doubletree Inn project on Indian School Road leads, with Kaiser Aetna at 825,300 for four McCormick Ranch retail stores. Other large items include Scottsdale First Baptist Church additions 485,000 and a 671,888 Acoma Development project at Thunderbird Industrial Park. Eighty-one single family and townhouse permits totaled 1,277,000.
MENTIONED IN THIS ARTICLE
Kaiser Aetna
McCormick Ranch
Scottsdale
Miller and McKellips Roads
Acoma
Thunderbird Industrial Air Park
Continental Restaurants Inc
Also Mentioned on This Page
By Oliver H. Jones
Treasury
Federal Reserve System
Esmark, Inc
Chicago
Soleri
Art Soob
Richard Hales
Thomas Shadoin
Doug Hood
Doubletree Inn
Indian School Rd
Richard H. Baxter
Reece
Boys Club
Chaparral Park
Bill Howard
Eas
Moerkerke Realty Inc
First Avenue
Pleasant Run
Shea Blvd
MC Cop
Ee Indian
Hal Rich Realty
Kaiser-Aetna