Credit Curbs Fail To Halt Home Loan Uptick
Washington reports August 1949 saw VA loan applications surge to about 70,000 under the GI bill, likely a postwar peak despite inflation controls. FHA activity is tapering. public housing starts exceed 10,000 by mid-September, while FHA and VA financing are expected to shrink later. New York leads in public housing production with 1,598 units, others follow in St. Louis, Bridgeport, Boston, and Detroit. FHA notes 360,293 housing starts in 1949, 36.4 percent of national nonfarm total. typical new home is a five room, 840 square foot dwelling valued at $8,502 with a $7,143 mortgage and $55.59 monthly payments.
MENTIONED IN THIS ARTICLE
Washington
INS
Veterans Administration
Truman
V.A. Loans
Public Housing Administration
New York
PHA
St. Louis
Bridgeport
F.H.A
Federal Housing Administration
FHA
Lumber glut masks shortages for Canton builders
Canton lumber dealers report plentiful framing lumber in yards yet warn on scarce items like oak flooring especially in thin sizes. Inflation bites and price commitments prove risky as mills raise prices before shipments arrive. An unforeseen boom and a fire at a southern flooring mill cut supply, leaving oak flooring hard to obtain.
MENTIONED IN THIS ARTICLE
Canton
Suburbs Outpace Cities as Population Shifts Grow
The Associated Press reports major cities face rising costs and slum challenges as suburbs expand rapidly over the past decade. St Louis, Philadelphia, Baltimore, and Detroit see suburban growth erode city tax bases while officials push redevelopment, housing plans, and new transit to curb migration. Metropolitan plans and county government proposals loom in Cleveland amid debate over central city versus regional control.
MENTIONED IN THIS ARTICLE
Associated Press
Americas
Census Bureau
Philadelphia
Los Angeles
Fletcher Bowron
Cleveland
Greater
Thomas A. Burke
Ray T. Miller
Brick Production Tops 1948 Rate
Brick and tile output in the first half of 1950 rose above the 1948 peak post-war year, with brick production up 4 to 5 percent and total kiln output nearing 2.7 billion bricks. Structural clay tile also shows a year-to-year decline from 1949 but remains above 1948 levels, while Canton builders face face-brick shortages and are urged to pre-order to ensure timely deliveries.
MENTIONED IN THIS ARTICLE
W. J. Goodwin
Structural Clay Products Institute
Mr. Goodwin
Canton
18 Inches of Snow Closes Pass in Alps
A heavy snowstorm closed the St Bernard Pass in the Alps near Geneva Switzerland with more than 18 inches of snow falling yesterday stranding motorists on mountain roads.
MENTIONED IN THIS ARTICLE
Alps
Geneva
Switzerland
St. Bernard Pass
Woman elected Chicago treasurer for VFW auxiliary
Mrs. Grant Rigby of Zanesville Ohio was chosen as treasurer of the ladies auxiliary of the Veterans of Foreign Wars in the recent election.
MENTIONED IN THIS ARTICLE
Chicago
Grant Rigby
Zanesville, C
Ladies Auxiliary
Veterans of Foreign Wars
Bricker Critiques Price Control Act Delay
Senator Bricker of Ohio called the price control act sent to the White House "one month late" and warned that partial authority would invite distortion and chaos in the economy. He argued the administration would be pressured by demands to fix meat prices and wage ceilings, leaving the President powerless.
MENTIONED IN THIS ARTICLE
Washington
Bricker
Ohio
Congress
White House
Congressional
Ohio Firemen To Study Atomic Bomb Effects
Geneva Ohio September 2 More than 1500 volunteer firemen from across Ohio will convene at Geneva-On-The-Lake for a three day convention of the Ohio State Firemen's Association. They will view government films hear experts discuss atom bomb effects and watch field demonstrations and a parade alongside a display of firefighting equipment.
MENTIONED IN THIS ARTICLE
Geneva
Ohio
Geneva-On-The- Lake Nextray
Ohio State Firemen’s Association
Night club cabarets amuse American tourists in Zurich
In Zurich Switzerland a string of low budget cabarets entertains American visitors with performances in flawless English by entertainers who do not truly understand the language. The scene highlights a lighthearted cultural exchange as tourists enjoy multilingual humor and local flavor.
MENTIONED IN THIS ARTICLE
Zurich
Switzerland
Architects Hit Out in Federal Housing Study
The American Institute of Architects urged Congress to strengthen government financed housing research to counter rising prices and material shortages. It urged faster revision of the program, focusing on technical aspects and opposing cuts by private and public researchers.
MENTIONED IN THIS ARTICLE
Washington
American Institute of Architects
Raymond M. Foley
Housing and Home Finance Agency
Congress
Bureau of Standards
Forest Products Laboratory
Edmund R. Purves
Institute
National Defense
City Building Permits Dip in August From July Figure
Canton building inspector Lloyd Davis reports August permits rose above last year but fell from July. 145 permits valued at 802 165 dollars, compared with 220 permits at 970 245 in July and 128 at 423 595 in August 1949. Residential permits dropped from 66 in July to 40 in August. a 300 000 permit for the W T Grant Co. store boosted last month’s total.
MENTIONED IN THIS ARTICLE
Lloyd Davis
Canton
Davis
W. T. Grant Co
Builders Urged to Maintain Construction During War Time
The National Association of Home Builders told members to keep a high level of employment and production within war program limits. Builders should not abandon next winter and spring plans but proceed sensibly, aware of possible unforeseen difficulties ahead.
MENTIONED IN THIS ARTICLE
Washington
National Association of Home Builders
Also Mentioned on This Page
G.I
V.A
National Housing Council
Ray Waltz
Bondex
Fourth ST. NW
Market Ave. S
Joseph M. Darst
Bernard Samuel
Thomas D’alesandro
Baltimore
Pittsburgh
David L. Lawrence
San Francisco
William Fort
Martin Kennelly
National Health Institute
Agricultural Research Center
Pentagon
Albert E. Cobo
Detroit
Cobo
A.W. Baum
Clarendon Ave
Diano
NTU Awiba
Diano Supply CO
Canton, D
Bricker Raps
BEN Cohen & Son
W. Tusc
International Homes & Garages
U. S
Insulation Board
DU Pont
DU Pont Dulux
Duco Enamel
DuPont Paint Service
Cleve. Ave
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