Housing costs rise as war boosts building and rents
An economist argues war ramps up housing demand and construction while raising costs and taxes. He cites 1917 boom after prior war as precedent, notes higher rents spur new builds and that mortgages may benefit as dollars lose value. He warns today’s higher costs may reach $12 000 per home by 1945 without cheaper dollars.
MENTIONED IN THIS ARTICLE
New York
N. Y
Randolph Evans
Mr. Evans
Evans
Many Electric Outlets Needed in Home Wiring
Surveys show how many electrical outlets are needed by home size and type. Kitchens require outlets at work surfaces near the sink and on the counter for clock, refrigerator, ventilating fan, and other appliances. Space in cellar or attic can be repurposed to add rooms, with FHA modernization credit to fund improvements.
MENTIONED IN THIS ARTICLE
Curtis
Insect deterrent from cedar oil in painted room
Placing cedar oil or orthodichlor benzine in a shallow dish in a room under paint keeps insects away. The method relies on strong scents to deter pests during painting.
FHA Holds Record During 1940
The 1940 upsurge in home building continues with May FHA insured new home applications surpassing $100 million for the second straight month. Federal Housing Administrator Stewart McDonald reports May totals of 22,053 mortgages worth $101.2 million for homes to be built under FHA inspection, surpassing April. May also marks the most active month for FHA in homes started under inspection, with weekly starts averaging around 3,800 and two weeks exceeding 4,000. Total FHA mortgage volume including existing structures hits $129.18 million in May, up from April and well above 1939 levels.
MENTIONED IN THIS ARTICLE
Federal Housing Administration
Stewart McDonald
FHA
Mr. McDonald
McDonald
Economy and paint quality matter for long term savings
FHA officials warn that cheap paints cost more over time as they crack seal and fail. Industry data show cheap coats require removal and re priming. Good quality paint lasts longer, resists weather, and avoids extra costs. Summer invites consideration of fire resistant shingles to further protect homes.
MENTIONED IN THIS ARTICLE
FHA
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