Show S 0 L. L Home Building ng Down I U. U Survey Shows j 1 I Bureau Reports Wide State-Wide Slump Except for or New Def Defense a ense- ense ns reas Jf Y Areas reas pt ift Jk By Robert W. W Bernick New home building is down in Salt Lake City it was reported Wednesday The decrease was registered in June 1951 compared to June 1950 The Bureau of Economic and Business Research of oC the University University University Uni Uni- of Utah also said new dwelling construction started in m the stale state as a whole during last month was 53 lower than June 1950 and ind the smallest total since January Jan- Jan jary uary 1950 The major factor causing the decrease in residential construction construction construction tion is the credit restrictions placed on loans the bureau said Observers Observers' also attributed the decline as well to lack of money in in secondary financing markets in the east cast for purchase of mortgages mort mort- gages Ample supplies of most building building building build build- ing materials are not a affecting the construction picture Neither is the labor force problem Figures are arc based on money values of building permits issued Total value of new construction construction construe construe- tion in in the state slate last month was placed by the bureau at Residential building which represented 76 of the total construction construction construction con con- started in m June of this year was also down 53 while residential non-residential construction was down and additions alterations alterations alterations alter alter- and repairs were down 23 9 o compared with June 1950 the agency stated Building in Ogden was down Provo and Logan However South Salt Lake Milford Bountiful Cedar City Murray l and Tooele all showed increases in value of new construction construction construction con con- in June 1951 compared with the same month a year ago Cedar City was up Tooele Milford These are defense construction areas |