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Show SURVEY SHOWS BIO GAINS 111 CONSTRUCTION ! WASHINGTON, D. C Indications Indica-tions of a widespread increase in residential cons true tion, which is rapidly approaching what may be a long-term up-swing, is noted in a compilation of statistics, recently recent-ly completed, by the Federal Housing" Hous-ing" Administration. The compilation covered eight major indexes, using" the monthly average of 19.'i3 as 100, and was compiled, tabulated, and graphed to show monthly totals over a two-and-a-half-year period. The sharp ri in value of new residential construction as indicated indi-cated by building permits is shown in the survey. The index for June 193-1 was 72.3; in June 1935 it was 248.0; in .June 19:J,0, 7-12.9. This latter figure- is higher than that for any month since Apirl 1931 and represents one of the most noteworthy gains in any industry since the low period of 1933. All of the eh;ht classifications show substantial increases: Total industrial production, residential building permits, building permits lor alterations and repairs, residential resi-dential contracts awarded, contracts con-tracts awarded for alterations and improvements, employment in construction, con-struction, employment in production produc-tion of construction materials, and shipments of construction materials. ma-terials. Recorded data show that the volume of alterations and repairs has not varied as greatly as that for new construction. Particularly encouraging is the fact that both employment in construction and employment in production of construction con-struction materials have increased increas-ed during the first six months of 1936. |
