Show Building Costs Costs' Trend Upward in inU inUI UI U US U.S. I S Si I Dui During ing 1928 By Dy S. S W. W STRAUS President S. S W. W Straus Co AP Final reports NEW YORK AP of or bu building ding construction throughout the United States will at the end erid of ot 1928 reflect conditions not greatly great great- ly at variance from those pr prevailing prevail prevail- ing Ing- throughout 1927 Basing the estimate on the volume volume vol volume vol- vol ume of ot building permits or buil ing plans filed flIed in approximately cities In all parts of the tho country country coun coun- try the nations nation's housing bous hous- ing for the entire year will have hae been approximately Building construction costs averaged averaged averaged aver aver- aged about the same In 1928 as In 1927 although the trend was continually continually con con- upwards while hUe in 1927 the cost Indices declined steadily Indices In Indices Indices In- In dices of labor costs for the this year averaged from 1 to 1 2 11 2 1 per cent centI I higher than 1927 the tendency being upwards The monthly index for all building materials averaged about 2 per per percent cent less in 1928 although during the tile thelast last two months the market was a a. little firmer The years ears financing through real estate bonds debentures delben- delben deben delben- tures co collateral 1 trust certificates s sand and anti land trust certificates probably will exceed that of ot 1927 by about 10 1 2 1 per cent Owing to the element of high money which may hold over well Into 1020 1929 earlier months may witness witness witness wit wit- ness some slowing down in construction construction con con- activities The years year's prospects gi speaking may maybe may maybe maye be e viewed with optimism less ess I |