Salt Lake Telegram | 1934-06-22 | Page 13 | Building Costs to be Slashed

BUILDING COSTS TO BE SLASHED Action Planned Through Codes to U U. U S S. S Program WASHINGTON June 22 II IV Downward revision of ot build building g material material material ma ma- prices under N R A codes to the administration home homebuilding homebuilding homebuilding building and repair program was said today by byan by-an an authority in the thc construction construction construction con con- industry to be planned within with with- in the next fortnight Not even awaiting President Roosevelt's Roosevelt's Roosevelt's Roose Roose- velt's signature of the housing bill the industry was depicted depleted as contemplating contemplating contemplating con con- cuts cuts' of from 10 to 15 per percent percent percent cent in its charges The spokesman who did jd not want his name used was in a position to know the facts Lead Leaders rs in the business expect the housing program to so increase volume volume vol vol- volume ume that there will be no decrease in employment and net profits will suffer ufer but little A drive to reduce building costs casts has been under way for lor some time The reduction has two main objectives To increase activities under the housing program which is designed to encourage building of new homes and the repairing of old To carry out the announced policy polley of N R A to keep prices from mounting mounting mount mount- in ing to excess Increased volume of building activity activity activity ac ac- ac- ac will permit a narrower margin between production costs and selling prices Harry L. L Hopkins Hopkin federal relief chief chic is expected to take charge of ot the housing unless he pc program personally personally per per- signifies a contrary preference preference preference prefer prefer- ence to the president