Salt Lake Telegram | 1923-03-13 | Page 7 | Cut in Rents Predicted in U. S.

liT TIN IN RENTS r PREDICTED IN U Va S 5 i r 4 IV I n ide Survey Shows J Increased Building I Over Country KANSAS K N AS CITY MO March is I I L Lower te ts for millions of or residents in n o ot of the country were pied here today on the basis ot of r nationwide ja w de survey of ot housing con- con Jon's Jons from the housing shortage a a result of ot increased building ac- ac y w U bring lower rentals by spring spring according to T. T J. J Nolan di- di liT T manager of or the F. F W. W Dodge I. I Figures gathered by our In a a. national study of ot B building activity show a general in in- in ssan construction ons work and in- in 1 downward trend In rental lc should be felt feit throughput through through- tout put put the Inclination by spring Nolan Kolan declared deit de- de it today Building contractors did 33 per cent ent it more mora business in February than during lurIng the same month a year ago More than in con- con contracts were a awarded warded contractors r J rs in various parts of or the 1 country and 40 per cent of or the build build- Jn Inc program is residential Contractors are building more I there has be been n an an unprecedented demand for relief from high from rents Contractors have hav f reduced their overhead costs In- In eased the efficiency of their working work work- l ing forces and amI launched one of or the building booms In history 4 While tho boon boom Is simultaneous It is most active In Jn in all sections t tj the e c midwest and south where build build- tr g plans arc are being rushed forward bUIld I M W aa as fast as materials and labor can 1 secured I In Iri n addition to contracts actually nearly worth I of I yet to be contracted for forby Sra Ion by oy various finan- finan It c contractors reported Lt th 4