Salt Lake Telegram | 1921-04-08 | Page 18 | America's Housing Shortage

6 6 Americas America's Housing Shortage j By Ira C. C Tichenor nE HE great need of n a genuine revival in construction operations r Js is most conclusively shown by the recent report of the United sates plates housing corporation which shows that where there were no families for ever every homes in 1890 there were at the close i of or last Jast year 1 1 families for every hom homes home 8 I The ha normal yearly r residential residential- construction In the United States is 0 buildings This average however has haa been growing smaller each 1 Jear car r since the opening of the World war var From 1915 to 1918 It tt is estimated residential construction averaged only 4 42 per cent cent of rr normal and In 1919 it had decreased to GS SS per cen cent t of normal Decreased construction and Increasing p during the tho past pst six alx 7 U it I is la conservatively tel estimated have brought broush the tho housing shortage hortage to toJ tornio J more than tan a million inhabitants J Th This condition means moans not only the crowding of or families Into a 3 smaller S square are footage but often oren the Intermingling of or families with ih a n resultant lowering of or the tho health standard as well wel as a decrease in tho the moral morl Z atmosphere r. r Jj The Tho decrease In construction operations al also V o has ha had hada a bad ot erect effect upon 11 j Stul industrial and economic conditions in that It i has resulted in a n at t W diseased I leased demand for rol Jab labor 01 all aU kinds of or building materials and various I z 1 goo goods e and articles necessary in the furnishing of or a n home f One ne ef t the plans lans now su suggested as a stimulus to construction operations I 7 the he passage by congress conge of or a n bill bi creating a n home loan Joan bank and another s J. J la a a bill bi which would permit savings s and time funds of ot national banks to I 2 be bo Invested in mortgage long time loans The proposed home homo loan bank would operate along the lines of ot the federal land Jand which make loans I to farmers on mortgage securities Z There is opposition to this plan how however cr on th the ground that It 11 would add to tax exempt securities and loans and thus further throw the burden o of taxation on n the small holders holder of ot securities Possibly the best plan Is I that I w coeducation conducted by the real estate and building companies of ot Salt Sai I L Oke e. e and which gives promise of or splendid results