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Show New Homing Housing ConstructionWorth Construction ConstructionWorth Worth Billion BUlion BillionTo BillionTo To National Proapenty ProsperIty ProapentyLOS ProsperityLOS LOS ANOELBS ANOELES ANGELES Oct 24-A 24 A 24 - - A bl1 bil bl1lion billion blllion lion dollars worth of new houslni housing housing"ntructlon housing'ntruction mtructlon "ntructlon ntructlon 'ntruction ntruction " ' ' ! , this year was wa.s . predlc predic predlcled predicted predicfed led ted today by E L Ostendort Ostendorf ofCi olC"iveland olCiveland of ofC"l'veland C"l'veland Clveland Ci " " ' 'veland veland * ' presdient pres ; ires detrt atent . of the Ns- Ns Na- Na NsIri Nate Na - te Iri lc'i lci , ' A.s As . Association oclaUon of Real Estate EstateBoard EstateBoard EstateBoard Board said sald news reportsIn reportsIn reports reportsIn In an address for delivery at atthe atthe althe the opening seslaon sesbon sesison of the assocla- assocla as.socla- as.socla assoclas as.soclas assocla9n't . - - - . 9n't 9nt ' \ \ < " ' ' \ s a 32nd annual convention oonventlon h he he'aid aid 'aid 1 " ' d reports reporU from trom members boards boardsvet boardfw ' vet l ' the country Indicate 300 000 000a OOCv a " ' . ( fam fans am ' " ' units will w1l1 be erectedjuring erectedluring erected erectedluring luring juring 1939 1939"Th's "Th's Ths 1 ' " 1 bls h's hs ' Is 15 the spear point pain pains ' of adance ad adance adance -ance ance - - " he added Other types oleal of ofeal ofcal eal cal etat e.tate etate c-tate c tate * . - activity are good good'T1 good'ri goodThe 'T1- 'T1 T1 'ri- 'ri ri ' - 'T1Art 'riart ' - . . Art et ' Ity ! ty he asserted la Is nowar nowar no nowar war boom bocen ' . bocenWe We would have had this 1m im 1m'rovement immvement 1mTovement 'rovement rovement mvement ' at this time If there theretiad therehad tiad had been bestn n ro r.o no . war he declared declaredtndeed declaredTndeed declaredIndeed tndeed , ! so lSo sound sOLnd nd I is . the t.he found founda foundaV40n a & 'on on V40n " ' " on for fok fo " present realty reco"erv recoerv recovers reco"ervJIat recoveryhat " ' J--Iat J Iat hat - not even a European war can canitcp canttcp canitep itcp ttcp itep ItOstenddrf It ItOstendort itOstendorf Ostendort Ostendorf Ostenddrf urged local and Bnd fedral rt"d rtd fed rt"dral fedral " ral tax relief for real estate and andhanles andhsnges andhanges hanles hsnges In 1'1 11 l'i li ' ' federal hO housing ling policieso policiesD policies D 9 a assist $15t 15t < ; $ buyers of old houses a'1d a1d a'td atd a'tdmflne aidonflne ' ' ' ) nflne mflne government dwelling OOD con cont1 cont- cont contctlr'n OODt t t-1 t 1 ' . , - - ' ctlr'n ctlrn cUnn ct1rrt ' ti t " , " > actual netl1al ilum fIIlum tiluns ( clearance |