OCR Text |
Show BUILDING IS CHEAPEST NOW. From the most reliable sources available the statistics of the Labor Bureau at Washington it would appear that lumber and other building materials are geting down to a level that our people who desire to improve their property would not be justified in delaying delay-ing much longer in the hope of a still further drop of any very great proportions. Taking "lumber and building materials," and including includ-ing in the list steel and many metal products and as compared with the beginning of 1913 the combined cost of building materials stands for April, I 922, at 156, which is to say thet for a bill of these materials that could have been purchased in 1913 for one hundred dollars one would pay now one hundred fifty-six dollars; While in the new system used gy the Labor Bureau several items are credited to building a very large part of which go to other industries, as for instance, copper wire, and therefore, the index figure 156 is too low, yet still it indicates in a general way about where the whole country stands relative to 1913. Present conditions are not favorable favor-able for a very extended further decline in the immediate future, but rather the reverse. |