OCR Text |
Show "Prefabricated Homes Will Be Available foi Modest Incomes Benjamin F. Fairless, president of United States Steel corporation, corpora-tion, announced that the corporation corpora-tion today completed negotiations negotia-tions to acquire a substantial interest in-terest in the Gunnison Housing corporation of New Albany, Indiana. In-diana. He said that the acquisition ac-quisition of this interest would provide U. S. Steel with research facilities and the experience of an established and leading organization or-ganization serving prefabricated home buyers. "One of the best means of meeting the large postwar demand de-mand for homes for people of modest means will be through the applications of mass-production methods in the prefabricated housing field," Mr. Fairless said. "To this end U. S. Steel believes that steel will make an important impor-tant contribution wherever it meets the requirements of design, utility and cost." Foster Gunnison, founder and principal stockholder of Gunnison Gunni-son Housing corporation, will .ontinue in charge of the company's com-pany's affairs. A pioneer in pre-fabrication, pre-fabrication, he has spent many years in perfecting the Gunnison Home and before the war had distributed his product from coast to coast through a wide-spread dealer organization. Gunnison Homes are designed to sell generally gen-erally for $2,000 to $5,000. Mr. Fairless adds: "Prefabricated "Prefabri-cated homes should become one of the world's greatest industries and can aid substantially in post w'ar employment. Everything the steel industry can accomplish in the development of this new type of housing will be another milestone in the social progress of America." |