The Orange Leader (Orange, Tex.), Vol. 52, No. 284, Ed. 1 Tuesday, November 16, 1954 Page: 3 of 10
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I
THE ORANGE LEADtt
TUESDAY, NOVEMBER 18, 1934
Built to fit Your Windows to 1-8 inch!
• All-Flexalum Features: Marproof
aluminum slats, spring-tempered to
hold their shape . plastic topes,
that wipe clean with a damp cloth;
won’t shrink, stretch, fade or fray
. . . long wearing nylon eor£a.
• Available In IU color combina-
tions. Come In or phone (or FREE
estimates.
Stats Snag Back — flexalum
aluminum slats sit sprint
tempered to keep theirshspe,
• One-Day Servlet an I
Venetian Blind X
Repairing
2OS BORDER DIAL 6-8433
• CONVENIENT TERMS
* * —-Leader Photo by Mary Alice Lakey
BRIDGE CITY HOME—The Olln Mahfouz residence at Oak View Addition is typical of the homes
being built for about $9,750 by. Harry L. Sutton, Du Pont official. The Mahfouz horde has two bed-
rooms, a den, living room, kitchen, hall and bath and is of frame construction on a concrete slab.
Hardwood floors, builtin kitchen cabinets, tiled bath and asphalt tiling on the kitchen floor are fea-
tures. The den is in knotty pine. The interior features gay colors.
FOR FUTURE REFERENCE—The West OrangeNS^hool gymnasium under construction near the
school will be used in September of 1955 for junior high school students and is planned to accom-
modate a possible senior high school of the future.
By the yard . . . buy as little or as much as you want
No order too big or too small. Immediate delivery
Demand Is Growing for Used Homes
HARDING & LAWLER
April, when it found sales and de-
clining prices in most cities, es-
pecially in the higher price brack-
ets. Three out of four cities at
that time reported price declines
in the $ 12,000-and-higher class.
Demand to Improve
Another of the speakers at
Cleveland—John C. Tysen, presi-
dent of Previews. Inc., whose New
York firm specializes in better-
grade used homes—estimated that
prices in the upper Value class had
dropped as much as 5 per cent
from the 1953 level in some areas.
But the present signs are. Tysen
reported, that 1955 demand not
only will absorb the higher value
new homes but will "take up any
price slack that had existed in
connection with . higher priced
used houses."
A spokesman for tlic National
Assn, of Home Builders here also
reported, improving demand for
older houses as well as for the new
residences in which builders are
primarily interested.
Shot in the Ami
The builders’ spokesman said
the new law has provided "a shot
in the arm” for the real estate in-
dustry—and for builders too, since
the liberalized FHA terms make
it easier for families that have out-
grown their houses to sell them
and buy larger and more modern
homes.
The major reason why used
houses languished on the market
and brought lower prices this, year,
in the view of housing officials
here, was the\ availability of at-
tractive new houses being erected
in near-record numbers.
But a large percentage of buyers
prefer larger rooms, basements
and porches, which older houses
provide. And now these buyers can
obtain easier FHA terms not only
for their purchase but for home-
improvement loans to bring old
. By STERLING F. GREEN j riving in greater volume than in
WASHINGTON (AP) — T h e | any previous October, totaled 29,-
used house is making a comeback j 325 for new houses, 29,124 for old.
in the real estate market. Housing officials said the Veterans
' Stronger demand for old houses,1 Administration (VA), was having
shown in newt .figures froip the i about the same experience with GI
Federal Housing Administration .financing.
(FHA), jibed today with industry j Rea] estate men, who rely on
reports that the price decline on j 0ri rather than new dwellings for
older dwellings has begun to level ; the bulk of their business, had
°tt- / r brightened up noticeably- at the
The Housing Act of 1954, which ' convention of the National Assn, of
had as one major objective the; Real Estate Boards (NAREB) in
preservation of the existing supply j Cleveland during the past week,
of homes.' brought FHA’s terms Good Investment
for mortgage insurance on used ^ de!egitM were told by
^Ihn,*2 C'0SPrJ" equallty wlthi James C. Downs Jr., president, of
those fob new houses. the Real Estate Research Corp.,
Even Up Now Chicago, that the price decline
Now with the law only three j has ended and that, at present
months old, FHA reported this de-: levels, used housing is a high
velopment: in August, three out of j grade investment,
every five home buyers who ap- One official who attended re-
plied to FHA wanted new dwell- j ported that “the comeback of the
mgs, but by October, the call for ■ used house was the big news of
old houses had pulled up virtually j the meeting.”
even. - i NAREB has made no market
' Last month's applications, ar- survey of used houses since last
309 Market St. BUILDING MATERIALS Dial 8-4371
Sherwin-Williams will
CUSTOM-MIX
COLORS OF _ 1
YOUR CHOICE
Sajmi'F
-•* jp —Leader Photo* by M*ry AHca Lakey
NEW WEST ORANGE JUNIOR HIGH—Due for occupancy In 1955 is this brick building which
will house eight classrooms, two homemaking rooms, ,a library, general science room, typing depart-
ment, teachers lounge, tax assessor-collector and administrative offices. The junior high school and the
gymnasium as well as four new classrooms at the rear of the school to be occupied Dec. 1 are part of
an overall $475,000 building and expansion program. -
Local Construction Shows Increase
Orange’s construction picture Cooper Construction Co. took
took on a new look last week out the remaining permit for a
when permits totaling $201,8(12 more expensive home. They will
were issued bv City Building In- erect a three bedroom home with
spector J. W. Winfrey. two car garage at 29 North Knotty
Certificates for 20 new resi- pine for $15,000. ,
dences representing $180,000 in These, 20 permits brought the
construction accounted for most of total number of new homes to go
the week’s amount, which has up in the city of, Orange this year
been topped by only one other up to 191 costing an overall
week this year. During the week j amount of $1,681,225.
of March 15-20 a total of 26 per- ) H j L: stark was issued a $14.-
mits lor new homes costing a total | 5o0 certificate to install the glass
of $287,700 were issued. J and aluminum frame in. a green-
Ten of the permits for new house at 2001 West Park Ave.
dwellings taken out last week will I Only one business certificate
be three bedroom units with at-! was issued. It was taken out by
tached garages all costing $10,000 the Orange National Bank, 302
each and will be constructed on Fifth St., to install a neon sign
McKee drive by Zeto Development costing $800.
Co. Residential repairs and model--
704 Curtis St., add room. $700;
Arthur W. Olsehefski, 2328 Butler
Drive, enclose porch, $600; J. L.
Whitefield, 816 College, garage re-
pair*, $100; Dalton Perry, 504
Main St., awning repairs, $122;
and Eugene Holcomb, 2811 Butler
Drive, enclose porch, $165.
REMODEL
REPAIR
You select the color or colon you want from our color album,
and with scientific magic, our Color Eye measures and con
trols proportions precisely to make sure you get your colon
in the finish you specify . . . gloss, semi-gloss, satin or Bat. and
in the exact quantity you require.
Electric blender rule; cut raw
vegetables and fruits into small
pieces before putting them into
the blender container. If you are
planning to liquify the vegeta-
bles and fruits make sure you
add enough liquid to the blender
container to cover the agitator
blades.
TEMPLE CAN FINANCE MATERIALS
AND LABOR OR MATERIALS ONLY)
FREE ESTIMATES! TITLE I FINANCING AVA
Sherwin-Williams
703 DIVISION DIAL
kitchens, bathroonis and closet
spate up to modern standards.
Low Down Payment
The new Housing Act permits
a down payment of as low as 101
per cent On used houses, instead i
of the 20 per cent formerly re-1
quired, and authorizes mortgages j
running up to 30 years instead of
20. Under these terms banks and.
other private lenders appear to be
as ready to lend money on FHA-
insured or VA-guaranteed mort-
gages for used houses as for new,
an FHA spokesman said. There is
natural reluctance to lend if the
house is too old to be a good risk,
it was conceded, but the FHA val-
uation is designed to reflect the
age and condition of the dwelling.
Many complaints have peured in
on FHA for its recent slowness in
handling applications. The deluge
of requests for mortgage insurants-
since passage of the law, coupled
with new regulations designed by
Congress to protect home buyers,
resulted in formidable backlogs of
work accumulating in the agency’s
Residential repairs and nioder-
B & W Construction Co. was nizations came to a total of $6,462
next in line taking out nine cer- j for last week. Taking out these
tificates to construct new homes j permits were Clarence Buchanan,
in Roselawn Addition. Seven of j 1016 Mill St., to reroof home, $150;
the homes will be three bedroom j Jack Taylor, 1207 Wren Way to
units, two costing $7,500 and the I enclose porch with glass, $1,000; A.
other five costing $7,300. The other j Aaron, 209 5th St.v (remodel front
two dwellings will feature two | of residence, $3,500; Pete Lista,
bedrooms, one costing $6,500 and; 20 Cricle E, general repairs, $50:
the other $7,000. All ot the units Billie May Adams, 807-A Sholars
will have attached garages. St., repairs, $75; Jerry Richards,
PHONE 8-4379
111! PARK AVE.
LET US SUPPLY YOUR CONCRETE NEEDS
Also, Asphalt Paving for Driveways and Parking Areas
CONCRETE PRODUCTS CO
PHONE 8-5471 — (OLD AIRPORT ROAD) '
75 field offices.
Officials said the applications
are being handled in the order of
their filing, without discrimination
as between new and old houses.
WANT TO BUY OR
BUILD A HOME?
i For Details On A G.I.,
F.H.A. or Conventional Loans
See 1. D. JOINER
—No Obligation—
SELECT OR PLAN YOUR
NEW HOME IN
Westmont
Place
Orange's Newest and
Finest Housing Developmeni
3 BEDROOMS
With Central Heating Easily
Converted to Modern
YEAR 'ROUND
AIR-CONDITIONING
3-BEDROOMS wmmmmmm
$12,800 HI
i\M “
-REAL ESTATE LOANS—
>4 Main St. Pb. B-9381
...A COMPLETE
HOMEOWNERS DECORATION
SERVICE
Water Heater
Yon PAY for
your home
CINPIftqml
Remember the carefree days of your childhood?
Water heating is just os carefree when it s electric.
Hs modern features mean a sofe, dependable hot
water supply. Electric water heaters ore cleaner,
too, with no unsightly Rue to spoil the appearance
of your home. They’re designed for modem, care-
free living.
Shop now for your automatic cloctrk
e Formica Plastic
e Paint
-ile Wallpaper
e Wall Covering
e Inlaid Linoleum
e Asphalt Tile
e Rubber Tile ,
e Kenflex Vinyl Plastic
. . . and many other items all designed to brighten, beautify
and make your home more enjoyable. Come in now, brouse
around, and see the many wonderful decoration ideas available
to you.
Open daily from 8 a m. to 5 p.m.,
Saturdays 'til noon, or phone
6-2616 for evening or Sunday
appointments.
• Homes
■* USE OUR CONVENIENT CREDIT PUN. TAKE UP
TO 5 MONTHS TO PAY—NO INTEREST OR CAR-
RYING CHARGES.
W URGER JOBS FHA TITLE l-NO DOWN PAY-
MENT. UP TO 3 YEARS TO PAY.
• We shall be happy to recommend a skilled workman.
• Utility Bldgs.
Plana and Specifications
Available
SEE, CALL or WRITE:
ORANGE
featHerute
BLOCK CO.
W. W. BROWN, Owoer
Phone 8-2818
103 Western , (West Orange)
WKKTMOKT PLACE If
LOCATED IB B Bin
wooSrS am Jaat Bat
Wnt rark Arbh <OM
SlIlBlfll Highway I,
•aly fast blnki trmm
Saaa*t Oran Caaatry
CM.
GULF STATESutilities company
CHAS. ZETO & SONS
CONSTRUCTION CO.
Deveiopen and Builders of Belmont Park
Trecmont Terrace • Clairmont Place
Sherwin-Williams
703 DIVISION ;* DIAL
READY
MIXED
CONCRETE
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Browning, J. Cullen. The Orange Leader (Orange, Tex.), Vol. 52, No. 284, Ed. 1 Tuesday, November 16, 1954, newspaper, November 16, 1954; Orange, Texas. (https://texashistory.unt.edu/ark:/67531/metapth557913/m1/3/: accessed April 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Lamar State College – Orange.