Word: builders
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...middle-income apartment houses are being built because operators and builders no longer find such structures attractive investments. City land is expensive, and an office building or luxury apartment offers better returns. Today's investor in a middle-income apartment building often clears only 4% after taxes, no more than he could make on a high-grade bond. When a builder does start out to construct a middle-income building, climbing costs of labor and materials often force him to end up charging monthly rentals beyond the reach of the middle-income family-up to $100 a room...
...Most builders were cheered by the changes. Said Levittown Builder William J. Levitt: "The new terms are a healthy stimulant to housing. They will enable the homebuilding industry to pull out of its nose dive starting right now, and housing starts should climb well over the 1,000,000 mark next year...
...engineers and government experts surveyed the wreckage, rescue workers dug through the rubble. The scene of deepest disaster, a collapsed apartment building at Avenida Alvaro Obregón and Calle Frontera, which claimed the lives of 33 of its 45 residents, sent Builder Idel Rosenfelt to jail on charges of negligence, i.e., using poor cement. Many of the city's survivors would have to learn to live permanently with tragedy. One woman, who was dug free after lying huddled for 27 hours with the bodies of her husband and baby, went...
...financed DEW line cost $500 million and more than a score of lives, mostly fliers who crashed in the gigantic airlift of men and materials to the several dozen radar sites. Last week the main builder, Western Electric Co., turned the line over to International Telephone and Telegraph Corp., which will operate it. Manning the remote outposts are 1,000 technicians, nearly 80% of them Canadians. The DEW-liners are confident that no invading aircraft can pass them undetected. In preliminary trials, even birds set the alarm bells ringing...
BATH'S CIRCUS AND ROYAL CRESCENT, finished within six years of the Place de la Concorde, was one of Britain's supreme building triumphs. It resulted from the combined efforts of an unknown road builder, architect and artist named John Wood and his son John Wood Jr., who had taken over the cramped, run-down town of Bath, site of an ancient Roman spa, and rebuilt it into a showpiece of Georgian architecture and a prime example of unified English town planning. The younger Wood's supreme gambit was to take one elliptical segment of the oval...