The prospects for building construction in American cities . 1905 1910 1915 1920 Diagram 3.—Millions of dollars worth of building permits granted in 50 citieseach year from 1900 through 1921, after figures have been converted to what theywould have been if costs of building had been at the 1913 level during entireperiod rapidly until it reached S44 in 1905 and then fluctuated until1916, when it was $34. At this point the serious shortagebegan to develop. In 1917 the per capita amount fell to $18,and in 1918 to $9. The three years since then have shownincreases, but the totals have been far bel
The prospects for building construction in American cities . 1905 1910 1915 1920 Diagram 3.—Millions of dollars worth of building permits granted in 50 citieseach year from 1900 through 1921, after figures have been converted to what theywould have been if costs of building had been at the 1913 level during entireperiod rapidly until it reached S44 in 1905 and then fluctuated until1916, when it was $34. At this point the serious shortagebegan to develop. In 1917 the per capita amount fell to $18,and in 1918 to $9. The three years since then have shownincreases, but the totals have been far below normal through Diagram 4 there is a heavy slanting line. [13] This indicates the estimated normal amount of building overthis period. It is a line drawn by the mathematical methodof least squares, and it is based on the data for the years from1900 through 1916. It may be defined as a line that representsmore accurately than could any other line that might be drawn. 1900 1905 1910 1515 1920 Diagram 4.—Value of building permits per capita of population for 50 cities eachyear from 1900 through 1921 after data have been converted to 1913 cost Mne shows general trend from 1900 through 1916 the general trend of the irregular series of amounts indicatedby the columns for the years from 1900 through 1916. At itsright hand end this line has been extended in a dashed fine andthe difference between the columns from 1916 on, and theheight of this line above the base, is taken to show the amount [14] of the existing building shortage at the beginning of 1922. Thedetailed figures on which the diagrams for the 50 cities arebased are given in Table 4. TABLE 4—VALUE OF BUILDING PERMITS IN MILLIONS OF DOLLARSIN 50 CITIES EACH YEAR FROM 1900 THROUGH 1921, THEIRVALUE CONVERTED TO THE BASIS OF THE COST OF BUILD-ING IN 1913, AND THEIR VALUE PER CAPITA OF POPULATIONEACH YEAR ON THE 1913 COST BASIS Year Value ofbuilding permits Value of building perm
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Keywords: ., bookcentury1900, bookdecade1920, booksubjectbuildin, bookyear1922
