ArKt N s L &cO.

Housing for Elderly Studied

A market for 150,000 privately-built rental housing units a year for elderly persons is possible and practical, declared Carl T. Mitnick, New Jersey builder, presiding as cochairman of a conference, "llousing Our Senior Citizens," at the National Housing Center.

"Given the proper modifications in present Federal financing, legislation, and a clear understanding by private builders of .the meaning and intent of the so-called 'nonprofit' provisions of FHA regulations, home builders are ready and able to construct much of the housing needed by our senior citizens," said Mitnick, who has built a large number of homes for elderly persons in North Cape May, New Jersey.

The market for housing for the elderly is large and on the increase, stated M. Carter McFarland, assistant administrator of the Housing and Home Finance Agency. Describing the market for homes for the elderly, he pointed out that 14 million Americans-one and over, and that by 1978 this or one in every 10. in every lZ-are now 65 figure will top 22 million,

fhree Firms Hike Floor Tile Prices

New York, N. Y.-Armstrong Cork Co., The Flintkote Co., and Congoleum-Nairn will increase the price of asphalt and vinyl asbestos floor tiles effective July l. Johns-Manville and Mastic Tile Corp. of America said they were considering price increases. Kentile, Inc. had made no decision on the higher prices. Armstrong expected to raise base mill prices about 3/o "to offset depressed prices and constantly rising costs," Flintkote's raise was expected to be 3fu/o and Congoleum was to raise "somewhat." The vinyl tile flooring industry last changed its price lists in July 1957 wlren prices were cut about l0%. At the same time, Armstrong said it would cut the price of its more expensive allvirryl tiles about 6/o on July 1.