SEASON'S GREETINGS

F. P. BAUGH S. D. BEA\IER WANREN HERZOG

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BERT W. LeCRONE IIM NAY WATTER FRANCK MCK WHITIINGTON

FHA Mortgage Insurance Applications Largest in Volume Since March

Washington, Nov. 20-Applications for mortgage insurance received by insuring offices of the Federal Housing Administration during October covered 45,073 dwelling units, the largest volume reported in any month since March, Commissioner Franklin D. Richards announced today.

More than half this volume of applications, covering 25,355 units, was for financing the construction of new homes and apartments, Mr. Richards said. He added that this also is the largest volume since March and 3,253 units above September.

Included in the new ,construction figures for September were 18,348 units in structures for one to four families, all to be financed under the regular provisions of the National Housing Act (Section 203 of Title II and Title I Class 3).

Applications covering rental housing involved 7,ffi7 units, of which 408 were under the regular provisions of Section N7, Title fI, and 6,599 under the recently revived emergency provisions of Section 608, Title VI.

An additional 2,SgI new units were covered in previously rejected Section 608 cases which were reopened.

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