Page:Walter Renton Ingalls - Current Economic Affairs (1924).pdf/95

Rh {| class="table horizborder cc cr"
 * - class="header"
 * Year
 * Cost per sq. ft.
 * Total cost new construction. Millions of dollars
 * Total new construction. Millions of sq. ft.
 * Total cost additions, alterations, repairs, etc. Millions of dollars
 * Total additions, alterations, etc., Millions of sq. ft.
 * Total U. S. construction, Millions of sq. ft.
 * 1909
 * $2.036&numsp;
 * $1,839
 * 903
 * $340
 * 167
 * 1,070
 * 1910
 * &numsp;2.101&numsp;
 * &numsp;1,745
 * 831
 * &numsp;336
 * 160
 * &numsp;991
 * 1911
 * &numsp;2.079&numsp;
 * &numsp;1,653
 * 795
 * &numsp;398
 * 191
 * &numsp;986
 * 1912
 * &numsp;2.144&numsp;
 * &numsp;1,782
 * 831
 * &numsp;391
 * 182
 * 1,013
 * 1913
 * &numsp;&numsp;2.166&numsp;
 * &numsp;1,587
 * 733
 * &numsp;468
 * 216
 * &numsp;949
 * 1914
 * &numsp;2.101&numsp;
 * &numsp;1,415
 * 673
 * &numsp;422
 * 201
 * &numsp;874
 * 1915
 * &numsp;2.144&numsp;
 * &numsp;1,305
 * 609
 * &numsp;351
 * 164
 * &numsp;773
 * 1916
 * &numsp;&numsp;2.491&numsp;
 * &numsp;1,750
 * 703
 * &numsp;578
 * 232
 * &numsp;935
 * 1917
 * &numsp;3.032&numsp;
 * &numsp;1,190
 * 392
 * &numsp;418
 * 138
 * &numsp;530
 * 1918
 * &numsp;3.357&numsp;
 * &numsp;&numsp;&numsp;658
 * 196
 * &numsp;312
 * &numsp;93
 * &numsp;289
 * 1919
 * &numsp;3.7158
 * &numsp;2,745
 * 739
 * &numsp;635
 * 171
 * &numsp;910
 * | 1920
 * &numsp;4.8494
 * &numsp;2,511
 * 518
 * &numsp;861
 * 178
 * &numsp;696
 * 1921
 * &numsp;4.8520
 * &numsp;2,498
 * 515
 * &numsp;770
 * 159
 * &numsp;674
 * 1922
 * &numsp;4.8027
 * &numsp;3,666
 * 763
 * }
 * &numsp;696
 * 1921
 * &numsp;4.8520
 * &numsp;2,498
 * 515
 * &numsp;770
 * 159
 * &numsp;674
 * 1922
 * &numsp;4.8027
 * &numsp;3,666
 * 763
 * }
 * 763
 * }
 * }
 * }
 * }

The building that we do annually is not of clear gain, for we are constantly losing old buildings by fire, obsolescence or demolition. A comparative study of the statistics of new building construction along with increased population shows that in late years the additions have fallen short of the requirements of the growth in population. In other words there has been a cumulative shortage. In my “Wealth and Income of the American People” I showed how there used to be normally a surplus of houses, and how the housing