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RESIDENTIAL DWELLING UNITS BUILT IN THOUSANDS CONSTRUCTION BUILDING VOLUME AND MATERIALS AND LABOR COSTS MATERIAL AND LABOR INDEXES 1926 = 100 150 YEARLY AVERAGE 1922 - 1935 MONTHLY TOTALS JANUARY, 1936 TO DATE 125 . * MATERIAL PRICES •V SKILLED LABOR 100 NUMBER OF URBAN DWELLING UNITS BUILT NUMBER OF URBAN UNITS IN ONE AND TWO FAMILY STRUCTURES 1922*23 '24 '25 f26 '27 '28 f29 '30 f3l '32 '33 f 34 f35 J F M A M J J A S 0 N D- J F M A M J J A S 0 N D -1936-1937SOURCE:- RESIDENTIAL BUILDING - NATIONAL BUREAU OF ECONOMIC RESEARCH; FEDERAL HOUSING ADMINISTRATION WHOLESALE MATERIAL PRICES - BUREAU OF LABOR STATISTICS SKILLED LABOR RATES - ENGINEERING NEWS - RECORD FEDERAL HOUSING ADMINISTRATION DIVISION OF ECONOMICS AND STATISTICS CHART NO. 575 AB 50 RESIDENTIAL BUILDING VOLUME AND CONSTRUCTION MATERIALS AND LABOR COSTS Yearly^ 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 Number of Urban Dwelling Units Built (a) (Monthly Arerage) Index of TOiolesale Material Prices (*>) (i2£6=100) Index of Skilled Labor: Hourly Wage Rates (°) (1926-100) 4T,750 58,200 60,000 62,750 56,800 53,600 49,500 33,300 18,600 13,700 4,700 3,300 3,400 8,800 97.3 108.7 102.3 101.7 100.0 94.7 94.1 95.4 89.9 79.2 71.4 77.0 86.2 85.3 79.6 87.2 94.0 96.5 100.0 104.4 106.4 107.3 109.2 100.2 80.0 79.5 86.5 86.0 9,000 9,300 13,700 15,600 15,800 21,900 23,700 19,400 17,900 18,900 17,200 16,500 85.7 85.5 85.3 85.7 85.8 85.8 86.7 86.9 87.1 87.3 87.7 89.5 88.4 88.4 89.2 89.2 90.0 90.0 90.8 91.6 91.6 93.1 93.1 93.1 12,500 18,000 24,500 25,000 19,100 19,500 14,400 15,600 15,200 91.3 93.3 95.9 96.7 97.2 96.9 96.7 96.3 96.2 97.9 97.9 98.7 99.4 102,6 106.6 108.0 108.0 108.7 Monthly _1936 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC S-our o e : (a) National Bureau of EQonomic Research (b) Bureau of Labor S t a t i s t i c s (c) Engineering News-Record Federal Housing Administration Division of Economics and Statistics October 29, 1937 DESCRIPTION OF SERIES Number of Urbanr>jDwe 11 ing_Units Built This s e r i e s i s comprised of annual estimates, divided by twelve for the years 1922 t o 1935 inclusive so as t o place them on a comparable basis with the monthly figures from January 1936 to date* The yearly estimates from 1922 to 1935 inclusive are those of the National Bureau of Economic Research* The monthly figures from January 1936 to June 1937 were compiled by K. Cm Beede on the basis of estimates by six-month periods, prepared by the Bureau of Labor S t a t i s t i c s , The figures for July, August, and September 1937, were e s t i mated by assuming the same percentage change r e l a t i v e to a year ago in t o t a l urban building as occurred in some 1,500 reporting c i t i e s of 2,500 population and over. Index of^ Jflaolesale^ Buildiug Material^ Price£ This is the well-known series compiled by the Bureau of Labor S t a t i s t i c s as a part of i t s monthly price s t a t i s t i c s on 784 commodities• Index of Skilled Labor Hourly ¥/age Rates This index is based on the wage data reported monthly to the Engineering News-Record by correspondents in 20 principal c i t i e s of the United S t a t e s , The figures on skilled labor are computed from t h e average wages a c t u a l l y paid to carpenters, b r i c k l a y e r s , and s t r u c t u r a l iron workers, whether union or non-union or both.
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