Word: built
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Dates: during 1950-1959
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...Renaissance Popes did not stick at theological points in art matters, but avidly built up one of the world's richest collections of classical religious works, both,Roman and Greek. More courageous was their patronage of living masters for the greater glory of God. Among hundreds of other artists, the Popes had the wisdom to commission Leonardo, Raphael and Michelangelo. These three, as devout and exalted artists as ever lived, vied with one another in service to the Vatican. Among them they exemplified and gave the highest expression to the three facets of beauty as articulated by St. Thomas...
...rise in housing construction has a built-in problem. The pressure for mortgage money usually tightens the money market. So far this year, mortgage money has not had to compete seriously in the money market because business has kept its capital expansion low. But as home building picks up and improved business sends more firms to the money market, tighter money could take the bloom off the housing boom. Fortnight ago, the Federal National Mortgage Association reported that it purchased more mortgages in the first quarter of this year than ever before, indicating that banks and other lending institutions...
When John Long got out of the Army Air Corps in 1945, he and his wife Mary moved into a rented, one-bedroom house in a suburb of Phoenix, Ariz, while he built his own house. He worked on the new house for six months with Mary's help (she did the painting and finishing touches). When it was finished, Long got an offer for the house, sold it at a $4,300 profit. He and his wife set to work building another house, but they sold that one too-and the next, and the next. By last week...
...Models. With such imaginative merchandising, John Long last year built and sold 2,500 houses worth more than $30 million, shared the home-building record of the year with Miami's Mackle brothers, who build their houses for General Development Corp. (TIME, March 30). Unlike the Mackles and most other big builders, Long is building all his houses in a single location, plans to put up at least 8,000 more houses before Maryvale is completed. He offers new models every six months to attract customers. Says Long: "It's like retooling and offering new models...
...lesson soon after he began building: "It's easier and cheaper to do it yourself than to subcontract. And volume is the key to continued growth." Long hired his own crew, used every known labor-saving device, estimated his costs to the penny. In his first development, he built 134 houses for $7,400 each, cleared only about $350 on each. Then, in 1953, to take advantage of the 10% down payment introduced by Congress for $7,000-or-under houses during the Korean War, he lowered his sights to a $7,000 house, contented himself with...