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Usual system in building an Honor Bilt home is to insist that the lot be free from liens, then to accept it as a 25% equity in the total cost, Sears, Roebuck furnishing the rest on a first-mortgage payable monthly for 15 years. Investigations of prospective customers are made and no home will be sold which is considered beyond the prospect's means. Family budgets are also furnished. The lumber is sent readycut and marked, labor furnished from the locality (until this year, labor was not included). The homes vary from three to nine rooms, cost from...

Author: /time Magazine | Title: Business & Finance: Honor Bilt | 11/10/1930 | See Source »

...Mount Vernon home and in two wings, the plans of which were completed last week. A U. S. firm has been awarded the construction contract, an award surprising to persons who have not followed developments in the home-building fields. Builder of Mount Vernon for France will be Sears, Roebuck & Co., potent Chicago mail-order house...

Author: /time Magazine | Title: Business & Finance: Honor Bilt | 11/10/1930 | See Source »

...Sears, Roebuck's entrance into home-building was first thought of about 18 years ago by Chairman Julius Rosenwald. In charge of the department at present is Harvey Louis Harris, 36, whose father was one of the Harris Bros, whose firm demolished the Chicago World's Columbian Exposition (1892) and St. Louis Louisiana Purchase Exposition (1904) buildings. Under the trade-mark of Honor Bilt homes, Sears, Roebuck's activity in this field is growing every year...

Author: /time Magazine | Title: Business & Finance: Honor Bilt | 11/10/1930 | See Source »

Another building activity was announced last month when Sears, Roebuck said it had $5,000,000 to finance remodeling in the New York area on a 10%-down, eight-months or more-to-pay basis. In 1929 its sales of building material and equipment through all outlets came...

Author: /time Magazine | Title: Business & Finance: Honor Bilt | 11/10/1930 | See Source »

...three tycoons were gathered together last week, they made speeches about the state-of-the-nation, all as optimistic as possible (see p. 18). Most important gathering was the Seventh Conference of Major Industries, in Chicago. Most arresting contribution there came from President Robert Elkington Wood of Sears, Roebuck & Co. He recited the following little-realized facts, significant to students of the nation's buying power...

Author: /time Magazine | Title: Business & Finance: Statistic-of-the-Week | 11/3/1930 | See Source »

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