The Btgg"stlittle \4hrehouse inTe><as!

With Willamette building products to go.

Right smack dab in the middle of Dallas and Forr \i7orthdeep in the heart of Grand Prairie, at 1200 West N. Carrier Pky., to be exacrwe've got rhe biggest little warehouse in Gxas. And we're just waiting to fill your orders for top quality sheathing as well as studs.

!7e do all the warehousing for youso all you have to do is give us a call and give us your specs. Thenwhether it's a few units or a truckload - we'll have the goods on our dock ready and waiting for your prompt pick-up.

So when you're ready to save time and money - you're ready for the biggest little warehouse in Gxasl Phone us today at318-255-6258.

Willamette Industries. Inc.

Lumber and Plywood Sales Division

PO. Drawer 1100 Ruston, Louisiana 71270 rate of 1,850,(m units in 1987 still below the 2 million unit rate of 1978. Similarly, housing turnover has decreased from7.49o in l9t to 4.44h in 1982, with a turnover of only 6.390 forecast in 1987. The effective mortgage interest rate is forecast at 16.090 in 1982 and, despite the abatement in high interest rates in general, is expected to remain above the historical levels of 9.090-ll.39o of the 197G1979 period.

The average size of a new single family house, after increasing from 1,710 square feet in lg16 to 1,760 square feet in 1979, has decreased to less than 1,550 square feet in 19t2, with this trend towards smaller homes expected to oontinue.

The difficulty in obtaining neoessary financing may inhibit construction of new stores. The ability to find suitable sites within specific economic para: meters wi[ be hindered by the rising cosS of real estate and construction. As occupancy costs rise, a more selective ap proach must be utilized to ensure that the market potential justifies the investment.

(5)

An increase in home center competition as the industry expands puts pressure on gross margins and operating expenses as units strive to remain price competitive and maintain market share through additional advertising and promotions.

All in dl, we feel that while 1983 will not be the best of years for the home center industry, it willshowimprovement over 1982 as Reaganomics finally results in the beginning of the long-awaited economic r€covery. While in the long run certain home center operations wiU bc hampered by the negative factors noted above, particularly with resp€ct to new store construction and competition, the industry as a whole will do well over the foreseeable future.

Hardwood Future Brlghter

Optimism appeared to be a definite feeling among the 790 members of the National Hardwood Lumber Association as they met in Vancouver, 8.C., Canada, to conduct business, eled officers and listen to state of the industry messages.

John B. Veach, Jr., Veach-May-

Wilson, Inc., Alcoa, Tn., waselected