NTWS BR[TTS

While concern e,risls over the efl'ects ol recent increases in the cost ot' money and their inevitable impact on homebuilding, many observers still see a continuing good leuel ol 6zsiness into at least the 4tlt quarter low vacancy rates, high cash levels at S&Ls plas a pent-up demand dating back over more than 2 Years of record high interest rates are seen {ueling the present pace of business .

Col-Pacifc Mf g. Co., Arcalao Calif., has been bought by Crorcrt Zellerbach, und Simpson Timlm Co.; details are scarce' Price undisclosed Marquart-W oLf e Lumber has taken over the olcl Arthur A. Pozzi Co. yard in Or' ange, Cali{., and are stocking it with inuentory

Ole's haue opened a 60,000 sq. ft. hardware-lumber store in Pasaclena, Calif., their Bth Dirnensional West plans a move next mo. to the Anaheim area and larger quarters for their door operation .

NLBMDA lrus been concentrQt' ing more of theil plannirrg acl-ion on better programs f or on-site low cost housing; current {ed. gov. regulation,s are a stumbling block . Poway Bldg. Supply, owned by Poway Lumber, is among nearly 10 tenants for the new mall, built in the small Calif. town by the owners of the lumber co.

"Guidelines" for their tech. liter' ature publications .

Despite a slilt of 2.4% in '\pril housing starts from Mar., the seasonally adjusted rate of 1,903,000 was 'u,ay alrcad ol last lear's I,224,000: most of the decline was in muitiple units, sirrgles were up, tt swilch, t'ront tlrc rccerut pattern . some economists hacl forecast a diP from the high no. of Mar. slarts

Home mortgage interest rates dropped again.6th mo. in a t'ow, a new 2 year low; conventional wisdom holds they are near trt bottom,ing out... the recent climb in near-term iuterest levels on $$ lending is seen by some as meaning another upward adiustment in the prime rate

Sinpson Timlrcr has accePled timber, 7BB acres and S783,850 in err'h.ange lor land taken t'rom them, il'68 for the reclwood nt'I. park; final settlement has yet to be reachecl . Marcor Inc. has sone into l)enaer with a $75 mil- 'iio,, projet:t to build low cost housing over the next 5-7 years ' ' helcl Compton, Calif., firm for an undisclosed amount of common strrck Acme ()encral Corp.. a bldrs. hardware firm, has moved its corp. I{Q to Pasadena, Calif., ,\nno Willisotr has started a new whole,.ale firm in Beveriy ilills, lJ:' t: ste:rn Pacifit' I' orest Products.

Denuer will be the new h,ome of Johns-N{anville; the move lrom their I'lew York ot't'ices should be comlrlete by Sept., '72 Silver Metal Proclucts, has expanded their l{ayrvard, Calif., Jrlant to 33,000 sq. ft. . Fleming Industrles, L.A., has a new 2nd.-home-market div., Wood' havenHomes...

Security Pacific Nt'I. Bank predicts the 9-county S.l-. BaY Areti s perso,n,al income should rise 6.5/o to $24.7 billion, well aboae the 6.1/o hike exPected for the \lrest as a whole ' recent Underwriters' Lab. tests have set nerc low fire hazarrl classifica' tions for redrvood lumber and reclwoocl Jrlywood

Particlcboard Production is expected to reach 2.3 billion sg. ft. -(:l/*" basis) this year, a I5/o in(reese over last year . . walnut trees have become so aaluuble in G.B. that a full grown tree now soes for about S2,400 . . Port' land's Western Forcstry' Center ol)erls this month; membershiPs are ol)cll in, 5 categories

A surrey l:y' Fortune Magazine found BB/o of the chief execs. of their list of 500 corporations think economic tond'itions nill continue improaing this year; no boom is anticipated, tho a reseurch-oriented brokerage firm is quoted by the Wall Street Iournal as looking for higher '71 earnings for forest products industry stocks, followed by about a lo/o industry profit rise in '72...

T um- A-Lurn Lumber C o., Hood River, Ore., hafl a good openinSl for their new Decorator Center, reports mgr. Bob Baker Sweets C&talos has introduced their l'ull prorluction {or lloise Cas' cade's LeGrande, Ore., particle' boortl plarut is expected before the end of this month . South' west Farest Industries' Phoenix, Ariz., mobile/module home plant is in limited production, completion is near ,

Sierra Pacif,c has acquired Johnson Sarvdust, a privately-

Dun & Bradstreet now has a research aid to help identify firms with their parent companies . . rlore than 250 patterns of wood moldings are available to the home picture framer mare than 2 million Americans will remodel their kitchens this year, according to an industry source, eachnew kitchen will represent an expenditure of between $3,000 to $20,000.

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