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$e,.,Paek,, ivef,, ., Spokane, Wa., has been sold to the private investment partnership of Kohlberg, Kravis;,'r,"r,f,obefts & ',,,',.Co.,'N.Y., fur $ll5 million... a new eo.,W-I Forat Prodtxts, has been fstmgd ,,6, op*rate ,,,,f:l gip..'.r:Paci'fic N orth west mills. for details, see p.24,,.a:f this issue.

'''"' The prime lending rate, a critica! factor in ,:the financing,,rrof U,,,S. bu,sine$s, includlng m'ortgages for new homes, fta-r moved up 7 times in 5 ,weeks, i:i nory at arrfecord l3t/zo/o and may well be l3Tqo/o (or more) by the time you read this.

D€spite':the soaring cost of money, the pace of new hgusingr starl$agaia w*i,,',', remb,/kably , sr&fl$r' with'starts in Aug. down only slightly and bldg. permits for future construction up an ,,,,€oc,o'8,r'&gitg 601a.".' the sea"' son-l adjusted annual rate was 1,783,000, off 0.4%'., from,','.''the previous 66':'::and llo/o below the year earlier.

Single family starts were off i'l'ilo/0, at 1,209,000, while multifamily units bumped up a bit to 574,000,,',', in .the \ryest, housing staits declined, but bldg. permits were up slightly. mobile home production was downi'8.9% to a seasonally adjusted annual rate of ?57,000;l off 3.40lo fromthe year prevrous.

For 7 consecutive months the median resale home price in Ca. rose, as of July it was $84,999; the new home price is well over the $1ffi,000 median point in :,1,:::p136yi,r::piftS Of the .State ag in other areas of the West. July housing starts in Ca. were 222,000 units, up 2.30/o from June, but off 21.3% from the year earlier rate.

I, a u i s i a n* - Pa cifii anil,:.:::::fI I n t: kore,:d,irect0?g' have','ok'd th€ previoiisly announced acquisition of Flintkote by L-P. . Weyerhaeuser and Dixieline Lumber, San Diego, Ca., have completed their merger; Big W says it has no plans for a name or management change at Dixieline.

' Agreemenf,rrrrin prihCiple has bieen reached lor Product Ssles Co., Newport Beach, Ca., to acquire the distribution facilities of RyselLumber Sales in Orange, Ca.; no price was, revealed for tho. 3-11'8th acre facilities rhat include 12,000 sq. ft. of storage and offices and 4car RR spur. move-in begins nex,t mo.,iwith completion set for the lst of the year.

Baker Hardwood, San Diego, Ca., is moving in Feb. to a new 4-acre site; construction is proceeding now on their new ware' house, mill, office and yard. . . Spellman Hardwoods, Phoenix, Az., has a new 4 acre facility under construction that has 45,000 sq. ft. under roof, including a 24,000 sq. ft. masonry bldg.; it's their 4th move sincg '62. . :: : 'l':r::,,. '",,,,:::,;' .,ri..,,. r.l.ll'..,.'.

Eugene- Willamette Lumber Co., Eugene, Or., has opened a new So. Ca. sales office in Long Beach, Ca.; mgr. is Doug Lashmett. Forest Products Transportation, Ukiah, Ca., has expanded its service to include Or. and Nv., as well as Ca. .

Diamond International plans a new unit in Springfield, Or., in '80, with a new store for its Fort Collins, Co., :site.. Tum-ALum Lumber Co., Hood River, Or., has new property and plans to build a new facility next year; 20,000 sq. ft. on two acres.

Web Lumber, Redding, Cfl., suffered a $30,000 fire of unknown origin, Sept. 8, which destroyed 97,000 bd ft. of cedar. . . Andersonia Forest Products' Montana pine mill has gone on double shift.. Kaiser Cement plans a $3.5 million coal conversion project, step I in a $100 million expansion/ modernization of its Lucerne Valley, Ca., plant..

Farrell's Home & Garden Cenler, has a new 15,000 sq. ft. store, with 9,000 sq. ft. of storage and 10,000 sq. ft. of nursery at its 6 acre Sonoma, Ca., site. Central Valley Builders Supply, St. Helena, Ca., recently opened a new 42,000 sq. ft. facility with 18,000 sq. ft. of retail space and 2,400 sq. ft. of offices. ..

Lumber Dealerc Materials Co., the Palmer G. Lewis Co. subsidiary, has had an open house for its new warehouse & office. Redding, Ca.; it has 20,000 sq. ft., is on 2.75 acres and is just down the street from the old , lOCAtiOn. .

Jeny's Building Center, Eugene, Or., hasbeen narned Ace Hardware Dealer of the year by both Rockwell Tools International and Action Leather Craft Products. . . 84 Lumber says it will drop plans for a Beaumont, Ca., store if local authorities won't relax fire regs.

October

Architectural Aluminum Manufacturers Assn.-Oct. 1418, 43rd annual convention, Hotel Del Coronado, San Diego, Ca.

National Hardwood Lumber Assn.-Oct. 15-17, 82nd annual convention, Royal York Hotel, Toronto, Ontario, Canada.

North American Wholesale Lumber Assn.Oct. 17 & 18, Regional Meetings. Oct. 17, Seattle, Wa.; Oct. 17, Eugene, Or.; October 18, Medford, Or.; and Oct. 18, Portland, Or.

Humboldt Hoo-Hoo Club-Oct. 19, election night, Scotia Inn, Eureka, Ca.

Montana Hardware & Implement Assn.Oct. 25-27, convention,Sheraton Inn, Great Falls, Mt. Dubs Ltd.-Oct. 26, lumbermen's golf tourney, Carmel Valley Country Club, Carmel, Ca.

Los Angeles Hoo Hoo ClubOct. 26-28, Coronado family weekend outing, Del Coronado Hotel, Coronado, (San Diego) Ca.

Forest History Society-Oct.27-ZE, annual meeting, Santa Cruz, Ca.

Pacific Southwest Hardware Assn.-Oct. 28-31, management institute '79, Doubletee Inn, Monterey, Ca.

Noyember

National Building Material Distributors Assn.-Nov. 3-7, 28th annual fall convention, Hyatt Regency, New Orleans, La.

North American Wholesale Lumber Assn.Nov. 7-E, Regional meetings. Nov. 7, San Francisco, Ca.; Nov. 8, Los Angeles, Ca.

Lumber Association of Southern CaliforniaNov. 7-8, Fall education program. Contact LASC for details (213) 483-6450.

Northwest Hardwood Assn.Nov. 8-9, annual meeting, Marriott Hotel and Tennis Club, Newport Beach, Ca. cific Lossine ConsressNov. 8-10. 70th PLC and L Pacific Logging Congress 8-10, ging Equipment Show, Hilton Hote Shc iseum. Portland. Or. lseum,

- Nov. 8-10, PLC and LogHotel & Memorial Col-

American Lumber Standards Committee - Nov. 9, committee meeting, Los Angeles, Ca.

Woodworking Machinery & Furniture Supply FairNov. 9-11, Los Angeles, Ca.

Western Building Material Assn.-Nov. l0-13, 76th annual convention and show. Thunderbird Motor Inn, Jantzen Beach (Portland), Or.

National Electrical Manufacturers Assn.-Nov.11-14, annual meeting, Fairmont Hotel, Denver, Co.

National Forest Products Assn.-Nov. 11'14, annual meeting, Ranchos Los Palmas, Palm Springs, Ca.

National Association of Furniture Mfrs.Nov. 14'17, meeting, Las Vegas, Nv.

Lumber Association of Southern CaliforniaNov. 14-17, 29th annual management conference, The Spa Hotel, Palm Springs, Ca.

Dubs Ltd. -Nov. 16, turkey shoot, Peacock Gap. Call Knute Weidman for directions (415) 342-4178.

December

Western Forestry and Conservation AssociationDec. 47, annual meeting, Sheraton-Spokane, Spokane, Wa. Los Angeles Hoo Hoo Club - Dec. 7, pre-Christmas bash, raffle, and concat, La Canada Country Club, La Canada, Ca.