EFS NEWS

Tough sledding is expected this winter for housing as $$ rates push higher. many fear recent home building gains will prove only to have been a short lived blip.. . the prime lending rate is moving up again: l4t/zo/o at presstime.

The most recent housing numbers (Sept.) were up for the 4th mo. in a row, to 1,544,00 on a seasonally adjusted annual basis, up 9o/o from Aug.,. single family starts rose 5o/0, while multis moved up 18.7010, bolstered by an unusual amount of federally-subsidized housing, which some saw as politically motivated. .

Encouroging signs: a 14.70/o increase in bldg. permits plus a strong increase in sales of used homes, which could mean strong new home sales despite high mortgage rates. housing analysts now see a stall, followed by a housing rebound in '81.

Bohemia, Inc. has agreed in principle to acquire substantially all the forest products operations of Wolley Enterprises, including Mt. Baldy Lumber, Yoncalla, Or., and Drain Plywood, Drain, Or., ro purchase price revealed. negotiations are underway by Moin International Forest Products, Fountain Valley, Ca., to acquire Cal Custom Mill, Santa Ana. Ca.

Nickerson Lumber, North Hollywood, C8., has been sold to a no. of key employees, Albert Foreman remains pres., Bill Nickerson plans to retire from the industry.

Constructing contracts are expected to be up 250/o in '81 from '80's anticipated $140.4 billion total. . Louisiana-PaciJic has permanently closed the venerable Berth 122 operation in Wilmington, Ca., it has expanded and updated its Berth 126 facility.

South Bay Forest Products has suffered a $l million fire at its Orange, Ca., facility, io machinery or bldg. damaged; fire burned ltA million feet; arson suspected. there was no interruption of business... Willamette Industries has switched the color it paints the end of its lumber from ereen to gold. .

RR industry deregulation is now law, observers expect a no. of .freight rales increases shortly. the median price for existing single family homes in Ca. is now over $100,000 for the lst time... in Hacienda Heights, a Los Angeles suburb, a new tract is abuilding, each of the 11 homes is over $1 million.

Louisiana-Pacific has reported lower 3rd quarter sales & earnings, as did Kaiser Cement and Potlatch. . Crown Zellerbach had lower 3rd quarter earnings with higher sales, Masonite had lower sales and earnings for its recently ended fiscal year. Willamette Industries' 3rd quarter sales were up l5o/o over the same period in '79, earnings advanced an impressive 330/0. .

Diamond International Corp. has purchased the Hardy Boys building centers in Sandpoint, Bonners Ferry and Hayden Lake, ld. .. Wickes Lumber Co. has a new retail store in North Las Vegas, Nv. Lawrence and Margaret Rohn. new owners of Bryant's Lumber, Laramie, Wy., haave changed the name to Greybull Hardware & Lumber.

Despite a strike, Bel-Air Door, Alhambra, Ca., has expanded and added product lines including a new d-i-y door program plus new equipment in their plant for prefitting and Prehangingdoors. Brand S Corp., Corvallis, Or., plans to either buy or build a new plywood mill in the Willamette ValleY to replace their mill recently razed bY fire. . . the lumber and hardware departments of Builders Center. Bellingham, Wa., have announced that they will go out of business.

Verlon McKinney Lumber Co., San Jose,Ca.,is a new hardwood wholesale company supplying Western distribution yards with imported and domestic hardwood. . Mission Forest Products has moved to larger quarters, 6127 B N. Blackstone. Fresno. Ca. 93705. . Oregon Lumber Export Co., after 25 years in downtown Portland, has moved to 450 AGC Center, Wilsonville, Or. 970"10.

California Sugar & Western Pine Agency has opened a Monterey, Ca., branch office and has moved to new facilities in Fresno, 1974 N. Gateway Blvd., 93727. Caffall Bros. Forest Products has moved to new quarters, 25260 SW Parkway, Wilsonville, Or. 97070.

J & W Redwood is a new Mira Mesa. Ca.. redwood retailer. Anderson Lumber Co., Ogden, Ut., has donated a lum' ber truck to the Weber State College skills center. Economy Lumber, Yuma, Az., is opening a new home center.

Palmer G. Lewis Co., Auburn, Wa., will expand into Id. with a warehouse in Boise, next month. Potlatch Corp. has agreed to buy approximately 93,000 acres of No. Id. timberland from the Milwaukee Land Co., price $134.8 million. .

Dutch Boylnc.,in a continuing reorganization effort, has sold certain assets of its coatings div. including brandname and trademark, to Sherwin Williams Co. .. U.S. Gypsum Co. is earmarking a record $140 million for 1980 capital expenditures.

Can be used under Fiber Glass! ,,#&{Bb Ready to use right out of the can, Famowood , ! lffJ i il, lf''Pi:il''':l i:'L:l Ii ?li :i,1 1!': applies like putty-sticks like glue; dries quickly; won't shrink; takes spirit stains, and will not gum up sander. Waterproof and weatherproof when properly applied. ge

National Building Material Distributors AssociationNov. 10-12, 29th annual fall convention, Washington Hilton, Washington, D.C.

Pacific Logging CongressNov. 10-12, MGM Grand Hotel. Reno. Nv.

Lumber Association of Southern CaliforniaNov. l2-15, 30th annual management conference, Palm Springs, Ca.

Northwest Hardwood AssociationNov. 12-16, 25th anniversary meeting, Royal Lahaina Resort, Maui, Hi.

North American Wholesale Lumber Association Regional MeetingsNov. 19, San Francisco, Ca.; Nov. 13, Portland, Or.; Nov. 12, Eugene, Or.

Emergency Conference on HousingNov. 13, Sacra.mento Community Center, Sacramento, Ca. Call (916) 444-6670, ext. 256 for information.

San Joaquin Valley Hoo-Hoo ClubNov. 14, golf and concat, Palm Lakes Golf and Country Club, Fresno, Ca.

Western Building Material Assn.Nov. l5-18, 77th annual convention/building products showcase, Portland Marriott Hotel, Portland, Or.

National Forest Products AssociationNov.'16-19. annual meeting, Marriott Hotel, Las Palmas, Palm Springs, Ca.

Western Wood Products Association SeminarNov. 19, Sacramento, Ca., Nov. 20, Sunnyvale, Ca.

Shasta-Cascade Hoo-Hoo ClubNov. 21, Red Bluff Night dinner dance, Wilcox Oaks Golf Club, Red Bluff, Ca.

Dubs Ltd. - Nov.21, Turkey Shoot, Peacock Gap Country Club. San Ralael. Ca.

December

Dubs Ltd. - Dec. 5, golf tournament, Castlewood Country Club. Pleasanton, Ca.

Industrial Safety rnd Health Division, Washington State Department of Lrbor and IndustriesDec. 9, seminar for wood products manufacturers, International Woodworkers of America Hall, Aberdeen, Wa.

Portland Wholesale Lumber AssociationDec. 19, annual Christmas party, Jantzen Beach Red Lion Motor Inn. Portland. Or.

January

California Lumber Inspection Service - Jan., 4th annual hardwood grading training school and clinic,.Fremont, Ca. Write fox 69-89, San .Iose, Ca., or phone (408) 297807 l.

Los Angeles Hoo-Hoo ClubJan. 9, Transportation Night, place to be announced.

National Housewares Manufacturers AssociationJan. 11-15, 74th semi-annual National Housewares Exposition. McCormick Place and McCormick Place West, Chibago, Il.

Shasta Cascade Hoo-Hoo ClubJan. 16, initiation, Riverview Golf and Country Club, Redding, Ca.

Lumber Merchrnts Association of Northern CaliforniaJan. 16-18, Management Seminar, Asilomar, Pacific Grove. Ca,

National Association of Home BuildersJan. 23-26, 37th annual convention and exposition, Las Vegas Convention Center, Las Vegas, Nv.

Californla Retail Hardware AssociationJan. 25-26. 80th annual convention and Western states hardware show, MGM Grand Hotel, Reno, Nv.