THtr ARIZONA SGtrNtr

By FRAltlK DAVIS SecretaryManager

tnHE National Lumber and Building Nla' f terial Dealers Association recently con' ducted a husiness conditions survey among its federated associations. The Arizona Association responded to the survey rvith abot 45/o of our dealers reporting. The comparisons of Arizona with the national average is shown below in the categories listed:

Volume o! Business: lirst eight'months of 1969 compared rvith first eight months of 1968 for dealers:

Arizona up-\2ck down-2Zo/o same-26%a

Nat. Avg. q-57ck down-26/a same-|7Vo

I)ollar l/olume ol Inaentory: Sept. I, 1969

Arizona mor e--657o less-l3o/r same-22'/c

Nat. Avg. more-467c less-2lc/r same-337r

Net Profits: first eight months 1969:

Arizona higher-4&/o lower-3$Vc sante-22c/c

Nat. Avg. higher-3S% lower-AUVc same-2|Vr

,4ccounts Receiuable: September 1, 1969 compared with September l, 1968 {or dealers:

Arizona hieher-S0% lower-2\Vo same-2|Vo

Nat. Avg. higher-S0% lower-267a same-2LVo

Collections ol Accounts lor Deolers: Arizona satis.-$4/o slower than last yr.-l6Vo Nat. Avg. satis.-63% slou-er than lastyr.-\l/o

Oterall P resent Const ruction : Arizona ad,.3lok scarce 44/o avail. at dis.26% Nat. Avg. good-I8% Iair-S4Vc poor-2BVc

I'unds lor Home Mortgage Loans: Arizona ad.30/c scarce60Ta avail. at dis.24% Nat. Avg. ad.l6% scarce 607. avail. at dis.24Vo

Yours truly has been constantly in contact with our members regarding business conditions and the over all report has been good. Most dealer's volume is holding at a high level although the tight money situ' ation is affecting some areas.

I recently discussed the housing situation with one of the larger realtors in Phoenix and he related that the demand for housing was up and supply short with the apartment vacancy ratio at its lowest point ever.