H(|(lN SERVICE PIY G(l.

LUMBEBMAN Steve Freeman, who is also a licensed, sometime Sea Captain and occasional skipper of the handsome ketch you see here, has been working to raise money to save the 68' square-rigged "Argus." Belonging to the Sea Sc0uts of Newport Beach, Ca., where Freeman has his wholesale lumber firm, the ship now needs $8000 for insurance and Coast Guard repairs t0 bring it into compliance with maritime law. The Scouts and other concerned citizens are working hard to save the picturesque vessel and will welcome anv donations.

McDONALD

(Continued from page 27) result, the denrand for hardwood plywood, should increase this year as people move up in f urnishing the record number of new honres bought over the past few years. Consunrer tastes are turning to the natural, which in furniture means wood: and so the increase in demand lbr wood furniture is likely to outstrip the increase in dernand for furniture of otirer mate rial s.

Where to Buy Hardwrxttl Plywood and Veneer, published by HPMA, lists species of hardwood plywood and veneer, as well as specialty itenrs available. Copies rnay be obtained gratis by contacting HPMA, Box 6246, Arlington, Ya.22206.

One of the major contributions of HPMA to the industry lies in the development of product standards and testing progralns to assure the continued use of hardwood plywood products in markets which have conre under increasing buiiding code regulations.

I IBUILD-

ING has traditionally accounted for the lion's share of California's new construction when compared with nonresidential building. During the first 9 months of 1977, for example, residential building permit valuations accounted for ovet 70% of the Western state's total new construction.

1977 also revealed California's recent home price spiral to be a temporary disparity between home prices and incomes which was brought about by an imbalance between supply of and demand for housing.

Economic assumptions affecting the homebuilding outlook in the West's biggest state contain both positive and negative implications. Fundamental demand inherent in the age composition and mobility of the population is expected to support high levels of homebuilding activity. The large number of teenagers in the resident population should sustain housing demand beyond the fore-