Record remodeling in'87

By William T. Hausle Director, Market Planning Gold Bond Building Products

for the past two years from an annual rate of 2.7 million units to over 3.5 million units. This should provide a solid foundation for increased R&R expenditures as new owners make their homes more livable.

Last year saw expenditures on rental properties increase by 290/0.

Story at a Glance

R&R expenditures close to $88 billion...greater emphasis on maintenance and repairs. gypsum wallboard use expected to increase 10o/o.

This was three times the 9o/o increase in spending for owneroccupied homes. All signs point to this shift continuing for the next few years because of the growing surplus in apartments.

New apartments are being built faster than the demand for them is growing. And investors are rushing to complete units before the less favorable tax laws go into effect. Apartment vacancy rates hit an alltime high during 1986. Owners of older units will continue to spend more money on malntenance, upgrading and improvements to encourage tenants to stay in this renter's market.

Gypsum wallboard usage in the

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WesternSoftwoods, Mouldings & Millwork Agriorfturaf Wood ProduGts, Pl5nuood, Particleboard

Ponderoaa Plne, Sugar Pine, Hem-Fir, IDouglas Fir, Cedar and SI-P-F

LIIIVIBER: Robert Glatt' division mgr., JimHaas.

MILLWORK: Richard H. Mills (sac.a'e.to)

G.W. "Tack" Baker (el pu".)

Rosie Lopez

Exclusive sales agents for MCG Picture Frarnes €p Millwork Inc.. El Paso, Tx.

IVe are also pleased to be a West Coast area distibutor for CF€+I steel products as well.

BERGER & @MPAI\TY .' ta Conagra companyl J&ne IS -+\ L\TER\-.{TIO}--{ lCOMMODITIF,S TRADING ORGANZATION WITH OFFICES IN: San Francisco, Ca. (headquarters); Chicago, Il.; Colfax, Wa.; Fargo, N.D.; Filer, Id.; Grand Cayman, British West Indies; Santiago, Chile: London, England; Geneva, Switzerlandl Nicosia. Cyprus; Buenos Aires, Argentina; Moose Jaw, Canada; and Taipei, Taiwan.