Et ltl0llTE tulflBEn c0.

Wholesale Yard Distribution of Douglas Fir-Redwood

Ponderosa and Sugar Pine

Record Volume o[ New Dwelling Units

The Federal Housing Adiminstration has been an important factor in the accomplishments of the private housing industry in producing a record volume of new dwelling units during 1947, according to Federal Housing Commissioner Franklin D. Richards.

Last year lending institutions filed mortgage insurance applications with the FHA involving more than 424,000 new housing units, and 162,000 units in existing structurqs.

The major portion of the applications covering new construction were filed under the provisions of the emergency legislation to provide housing for veterans, which is Title VI of the National Housing Act. Approximately 44 per cent of these involved rental ttnits, in line with the Adminstration's policy to encourage the construction of rental units so that families rvould not be compelled to buy a house in order to get shelter.

New housing units were being started under FHA inspection during the year 1947 at an average rate of 19,000 a month, Mr. Richards said. This is a record rate which even exceeds the previous volume of starts in 1941 when the program to house defense workers was in progress.

Yard and Ollice

510 Ea3t San Bcmardino Road EL MONTE, CALIFORNIA

Terephones, BUji:U 3:3333

Hqrdwood Flooring Output in 1947 Set All-Time Record

Chicago.-Output of hardwood flooring in the nation's major producing areas set an all-time annual record of approximately 620 million board feet in 1947, Allen Harris Jr., president of the National Oak Flooring Manufacturers' Association reported.

The figure, he said, is about double that of 1946 production and 36 million board feet greater than the previous record set in 1926. It includes unfinished and pre-finished flooring of oak, hard maple, beech, birch and pecan, all of which have been in short supply since 1942. Harris said there is a likelihood 1948 production may top last year's peak output by as much as 100 million board feet'

Chipmunks t'A Complctc Line of Forest Productstt

Lumber Company

Ponderosq Pine Sugcr Pine

Douglcs Fir Whire Fir

Plywood Redwood

Hqrdwoods

Spruce

Telephone: JEfierson 72Ol

Teletype: tA 48-X

Yord ond Office

23Ol Ecrst Nodeou Avenue

P. O. Box 266

Huntington Pork, Golifornio