GiECIFIG'IA-PACIFIE CALIF'ORNIA WAREIIOUSES

Complete stocks. . . strategically located for convenient, business for the day a^nd the beginning of an evening of fun, dinner dancing and entertainment.

Tudsdayapbil 26

A third Panel session, this time including an erchitect, a builder and a lender, led off the last day of the convention. Francis Brown' editor of Western Building, moderated the Panel, which included Robert Stevens, AIA, Fresno; Stanloy ['ugman, a Fresno home builder; a^nd C. E. McOarthy, vice-president of real estate loan development for the Bank of America.in San F rancisco.

McCarthy predicted a "high level" of business throughout the balance of this year, with business spending on the increase. However, the San X'rancisco banker felt that "all indications point to less inflow of savings." Thus, comtnercial banks will be forced to decrease mortgage commitments, he said.

But, on the plus side, McCarthy noted that pension funds offer a large heretofore untapped reservoir of mortgage money. For the balance of 1960, McCarthy predicted little change in the present tight-money situation and the continuarxce of high interest rates, even in the face of the coming November elections'

Fugrnan, a custom home buililer of reputo ln the Fresno aroa, put "Bervlco" at the top of his list when asked from the floor whst he oonsldered the most importont thlng buililers expoct from tho lumber dea,len Stevens, surprisingly enough for his profession, went even further when he stated that "The architect has a responsibility to work with you" (the dealer).

"Sfhon I wrlte up my lurnber speclffcotlonsr" ho sald, 'I call my lumber dealer because he lsrows more about lumber and many building materials than I do. there's just no excuse (and we're still quoting) for an archltect to mls-speclfy lumber grade6."

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A further sug'gestion for his profession, and one which his firm has adopted, is a "limited service" plan which Stevens has developed, where the small home builder can g'et custom home-designing minus all the "extras" obtained under the usual 10lo retaininS: fee. Although the archit'ect would not actually visit the building site and oversee the job, the builder could still have a custom-home desig'n for as little as $350 for a $25,000 home under Stevens' "limited-service" plan.