TWIN HARBORS I.UMBER GOMPANY

Aberdeen, Wqshington

Mqnufqcturers ond Distributors of West Coasi Foresl Producfs

525 Boord of Trode Bldg. PORTIAND 4, OREGON Phone ATwoter 4142

MENTO PARK

Bob lVlcrcfie, Jim Rossmqn 1618 El Cqmino Reol

DAvenport 4-2525

ENT. l-0036 from Boy Areo & Son Jose

Co lif ornio Representolives

503 Professioncl Bldg. EUREKA, CATIFORNIA Hillside 3-1674 tos ANGELES 15

C. P. Henry & Co. 714 W, Olympic Blvd. Rfchmond 9-6524 Rfchmond 9-6525

Spectoculor Home-Building Records Reveqled for Counfies Neighboring Los Angeles; Oronge County ls rhe Leoder

ltesiclential building activity, a major sustaining element in Southern California during the business adjustment of 1953-54, is accounting for a signilicant portion of the present upu.ard trend, the Itesearch department of the SecurityFirst National Bank recently disclosed. I)uring the first quarter of 1955, building permits rvere issued in record volume in Southern California. Dlvelling urrits u'ere at a rate of 160,000 per year for the l4-county area, ll/o above last year's actual total, u'hich starts 1955 as the tenth consecutive year of high-level, home-building activity in the atea.

Tabulations by the U. S. Bureau of I-abor Statistics reveal tl.rat for the year 1954, metropolitan Los Angeles ranked first among n.retropolitan areas of the U. S. in nnmber of nerv cln'elling units built, follol'ed by Nen. York City, Chic:rgo ar-rd l)etroit.

Los Angeles County's 1954 total ol 87,2(t9 nelv drvelling ur-ritsexceeded the total of any state except California itself. More l.romes were built in this one connty than in all of Neu' York state or all of Texas.

Neighboring Orange County's spectacular rate of 23,500 neu' homes per year, rvith its population of 350,0O0 apparently grorving by 50,000 per year, exceeded the 1954 totals of all but 11 of the .18 states.

in 1954, residential building averaged 6 2/3 netr. du'elling units per thousand population for the U. S. as a u-hole. For Scrtrthern California, the averag'e was l\f per thou- sand. The most active counties in t1.re are:t. l'ith nerv dwelling units per thousand in 1954, were:

Orange, (r0; S:rn Bernardino. 29; Itiverside,22; Ventrrra, 17; Los Angeles, 17; Kern, 14; San l)iego, 14, ancl Fresno, 13. The bank noted that Orange County homebuildir-rg is tu'ice as high, relatively, as in any other countv in Southern California. The researchers said it is significant that the greatest relative activity is in the counties in.rtnedilrtelv surrounding I-os Angeles.

Oronge County Building Homes Af Rqte of 23,5OO Per Yeqr

Santa Ana, Calif.-Constmction of neu, honres in C)rangc county is proceeding at a rate ()f 23,500 units pgr year, revealed'Walter Elieson, Los -A,ngeles heacl of the Li. S. Department of Cornmerce. "The number rif homes built in Orange county last year exceedecl the number built in all but 1l of the United States." he said. "Ilusiness is better this year in Southern California and in the errtire nation than it has ever been before, and there is every sign that it rvill be better next \-ear." he said June 2.5. Elieson preclicted that 500,000 neu-home units r.vill be built in Southern California betu'een norv and 19(t0.

Iluena Park, California's building pace set arr all-time record in April rvith permits at $5,697,736.