OONSOLIDATBD LI]NIBBB OO. Yard, I)oeks andPlanin$ Mill

Wilmingtonr California

LOS ANGEI^ES 7

122 West Jefferson St. Rlchmond 2141

Announces New Appointments

E. L. Bruce, Jr., president of E. L. Bruce Co., announces the following promotions in the Bruce organization: F. R. Bruce appointed Assistant to the President; W. H. Garner appointed manager, Memphis plant.

F. R. Bruce started 'ivith the company in 1926. In 1945 he was made manager of the Bruce Memphis'plant, which position he held until his appointment as Assistant to the President. He is the son of the late Frank E. Bruce, former Bruce vice president.

W. H. Garner, the nerv Memphis plant manager, joined the company in 1930. He was made production superintendent of the Memphis plant in 1945.

Custom-Cut Building Logs

Glenn Log and Lumber Co., Big Bear Lake, Calif., are now featuring custom-cut tongue and groove building logs as well as a complete line of lumber, building supplies and hardware. Glenn Widmark is orvner, and Larry Spaulding, former navy flier, is his assistant.

Installs New Lumber Drier

Minton Lumber Co., Mountain View, Calif., has installed a new lumber drier which features low pressure steam at temperatures varying from 120 to 160 degrees Fahrenheit. Lumber suitable for stronger work and finer construction results from the circulation of the heated air through the lumber piled in a special way in the drier.

Wholesale to Lumber Yards

Sash - Windows

Gasgments - Dootsr etc.

Rounds Trading Company

(Successors to Kilpatrick & Company)

Dcelcrs in Forest Productr

Douglcrs Fir-Redwood

Cedar-Spruce

Genercrl Offics

FHA Title ll Home Financins

With the expiration of Title VI on April 30, there has been a swing .back to Title II insured financing for the construction of new dwelling units in the one- to fourfamily project group as evidenced by the months of May and June 1948, the period when only Title II was in effect, according to John E. McGovern, Los Angeles, director, Southern California District, Federal Housing Administration.

Title II,. the basic program of the FHA, which became operative when the National Housing Act was passed in 1934, has been in continuous use since that time. With the enactment of Title VI, the E,mergency Housing Program, Title II was pushed to second place because of the more liberal financing terms under Title VI, which were designed to encourage builders to quickly meet the housing shortage throughout the Nation.

During May and June of this year, 2,411 applications for the construction of approximately 2,628 dwelling units were received by the Los Angeles FHA office, covering new construction loans to be insured by the FHA under Title II, or approxima.tely three and one-half times the 694 applications received during the first four months of 1948.

In addition to the new construction applications received by the Los Angeles FHA office in this same two months period, 1153 applications for insurance of loans under Title II on existing properties lvere received. For the past four months there has been a steady substantial volume over and above the monthly volume for the two previous years. The 1947 monthly high was 468 applications for 541 units, and the 1946 high, 414 for 463 units.

Under both Titles II and VI, a total ol 14,937 dwelling units was placed under construction during the first six months of this year; or nearly two and a quarter times the 6,782 units started in this area during the first six months ol 1947, Mr. McGovern reports. Included in the six-month volume of starts for 1948 are 672 dwellings in the one- tofour-family group under Title II; 9,851 units in the oneto four-family structures financed under Title VI, Sec. 603; and 4,414 in rental housing projects under Sec. 608, Title II.

This record volume of starts includes only those properties financed under Titles II and VI, for which first ,compliance inspections by the local FHA office have been made.