TRAVCO, INC.

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Fin"

tinue at record levels. Nationwide, supplies of building materials should be adequate, with increased plant capacity and high productivity preventing all but minor or spot shortages. Construction costs are expected to continue to rise moderately. Prospects are that private construction outlays in 1956 w'ill total about the same as in 1955-$31 billion. Public spending for new construction is expected to advance 9c/a to $131 billion.

It now appears that about 1,150,000 new private nonfarm dwelling units will be started this year. This compares with an earlier estimate of 1,200,000 for 1956, and a 1955 total of 1,310,000. On a seasonally adjusted basis, private starts during the first five months of this year were at an antrual rate slightly below 1,150,000. The proiect $1394 billion of expenditures on privately owned new dwelling unit construction in 1956-8/' below the $l5-billion record level of 1955reflects a partial offsetting of the effects of the anticipated l2/o drop in dwelling units started by a rise in construction costs and a continuing trend toward larger homes with more quality features.

The decline in new homebuilding is expected to be greater than previously anticipated because funds for long-term, low downpayment mortgages at low interest rates, have remained relatively scarce for a longer period than was foreseen last November.

$8 fnillion in Sqn Diego Permits

San Diego, Calif.-Building permits totaling 1,536 in valuaticrn of $8,476,149 were issued here in June, of which 582 were for dwellings including eight apartment buildings. Improvements accounted for 7O2 permits at $886,669.

Bonitz Nqmed Generol Monoger For

Regol Door Cornpony

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New 'Beoutyguord' Seol

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Joe Tardy

WHOIESAIE IUMBER ond Commission Broker ff you wont me personolly, coll LUdlow l-O77g; ff onyone of Angelus HordwoodlUdlow 7-616g

I want a good MILL col,rJ..ion thar can furnish good Fir Dimension-Good Studs-and good Fir Boards, and I arn not hard to deal u'ith. ihalne a., outlet for plenty of rhis if I arn COMPETITIVE_ and I haven't had a credit loss in twenrv vears.