l, W;ll;om. Bo"h Co*pana

- lnporters and BrokcrsPLYWOOD & LUMBER From the Orient a 1996 West Washington Bln:d. KEpubkc 1-8726 O Los Angeles 78, Californb

bui,ldins permit has been issrued, or, in areas without building perm,it sys,tems, construot'ion has st'a,nted. Th'us, where sales have occur,red 'in advance of the time at wh'ich they can be included in the survey, the s,ales wrill not becorne know,n un'til t,he permits are issued or co'nstruotion st'arrted in nonpermit areas.

For rthe one-family homes in'tended for sal.e, preli,rninary figures ind,icate first quarrter sales of 110,000 houses that were completed, or wer,e e,ither under constru.c't.ion or for whic,h bu,ilding perrnits ,had been issued by t,he end of Ap,ril. Additional firs't quarter.sales will be reporrtted in coming rnonths, con,sis,ting of home's srold in adl'ance of the ,issuance of bu,ild.ing pe'rmits .olthe start of constnrctrio,n. About half of the firs,t quanter sales represent homes aurthorized or starrted in 1961.

At the end of April 1962, some 213,000 homes intended for sale had been authorized by build,ing pe.rmits, or started in n,onpermit areas, b,u,t remained unso,ld. They con.siste<l of 55,000 that had been completed, 138,000 under construction, and 20000 not yet staflt'ed.

Among the total number of homes sold in the first quarter, 68 percent were sold for under $20,000 and 30 percen,t art higher pnices. Prices were not repoited on 2 percent of the horrne sold.

Among the homes whioh remained unsold at th'e end of Aplil, prices unde,r $20,000 were reported for 56 per cent, higher pr,ices for 33 percent, and price was n'ot reported for 11 percent.

Arn,ong the ,homes sold with Government-insured ,mortg,age finan,cing during the first q,uarrte'r, app,roximately two-thirds were valued under $17,500. Conversely, two-third,s of the ,conventionally-financed homes were sold a,t pr,ices ,of $17,5m ,orr more. For homes sold wirthout mortgage finanoing (cash), slightly les,s than one-half were pri,ced above $17,500.

Half of the hornes so'ld with mortgagJe finanoing wer'e finan,ced under Governmen't insuranc€ progr?m,s. Among Lthose ho'rnes sold for less than $17,500, FHA and VA financing predominarted. Among those home,s sold at prices above tihat level, conventional financing was used more extensively than the Government-insured types. Conventional financing characte,rized more than ,threefo'urths of homes sold for $25,000 or m.ore. In conrtrast, FHAinsured ,rnortgages ac'coun,ted for only 4 percent and VA-guaranteed mortgages for 2 percent of the h'ornes t,hat were sold for $25,000 o,r more. T'he ba'lance in thi's price cat€gory either had no report as to type of fin,ancing or were ,sold on an all cash barsis. The furll report, Serie,s C25-1, Sales of New One-Family Holnes, January-April 1962, presents m,ore d,etailed info,rm,ation on sales and on t,he numbe'r of homes that are under consttruction or recently com. pleted and are still on the market. Futurre reports on th'is subject will oontinue to be identified as rthe 'C25 ser'ies.

Woshsble Block Ceiling Altroctive lo Homemnker

Washable ceilings that never need painting have a definite appeal to .maintenance.minde'd homern,akers, especially when the b ock material can be color-keyed to t,he roo'm's derco'r. D'eale'rs featuring washable Marlite block for kitchen and batrhroom ce,iling,s have found ready ,266gp1ance because of the paneling's resist'ance to heat and moistture. In addition, the tongue-and-groove blocks are easy to handle an,d home handymen can install them wirthout help. Althougth white is the most popular ceil,ing c,olor, ma,ny h'omeowners a're cho'e ing light paste,ls to blend witrh the room's d'ominant color scherne. A l,ight aqua ceiling, for instance, accerlts woodgrain wall paneling and creates a d'istinctive interi,cr.

FLOtlRING

PIRSONAI,S

Popular Ed Dursteler, Van Nuys, California, wholesale lumbe.r execu,tive, and wife Elva, vacationed during July ,in Hawaii. This time they reported a wonderful trip-,no rough seas.

Abe Jackson, IJnion Lumber Company I-os Angeles executive, and his wife, spent their vacation at Yosernite playing golf and being lazy. During his stay at the summer resort Abe visited the home offices of the firm at For.t Bragg for the annual meeting of top level sales executives from the east and west.

Glen Seitz, sales manager Diamond National Lumber Oo.. and his ass,istant Bob Mosby were in Los Angeles las,t month introducing Bill Kofford who has taken the southern district manager's post formerly he,ld by Mo,sby. Mosby has been assigned new duties at the home office it was said.

Tom Marquart, Marquart Millwo,rk Co., Oshkosh, Wis., and his family visited the

West Coast last rnonth, including the Seattle Fair, San Francisco, Disneyland, Hollywood and Horace WolJe. Wife, Audrey and children Nancy, Marylyn and Robert rtook care of the sightsee,ing while Tom visited wi,th lumber fr'iends.

Bob Roberts, and family, Fortuna, CaLifornia spent part of their vacation l,as't rnonth boating at N'ewpont and having fun ,on the beach. Bob is sales manager of Bee River Lumber Company and he was visiting wi,tftr Sterling Wolfe of Marquar,t-Wo1fe, Los Angeles wholesale distributing concern.

Carl and Mary Gavotto, San Diego Luanber folks, will leave next month for Rome, Italy, to visit with son Robert.

Phil Kelty, I B M C sales, Torrance, California, witrh his wife Mary and daughter Linda spent the first part of August touring the Black Hills of South Dakota. Educartional for the entire family.

Paul Sink, headman Mason Supplies, Los Angeles, spent the middle week of July on bu,siness in Canada. Immed,iately upon his return he and his wife Mary departed for Ralboa where they spent 10 days lazing and

Eand tVltLlTS, CAtlt. Specializing in on-rhe-iob deliveries for Northern Cqliforniq decrlers

sunning on the beach. Boating on the bay and bending the elbow were also included in the vacation.

Summer visitors to Europe are Mr. and Mrs. Larry Henderson of Ana,heim, California. La"rry served ars delegate to the Lions Club International Conven'tion held in Nice, France in June; following ,that rthe Hendersons planned a five week tour of Europe.

Larry was recently appoinrted assistant general manager for Ward & Harrington Lumber Company, Santa Ana.

Willi.ts Redwood Produdts woods boss, Oscar Knivila, ha's jurst returned .to the job after several weeks hosoitalization and recuperation at home.

Black Diamond Lumber Company's Mead Kibbey and the f,amily vacartioned in Canada the las't two weeks of July.

Vic Roth, owner of Triangle Lumber Company, Kensingrton, pulled himself away from wholesale lumber for the first two weeks of this month for a farnily vaca,tiodr in ,Canada and rthe Pacific Northwest.

Fee'l safe last 'mon'th? Well, that's because "Smilin"' Bob Macfie w,as putting in his r r i l. two weeks with the USNR somewherc out thar' ira the vast Pacific. Bob is associarted w,irh Bob Kilgonc in a S,an Rafael wholesale lumber operatiorn.

Byron Taylor, Taylor Millwo.rk, and Harry Pulaski, H. A. Pulaski, I'nc., Irwindale, recently retu,r'ned from a trip rthrough the rugged backwoo.ds country in Utah on thoir trusty steeds, an Inrternational Scout and a Jeep.

Merle Shantz, Citiz.ens Lum,ber Company, Selma, vacationed in the No,nthwest the last two weeks of July, the object of his aftections the Seattle World's Fair.

Bob Crqs and family ('includin,g dog & cat) returned home last month from a vaoation in the Northwest where they took in the

Sea,ttle Fair and did the s,ig:hts at Victoria, B. C. Bob is a partner in Selma Lu,mbe'r & Hardn'ood with Rich B€nnett.

Jack Carlow, Ca;rlow Compa.ny exe,cutive, Los Angeles, rhas started h.is campaign sup- porting his fiavorite candidates ,in rthe Novernber election. It appears Jack ,is a derno,crat.

Roy Stantcr Jr., Lloyd Webb, Fred Losch and Wally Martine, E. J. Stanton & Son, Inc., Los Angeles, speadinrg a week at Crawford's Ranch, Mendinoino County, huruting deer and anything else they can s.hoot. These experienced hunters bagged the limit when they vi,s,it Clawfords.

Sid Simmons, headma.n of Simmons Hardwood Lumber,Co., Downey, on a motorman's holiday to Longview, Wash,ing,ton, during the first parn ei August, visi'ting his producing m'ills in that area and getting in some fishing. ?????

Roy Stillwell, general manager S'immons Hardwood Lutnbe,r Co., Downey, back in ci,rculation following major surgery las,t noonth at Hrarriman-Jones Hosp,ital in Long Beach. He is recuperat'ing on ,the job and doing 6ne.

Before .building.! ground-hugging wood patio deck, it's a glod idea to first poison the soil to eliminate plant growth. For added protection, aover the ground surface with a 2-inch layer of gravel. This will also allow g5od drainage.