Los Angeles Club 2 Opens Yeor Wirh'Olympic Gomes' Night

Los Angeles Hoo-Hoo Club 2 members, guests and friends gathered at Fox Hills Country Club, September 7, to open the 1956-57 season with a gala golf tournament and dinner party. Attending the "kick-ofr" affair were 67 "hard-hitting" golfers and 138 hungry lumbermen were on hand for dinner.

Don L. Braley, brancl-r manager, U. S. Plywood Corp.. Los Angeles, was chairman of the evening entertainment and carried through on the theme, "Olympic Games Nite," by having as his guest speaker-Mel Patton, 1948 and 1952 world champion of the Olympics, famous sprinter from the University of Southern California, former head coach Long Beach City College, and athletic director of Wichita, Kansas, University.

To emphasize his fine talk on athletics in general, and the Olympic competition in particular, Patton used several reels of beautiful color film of the 1952 'track and Field Olympic Games from the library of the Helms Foundation, which were loaned to the club for the evening. He stressed the importance of sports competition in our daily lives on the local, national and international levels. Superiority of the American youth in all sports is an important factor in our diplomatic relations rvith the nations of the world during these unsettled times, he said.

Braley and Patton were both given a fine round of applause by the "Black Cats" for such a splendid presentation of the sports picture in general and the impending Olympic Games to be held in Australia. The fine program rvas truly well received by the members.

As usual, "Chuck" Lember, popular secretary-treasurer of the fraternal organization, was out with his crew handling the business affairs of the club. Through his effort, several fine door prizes were presented to "lucky" holders of the right tickets. Chuck always picks his attendance awards with an eye to the future and this feature of the meeting gives every person present an opportunity to take a 'rvorthwhile gift home to the missus.

Roy Stanton, Sr., past Snark of thc Universe, gave a short resume on the progress of building the rvoodworking shop at LeRoy Boys' Home in LaVerne.

Some material is still needed to bring this project to definite conclusion and Rex Oxford and Larry Weiland will pick up anything available for this worthy cause at any yard in the greater Los Angeles area.

Snark Jim Forgie and Chairman Braley then turned the meeting over to Harvey Koll and Harry Boand for the arvarding of the golf prizes. The winner of the low gross trophy was George Bradica, of the System Planing Mill, rvho shot a 78 and won permanent possession of the E. J, Stanton & Son cup.

In the first flight, Spud Jordan placed first with a net 68 and took home the T. M. Cobb trophy. George Wilson

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N. A. H. B. CALLS FOR, GOVER,NMENT ACTION

Ioseph, B. Hazterstick, president ot' the Nationalf;Association of Home Buclders, said that the national offi.cers and the Policy committee of the association hus authorized, the follozuing statement dealing with the present criti.cal shortage of mortgage money.

The Congress of the United States, in repeated legislative acts dating from the mid-1930's and always under strong bi-partisan support, has developed certain broad policies affecting the production of American housing. These same laws have stated clearly and thoughtfully certain basic responsibilities which the federal government has undertaken to make certain that under a partnership arrangement with private industry the housing needs of all Americans will be given primary attention.

It is our belief that these objectives have become obscured. We are now living in an economy in which the Congressional goal of "a decent home and a suitable living environment for every American family" is being ignored. Today, housing l-ras suffered seriously as a result of the policies of our money managers whose concern is limited to the niceties of economic

Ncrtionol Home Builders Coll for " Fosl Aciion" on Decline in 1956 Housing Storts

' Washington-A minimum drop of 250,000 housing starts during 1956, at a cost of more than $3 billion to the national economy, was foreseen by John M. Dickerman, executive director of the National Association of Home Builders, largely as a result of credit restrictions and "tight" mortgage money.

"The annual rate is now dropping to close to one million starts as compared with the million and onethird new units produced in 1955," Dickerman said. "And yet the Administration persists in maintaining the credit controls imposed under completely different conditions a year ago."

Dickerman referred to the requirement of a minimum2/o down payment for GI home loans and the increase in FHA minimum down payments from 5 to 7/o imposed by formulae and the cold-blooded equation of money supply and money demand. the Administration in July maximum repayment period reduced from 30 to 25 years, January.

The time has come-in fact, the time has passedfor the home-building industry to state in the most vigorous terms at its command that the government must reaffirm its fundbmental belief in the objectives of our federal housing legislation.

We call on our government to shape its policies and so administer them that our housing objectives become a living reality, not a pious statement.

Expressed simply, we believe that America must pursue its housing'policy with the same vigor it has been pursuing its money policy.

The National Association of Ilome Builders proposes that government, which is directly responsible for this critical situation, convene a conference at the earliest possible moment to develop ways of providing prompt corrective action. Such a conference should include representatives at the highest level of the United States Treasury Department; the Federal Reserve Board; the President's Council of Economic Advisors, and the Housing Agencies.

At the same time the GI and FHA loans was this rvas abandoned last

"There has been a great deal of discussion about removing the 2/o requirement," Dickerman said, "but conversation is not halting the skid in housing starts. What lve need is action, and fast."

The NAHB official noted that housing starts have been dropping steadily since the credit restrictions were impos6d.

"As a matter of fact," he said, "the industry pointed out at the time of the restrictions that the housing market was adjusting itself following an exceptiohal upturn in starts and that controls imposed by the government were completely unnecessary. Events since have more than justified our position."

Private housing starts during the first six months of this year totaled 559,000-down 126,000 from a year ago. Unless checked, an even lower volume is anticipated for the balance of the year if present trends persist. This