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San Francisco.-Real estate, home building, and home financing were on the program of the 65th founders'anniversary convention of tl-re California Savings and Loan League which opened here September 12, reported Neill Davis, executive vice-president.

Savings and loan associations are, traditionally, the largest institutional home lenders in the U. S., with a national average of 37/o. It was announced at the convention, however, by President Stuart Davis, Oakland, that Southern California's savings associations have topped the national average and are doing 42/o of all home financing, adding that associations in Los Angeles, Orange, Riverside and San Bernardino counties are reaching the $3 billion mark.

NAHB President Earl W. Smith addressed the meeting, at which panel discussions were highlighted. It was announced at the convention that many savings and loan associations have now raised the amortization period on conventional loans.

John F. Marten, officer of the Whittier (Calif.) Savings and Loan Association, said that demand for homes continues strong in Los Angeles and Orange counties, with vacancies lower in Southern California than other metropolitan areas of the U. S. He said he believes new family formations and the continuous influx of new residents there indicate a high-building rate at least through the first half of 1956.

"Home construction is nolv about 1,300,@0 units annually," Marten said, "and, due to this high rate, building costs should stay close to present levels. Consequently, new

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