& KELLER LUffTBER CO.

Wholesole Division

Housing Slqrls In October 1962

During October 1962, the number of privately owned housing units started (nonfarm and farm) was at a seasonally adjusted annual rate of I,497,W0 units, up 17 percent over the revised September L962 rate of 1,278,000 units and up 4 percent over the revised October 1961 rate of 1,443,000 units, according to preliminary estimates of the Bureau of the Census, U. S. Department of Commerce.

Part of the increase in October may result from the relatively ^,hrg" number of working days in October 1962. As indicated last month, part of the September 1962 decline in housing starts may have resulted from the relatively small number of working days in September. The housing starts series does not now include a special adjustment for working days. When sufficient experience with the current series accumulates, such an adjrrstment may be adopted.

Construction was begun on 131,500 privately and publicly owned housing units in October 1962, compared with the revised totals of 114,200 in September and 129,900 in October l96L The 129,100 privately owned units begun in October 1962 were up 15 percent over the revised total of II2,700 in September and up 3 percent over the revised October 1961 total of 124,800 units.

Nonfarm housing units totaled 128,600 units in October 1962, up 15 percent over the revised September total of 111,60O units, and only slightly higher than the revised October 196I total of l27,4OO units. Private nonfarm starts of L26,200 in October 1962 were up 15 percent over the revised September level and 3 percent greater than the October 196l total. After adjustment for seasonal variation, private nonfarm starts were at an annual rate of 1,463,000 units, up 17 percent over the revised September rate of 1,25O000 and 4 percent higher than the revised October 196l rate of 1.413.000.

El Monte, Colifornio

Private housing starts in October 1962 were higher than in September in most regions. After adjustment for seasonal variation, private starts were up 33 percent in both the South and the North Central regions, up 8 percent in the West, but down 14 percent in the Northeast.

Building permit authorizations for new privately owned housing units, on a seasonally adjusted annual basis, were down 2 percent in October 1962 from the preceding month. In October, the 10,000 places with local building permit systems authorized the construction of 106,312 new private units, equivalent to a seasonally adjusted annual rate of l,169,fi)0 units. In Septcmbe5,;"1 these places authorized the construction of 95,937 new irivatii l'' units, equivalent to I,192,000 units on a seasonally adjusted annual rate basis. The seasonal adjustment of the building permit statis= tics takes into account the number of working days per month.

Coe Monufocturing lo Represent Litzler in lhe West

The Coe Manufacturing Company, Painesville, Ohio, has assumed western representation {or the C. A. Litzler Co., Inc., 235 Brookpart Road, Cleveland. Ohio, it was announced today by Frank W. Milbourn, Jr., President of Coe. Coe will market Litzler wide and narrow width laminating equipment in the western states including California, Washington, Oregon, Idaho, Montana and the province of British Columbia in Canada.

Coe, a world pioneer in the manufacture of roller dryers and veneer machinery for the lumber and woodworking industry was established over one hundred years ago. HeaCquarters and main offices are in Painesville. Their second plant is in Portland, Oregon. Their plywood machinery is in use throughout the world. Thus, their knowledge, experience and technical person-