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Scottsdale Progress in Scottsdale, Arizona

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Newspaper

Scottsdale Progress

Location

Scottsdale, Arizona, United States of America

Date

May 19, 1973

Page

7

Senate panel backs export ceilings on log and lumber

The Senate Banking Committee voted 10 to 2 to cap log exports at 2.25 billion board feet and lumber at 1.2 billion board feet for three years starting July 1. The plan, extending through 1975 and 1976 unless changed, aims to keep supplies steady and prices down for U.S. builders. Japan and the U.S. also agreed on voluntary lumber import quotas for fiscal 1974.

Washington UPI Senate Banking Committee U.S Japan Secretary of Commerce Robert Packwood R-Ore Adlai Stevenson III D-Nl United States Masayoshi Ohira Ohira

Builders warn housing pipeline for low income families shrinking

George C. Martin of the NAHB warns the pipeline for low and moderate income housing is emptying as subsidy programs pause. He notes the HUD study and calls for federal involvement in housing finance, citing Section 235 236 and Farmers Home 502 programs and the threat of rising interest rates and a looming credit crunch.

George C. Martin National Association of Home Builders Martin National Forest Products Association Department of Housing and Urban Development Farmers Home HUD NAHB

California firm reports $2 million loss in 1972

National Community Builders a San Diego based property builder posted a net loss of $2,093,902 or $2.07 per share on revenues of $24,646,546 for the year ended December 31 1972. 1971 earnings were $781,050 on $20,230,226 in revenue after restating figures due to the dissolution of National Community Builders Ltd. A first quarter update showed a $26,793 profit for 1971 versus a $172,206 loss or 15 cents per share on $2,315,209 in revenue for 1972.

National Community Builders National Community Builders Ltd

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