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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
National Community Builders
National Community Builders Ltd
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