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Show The Park Record Section A Thursday, March 25, 1 993 D Page A9 Soaring lumber prices drive up housing costs Prospective home buyers as well as consumers planning home improvements or remodeling jobs are feeling the pinch from lumber prices that have skyrocketed 90 percent in five months, according to the National Association of Home Builders (NAHB). J. Roger Glunt, president of NAHB, speaking at a press conference, said the Clinton Administration , and Congress should move quickly to reverse rapidly rising lumber prices that have increased the cost of building a typical home by about$4,500. "We're not just talking about a seasonal increase. We're talking about the highest prices ever recorded," he added. As of Friday, March 5, the price of 1,000 board-feet board-feet of framing lumber stood at $474, according to the Random Lengths Composite Index. Glunt, appearing with Mark Rey of the American Forest and Paper Association and Denny Scott of the United Brotherhood of Carpenters and Joiners of America, said the skyrocketing cost of lumber was identified as the most critical issue facing the housing industry by the 60,000 delegates attending NAHB's convention in Las Vegas late last month. "There is no question that these higher lumber prices are making housing less affordable and are disrupting the housing market," he said. "Other things being equal, a $4,500 price increase would price about 127,000 buyers of new and existing homes out of the market." NAHB is urging President Clinton to convene a timber summit to address the growing conflict between overly restrictive environmental laws and regulations and the nation's need for natural resources on federally owned lands. "We urge the President to hold the summit as soon as possible and to include builder representatives as major players in that discussion," said Glunt, noting that new residential construction and the remodeling and repair business account for about two thirds of all the softwood lumber sold annually. "In addition, the Administration can move quickly to eliminate the 6.5 percent countervailing duty on lumber imported from Canada and to order the salvage sales of dead or dying timber on federal lands," Glunt added. "Over the long term, the Administration and the Congress will have to reform the Endangered Species Act, specifically requiring the government to take into account economic impacts-such as job losses and housing cost increases." Without immediate action, the supply of lumber will continue to decrease, pushing prices even higher and threatening shortages, Glunt warned. Glunt also refuted claims by some environmental groups that the current high prices are merely the result of higher demand. In 1992, housing starts totaled 1.2 million units. NAHB is forecasting 1.32 million units in 1993 and lumber demand is projected to grow from approximately 45.3 billion board-feet board-feet in 1992 to 48 billion in 1993. . "This is still a very modest housing rebound," he said. "The 18 percent increase in housing starts reported in 1992 is well below the 61 percent increase in housing production reported in 1983 and the 1.32 million housing starts forecast for 1993 is well below housing production levels of the 1980s when housing units were started at an annual rate above 1.6 million for five consecutive years." Demand for 48 billion board-feet of lumber in 1993 is also well below the peak of 50.5 billion board-feet sold in 1987. "Clearly, constraints on supply-not supply-not increases in demand-are chiefly responsible for sending prices sky-high," sky-high," Glunt added. Using conservative assumptions about wood use in housing construction and other categories, softwood lumber demand is expected to climb to 51 billion board-feet in 1994 and 54 billion board-feet in 1995. "Under current federal policies, we can anticipate oniy greater volatility in price and supply of lumber for the forseeable future," he said. Army offers bonuses to qualified nurses jut- Buy Iwo ScanJia Fealher Pillows for one low price! All other Scandia pillows are 25 off! Sale continues through April 16. 1993. SCANDIA DOWN COME FEEL THE SCANDIA DIFFERENCE Crossroads Plaza 50 S. Main Street S.L.C. Utah 84144 (801)322-2667 For a limited time, the U.S. Army is offering a bonus of up to $8,000 and accelerated promotion to the rank of Specialist to Licensed Practical Nurses and Licensed Vocational Nurses who qualify. In addition, Licensed PracticalVocational Nurses may receive up to $25,200 from the Army College Fund and Montgomery G.I. Bill for college. Licensed PracticalVocational Nurses with college loans to pay off may qualify for up to $55,000 in repayment benefits through the Army's Loan Repayment Program. "This is an outstanding educational opportunity for Licensed Practical and Vocational Nurses interested in continuing their professional nursing career. It offers rapid promotion, a cash bonus and a significant financial boost for continuing education," said Lt. Col. Valerie Rosenberg, Brigade Army Nurse Corps Staff Officer with the Army's 6th Recruiting Brigade. "Licensed Practical and Vocational Nurses in the Army are critical members of the Army Medical Department team," according to Rosenberg. "They work in demanding clinical, teaching and administrative assignments." Qualified Licensed PracticalVocational Nurses may also apply for the Army Enlisted Commissioning Program. If accepted, they receive full pay and allowances while they study for a Baccalaureate Degree in Nursing. All college expenses are paid. Upon graduation, they are eligible to be commissioned as an Army Nurse Corps Officer. For additional information, interested individuals can contact SSG Christie or SFC Miller at (801) 355-0494. Who What Where When Park Record uHUUuyuuuuuguuuuHUUuyuuuuyyujj a Free Report Reveals n 3 10 WAYS TO BEAT CD'S! n a a rj a a a a rj rj a a a find out what your banker would prefer you didn't know. Call 1-800-998-3599, 24 hours for a free recorded message to receive your free report. E D D D E C D C C C D D D E3HHHHHE3HHnHHnHBHHHHHHBHHnHBHHD VIEWS, VIEWS, VIEWS HOT TUB ON DECK 1 1 rnjf - v 4 JCJF 'I I I if j-4 ; St V Two Westridge lots on approx. .5 acre each. Views of Park Meadows Golf Course & Park City Ski Area. All utilities are in. These choice lots are being offered far below comparable lots in West Ridge $125,000-$127,000. 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Retrieve messagesfaxes from anywhere. 24 hours per day, 7 days per week service. INTRODUCTORY LOW PRICE OF.r ;C ' ONLY$14.00MONTH CALL NOW 654-1055 VOICEMAIL LETTERS FROM THE FOODLORN Dear Jeaa Luc, Please don't take this the wrong way u " "a3 it anymore, if nay I lovingly you reallu u. j .. lu pxease rr suggest you call Cuisine of Park rttv rn. "'..??" class schedule h' li' . lney 11 9lve Cise y" need to know. and everything tod Jean Luc, just one more thing who is Helga? . 9" All My Love, m aim I jmy a w bf- In Park City and other locations outside Salt Lake call 1-800-597-7165 In Salt Lake City call 322-3824 Offering Hope for the Foodlorn (Perfect for ski widows and widowers) .Statewide UNDING IS GOING TO MOVE. . . On March 29, 1993 We will be at the new address. . . 1881 Prospector Avenue Park City, Utah 84060 The phone number remains. . . 649-3300 We are also pleased to announce that Statewide Funding provided 33.6 million dollars in financing in 1992 in the Park City area. 1 FRIDAY MARCH 26 ill T PLACE Private dub. AND LIL B The hip hoppiN DEEjAy SATURDAY MARCH 27 -REGGAE YOU CAN SPIN TO! TME 8750 REGGAE wiTh BLIZZARD OF AAAH'S STARS RASTA STEVIE AND GEOFF STUMR LivE fROM TdluRidE ANd (or one NiqhT ONty! Doors open 8pM Z PLACE PRIVATE CLUB IS FOR OUR MEMBERS Z PLACE ARCADE FeatlrInq BowIInq, Vkfco Games ANd Pod IaUes Is open to Tk public 7 dAys a wttk as follows: OPEN 2 PM MONDAY - FRIDAY OPEN NOON SATURDAY & SUNDAY FOR A GOOD TIME CALL 645 9722 Alph Cofkt Cavy Avd Deli dbw5TUR5 fciuJvq honrmuk xp wtdwidfs And bfikid qoods |
