[Economic Report of the President (1996)]
[Administration of William J. Clinton]
[Online through the Government Publishing Office, www.gpo.gov]

[DOCID: f:erp_b71._]
Economic Report of the President - - - - - - - - - - - - H. Doc. 104-161
[From the online service of the U.S. Government Printing Office]
[wais.access.gpo.gov]


Table B-71.--Mortgage debt outstanding by type of property and of financing, 1940-95
[Billions of dollars]
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Nonfarm properties                       Nonfarm properties by type of mortgage
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Government underwritten          Conventional \2\
All        Farm                                               -----------------------------------------------------------
End of year or quarter                       properties  properties           1- to 4-    Multi-    Commercial                1- to 4-family houses
Total    family     family                         ------------------------------              1- to
houses   properties  properties    Total              FHA        VA        Total   4-family
\1\     Total   insured  guaranteed            houses
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1940.............................................................       36.5        6.5       30.0      17.4        5.7        6.9         2.3      2.3      2.3  ..........      27.7      15.1
1941.............................................................       37.6        6.4       31.2      18.4        5.9        7.0         3.0      3.0      3.0  ..........      28.2      15.4
1942.............................................................       36.7        6.0       30.8      18.2        5.8        6.7         3.7      3.7      3.7  ..........      27.1      14.5
1943.............................................................       35.3        5.4       29.9      17.8        5.8        6.3         4.1      4.1      4.1  ..........      25.8      13.7
1944.............................................................       34.7        4.9       29.7      17.9        5.6        6.2         4.2      4.2      4.2  ..........      25.5      13.7
1945.............................................................       35.5        4.8       30.8      18.6        5.7        6.4         4.3      4.3      4.1        0.2       26.5      14.3
1946.............................................................       41.8        4.9       36.9      23.0        6.1        7.7         6.3      6.1      3.7        2.4       30.6      16.9
1947.............................................................       48.9        5.1       43.9      28.2        6.6        9.1         9.8      9.3      3.8        5.5       34.1      18.9
1948.............................................................       56.2        5.3       50.9      33.3        7.5       10.2        13.6     12.5      5.3        7.2       37.3      20.8
1949.............................................................       62.7        5.6       57.1      37.6        8.6       10.8        17.1     15.0      6.9        8.1       40.0      22.6

1950.............................................................       72.8        6.1       66.7      45.2       10.1       11.5        22.1     18.8      8.5       10.3       44.7      26.3
1951.............................................................       82.3        6.7       75.6      51.7       11.5       12.5        26.6     22.9      9.7       13.2       49.1      28.9
1952.............................................................       91.4        7.2       84.2      58.5       12.3       13.4        29.3     25.4     10.8       14.6       54.9      33.2
1953.............................................................      101.3        7.7       93.6      66.1       12.9       14.5        32.1     28.1     12.0       16.1       61.5      38.0
1954.............................................................      113.7        8.2      105.4      75.7       13.5       16.3        36.2     32.1     12.8       19.3       69.3      43.6
1955.............................................................      129.9        9.0      120.9      88.2       14.3       18.3        42.9     38.9     14.3       24.6       78.0      49.3
1956.............................................................      144.5        9.8      134.6      99.0       14.9       20.7        47.8     43.9     15.5       28.4       86.8      55.1
1957.............................................................      156.5       10.4      146.1     107.6       15.3       23.2        51.6     47.2     16.5       30.7       94.6      60.4
1958.............................................................      171.8       11.1      160.7     117.7       16.8       26.1        55.2     50.1     19.7       30.4      105.5      67.6
1959.............................................................      190.8       12.1      178.7     130.9       18.7       29.2        59.3     53.8     23.8       30.0      119.4      77.0

1960.............................................................      207.5       12.8      194.7     141.9       20.3       32.4        62.3     56.4     26.7       29.7      132.3      85.5
1961.............................................................      228.0       13.9      214.1     154.6       23.0       36.5        65.6     59.1     29.5       29.6      148.5      95.5
1962.............................................................      251.4       15.2      236.2     169.3       25.8       41.1        69.4     62.2     32.3       29.9      166.9     107.1
1963.............................................................      278.5       16.8      261.7     186.4       29.0       46.2        73.4     65.9     35.0       30.9      188.2     120.5
1964.............................................................      305.9       18.9      287.0     203.4       33.6       50.0        77.2     69.2     38.3       30.9      209.8     134.1
1965.............................................................      333.3       21.2      312.1     220.5       37.2       54.5        81.2     73.1     42.0       31.1      231.0     147.4
1966.............................................................      356.5       23.1      333.4     232.9       40.3       60.1        84.1     76.1     44.8       31.3      249.3     156.9
1967.............................................................      381.2       25.1      356.1     247.3       43.9       64.8        88.2     79.9     47.4       32.5      267.9     167.4
1968.............................................................      411.1       27.5      383.5     264.8       47.3       71.4        93.4     84.4     50.6       33.8      290.1     180.4
1969.............................................................      441.6       29.4      412.2     283.2       52.2       76.9       100.2     90.2     54.5       35.7      312.0     193.0

1970.............................................................      473.7       30.5      443.2     297.4       60.1       85.6       109.2     97.3     59.9       37.3      333.9     200.2
1971.............................................................      524.2       32.4      491.8     325.9       70.1       95.9       120.7    105.2     65.7       39.5      371.1     220.7
1972.............................................................      597.4       35.4      562.0     366.5       82.8      112.7       131.1    113.0     68.2       44.7      430.9     253.5
1973.............................................................      672.6       39.8      632.8     407.9       93.1      131.7       135.0    116.2     66.2       50.0      497.7     291.7
1974.............................................................      732.5       44.9      687.5     440.7      100.0      146.9       140.2    121.3     65.1       56.2      547.3     319.4
1975.............................................................      791.9       49.9      742.0     482.1      100.6      159.3       147.0    127.7     66.1       61.6      595.0     354.3
1976.............................................................      878.6       55.4      823.2     546.3      105.7      171.2       154.1    133.5     66.5       67.0      669.0     412.8
1977.............................................................    1,010.3       63.9      946.4     642.7      114.0      189.7       161.7    141.6     68.0       73.6      784.6     501.0
1978.............................................................    1,163.0       72.8    1,090.2     753.5      124.9      211.8       176.4    153.4     71.4       82.0      913.9     600.2
1979.............................................................    1,328.4       86.8    1,241.7     870.5      134.9      236.3       199.0    172.9     81.0       92.0    1,042.7     697.6

1980.............................................................    1,463.0       97.5    1,365.5     969.0      141.0      255.5       225.1    195.2     93.6      101.6    1,140.4     773.9
1981.............................................................    1,572.8      107.2    1,465.5   1,049.1      138.9      277.5       238.9    207.6    101.3      106.2    1,226.7     841.5
1982.............................................................    1,650.7      111.3    1,539.3   1,096.4      140.8      302.2       248.9    217.9    108.0      109.9    1,290.5     878.5
1983.............................................................    1,841.9      113.7    1,728.2   1,219.4      154.0      354.8       279.8    248.8    127.4      121.4    1,448.4     970.5
1984.............................................................    2,071.1      112.4    1,958.7   1,360.4      177.0      421.4       294.8    265.9    136.7      129.1    1,663.9   1,094.5
1985.............................................................    2,334.2      105.9    2,228.3   1,535.7      205.3      487.3       328.3    288.8    153.0      135.8    1,900.0   1,246.9
1986.............................................................    2,635.1       95.2    2,539.9   1,741.7      238.5      559.7       370.5    328.6    185.5      143.1    2,169.4   1,413.1
1987.............................................................    2,985.3       87.7    2,897.6   1,976.5      260.9      660.2       431.4    387.9    235.5      152.4    2,466.1   1,588.6
1988.............................................................    3,280.3       83.0    3,197.3   2,217.4      277.5      702.4       459.7    414.2    258.8      155.4    2,737.7   1,803.3
1989.............................................................    3,582.1       80.5    3,501.7   2,459.5      288.5      753.7       486.8    440.1    282.8      157.3    3,014.8   2,019.4

1990.............................................................    3,803.7       78.9    3,724.8   2,676.2      289.8      758.8       517.9    470.9    310.9      160.0    3,206.9   2,205.3
1991.............................................................    3,962.6       79.3    3,883.3   2,849.8      284.4      749.1       537.2    493.3    330.6      162.7    3,346.1   2,356.5
1992.............................................................    4,094.1       80.7    4,013.3   3,037.4      274.2      701.7       533.3    489.8    326.0      163.8    3,480.0   2,547.7
1993.............................................................    4,269.0       81.2    4,187.8   3,227.6      270.8      689.4       513.4    469.5    303.2      166.2    3,674.4   2,758.2
1994.............................................................    4,475.2       83.0    4,392.3   3,432.2      275.3      684.8       559.3    514.2    336.8      177.3    3,833.0   2,918.0

1993:I...........................................................    4,104.1       80.8    4,023.3   3,053.0      272.8      697.5       530.5    487.0    323.4      163.6    3,492.8   2,566.1
II...........................................................    4,154.2       81.0    4,073.1   3,113.4      270.2      689.5       522.6    479.0    315.2      163.8    3,550.5   2,634.4
III..........................................................    4,212.9       81.1    4,131.8   3,174.9      269.5      687.4       520.1    476.2    312.5      163.7    3,611.7   2,698.7
IV...........................................................    4,269.0       81.2    4,187.8   3,227.6      270.8      689.4       513.4    469.5    303.2      166.2    3,674.4   2,758.2

1994:I...........................................................    4,301.1       81.3    4,219.8   3,264.6      271.5      683.7       521.2    476.7    309.7      167.0    3,698.6   2,787.9
II...........................................................    4,360.3       82.1    4,278.2   3,318.7      273.6      686.0       533.5    488.8    318.8      170.0    3,744.7   2,829.9
III..........................................................    4,419.4       82.6    4,336.7   3,376.0      276.0      684.8       551.1    506.2    331.9      174.3    3,785.7   2,869.7
IV...........................................................    4,475.2       83.0    4,392.3   3,432.2      275.3      684.8       559.3    514.2    336.8      177.3    3,833.0   2,918.0

1995:I...........................................................    4,517.2       83.4    4,433.8   3,466.1      276.4      691.3       565.4    520.3    341.7      178.6    3,868.4   2,945.8
II...........................................................    4,585.6       83.9    4,501.8   3,524.7      280.6      696.5       571.3    525.8    345.5      180.3    3,930.5   2,998.9
III p........................................................    4,654.6       84.4    4,570.2   3,583.9      283.8      702.5       578.4    531.0    348.5      182.5    3,991.8   3,052.9
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\1\ Includes FHA insured multifamily properties, not shown separately.
\2\ Derived figures. Total includes multifamily and commercial properties, not shown separately.

Source: Board of Governors of the Federal Reserve System, based on data from various Government and private organizations.