[Economic Report of the President (1997)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]

[DOCID: f:erp_b73._]
Economic Report of the President - - - - - - - - - - - - H. Doc. 105-002
[From the online service of the U.S. Government Printing Office]
[wais.access.gpo.gov]



Table B-73.--Mortgage debt outstanding by type of property and of financing, 1940-96
[Billions of dollars]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Nonfarm properties                      Nonfarm properties by type of mortgage
---------------------------------------------------------------------------------------------------
Government underwritten           Conventional\2\
All        Farm                         Multi-             -----------------------------------------------------------
End of year orquarter     properties  properties            1-to 4-   family  Commercial                1- to 4-family houses
Total    family   proper-    proper-            ------------------------------             1-to 4-
houses     ties      ties     Total\1\             FHA        VA        Total    family
Total   insured  guaranteed            houses
--------------------------------------------------------------------------------------------------------------------------------------------------------
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........................    3,802.3       78.9    3,723.4   2,674.8    289.8     758.8       517.9    470.9    310.9      160.0    3,205.5   2,203.9
1991........................    3,960.2       79.3    3,880.9   2,848.2    284.4     748.3       537.2    493.3    330.6      162.7    3,343.7   2,354.9
1992........................    4,091.8       80.7    4,011.1   3,036.3    274.2     700.6       533.3    489.8    326.0      163.8    3,477.8   2,546.5
1993........................    4,266.9       81.2    4,185.7   3,225.5    270.8     689.4       513.4    469.5    303.2      166.2    3,672.3   2,756.1
1994........................    4,472.7       83.0    4,389.7   3,429.4    275.7     684.6       559.3    514.2    336.8      177.3    3,830.4   2,915.2
1995........................    4,706.6       84.6    4,622.0   3,626.3    288.0     707.7       584.3    537.1    352.3      184.7    4,037.7   3,089.3

1994:I......................    4,299.8       81.3    4,218.5   3,263.2    271.5     683.8       521.2    476.7    309.7      167.0    3,697.3   2,786.5
II......................    4,358.5       82.1    4,276.4   3,316.8    273.6     686.1       533.5    488.8    318.8      170.0    3,742.9   2,827.9
III.....................    4,417.9       82.6    4,335.3   3,374.3    276.2     684.7       551.1    506.2    331.9      174.3    3,784.2   2,868.1
IV......................    4,472.7       83.0    4,389.7   3,429.4    275.7     684.6       559.3    514.2    336.8      177.3    3,830.4   2,915.2

1995:I......................    4,514.2       83.4    4,430.8   3,465.0    277.8     688.0       565.4    520.3    341.7      178.6    3,865.4   2,944.7
II......................    4,581.6       83.8    4,497.8   3,519.0    280.9     697.9       571.3    525.8    345.5      180.3    3,926.6   2,993.2
III.....................    4,657.9       84.4    4,573.5   3,587.1    284.2     702.2       578.4    531.0    348.5      182.5    3,995.2   3,056.1
IV......................    4,706.6       84.6    4,622.0   3,626.3    288.0     707.7       584.3    537.1    352.3      184.7    4,037.7   3,089.3

1996:I......................    4,782.0       85.2    4,696.8   3,689.2    291.9     715.7       592.3    544.3    357.2      187.2    4,104.5   3,144.8
II......................    4,869.4       86.5    4,782.9   3,757.7    297.0     728.2       599.5    551.9    362.5      189.3    4,183.4   3,205.8
IIIp....................    4,949.1       87.3    4,861.7   3,824.9    301.1     735.7       611.0    562.4    370.3      192.0    4,250.8   3,262.6
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\Includes FHA insured multifamily properties, not shown separately.
\2\Derived figures. Total includes commercial properties, and multifamily properties, not shown separately.

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