[Economic Report of the President (2000)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]



[[Page 394]]

 
Table B-73.--Mortgage debt outstanding by type of property and of financing, 1945-99
[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
--------------------------------------------------------------------------------------------------------------------------------------------------------
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........................       62.3        5.6       56.7      37.3      8.6      10.8        17.1     15.0      6.9        8.1       39.6      22.3

1950........................       72.7        6.0       66.6      45.1     10.1      11.5        22.1     18.8      8.5       10.3       44.6      26.2
1951........................       82.1        6.6       75.6      51.6     11.5      12.5        26.6     22.9      9.7       13.2       49.0      28.8
1952........................       91.4        7.2       84.2      58.6     12.3      13.4        29.3     25.4     10.8       14.6       55.0      33.2
1953........................      101.3        7.7       93.6      66.2     12.9      14.6        32.1     28.1     12.0       16.1       61.5      38.1
1954........................      113.7        8.2      105.6      75.8     13.5      16.3        36.2     32.1     12.8       19.3       69.4      43.7
1955........................      130.1        9.0      121.1      88.4     14.3      18.4        42.9     38.9     14.3       24.6       78.1      49.5
1956........................      144.7        9.8      134.8      99.2     14.9      20.8        47.8     43.9     15.5       28.4       87.0      55.3
1957........................      156.7       10.4      146.4     107.8     15.3      23.2        51.6     47.2     16.5       30.7       94.8      60.6
1958........................      172.0       11.1      160.9     117.9     16.8      26.2        55.2     50.1     19.7       30.4      105.8      67.8
1959........................      190.9       12.1      178.8     130.9     18.7      29.2        59.3     53.8     23.8       30.0      119.5      77.1

1960........................      207.6       12.8      194.8     142.0     20.3      32.4        62.3     56.4     26.7       29.7      132.4      85.6
1961........................      228.1       13.9      214.2     154.7     23.0      36.5        65.6     59.1     29.5       29.6      148.6      95.5
1962........................      251.6       15.2      236.4     169.4     25.8      41.2        69.4     62.2     32.3       29.9      167.1     107.3
1963........................      278.7       16.8      261.9     186.6     29.0      46.3        73.4     65.9     35.0       30.9      188.5     120.7
1964........................      306.2       18.9      287.3     203.6     33.6      50.1        77.2     69.2     38.3       30.9      210.1     134.3
1965........................      333.7       21.2      312.5     220.8     37.2      54.5        81.2     73.1     42.0       31.1      231.3     147.6
1966........................      356.9       23.1      333.8     233.3     40.3      60.3        84.1     76.1     44.8       31.3      249.7     157.2
1967........................      381.7       25.1      356.6     247.7     43.9      64.9        88.2     79.9     47.4       32.5      268.4     167.8
1968........................      411.6       27.5      384.0     265.2     47.3      71.5        93.4     84.4     50.6       33.8      290.6     180.8
1969........................      442.3       29.4      412.9     283.6     52.2      77.1       100.2     90.2     54.5       35.7      312.7     193.4

1970........................      474.4       30.5      444.0     298.0     60.1      85.8       109.2     97.3     59.9       37.3      334.7     200.7
1971........................      525.1       32.4      492.7     326.6     70.1      96.1       120.7    105.2     65.7       39.5      372.0     221.4
1972........................      598.3       35.4      562.9     367.2     82.8     112.9       131.1    113.0     68.2       44.7      431.8     254.2
1973........................      673.6       39.8      633.8     408.6     93.1     132.0       135.0    116.2     66.2       50.0      498.8     292.4
1974........................      734.0       44.9      689.1     441.5    100.0     147.6       140.2    121.3     65.1       56.2      548.8     320.2
1975........................      793.5       49.9      743.7     482.8    100.6     160.3       147.0    127.7     66.1       61.6      596.7     355.1
1976........................      880.3       55.4      824.9     547.1    105.7     172.1       154.1    133.5     66.5       67.0      670.8     413.6
1977........................    1,012.1       63.9      948.2     643.5    114.0     190.7       161.7    141.6     68.0       73.6      786.4     501.9
1978........................    1,164.6       72.8    1,091.9     754.5    124.9     212.4       176.4    153.4     71.4       82.0      915.5     601.1
1979........................    1,330.1       86.8    1,243.4     871.0    134.8     237.5       199.0    172.9     81.0       92.0    1,044.4     698.1

1980........................    1,464.8       97.5    1,367.3     968.7    140.9     257.7       225.1    195.2     93.6      101.6    1,142.2     773.6
1981........................    1,590.2      107.2    1,483.0   1,047.7    138.8     296.5       238.9    207.6    101.3      106.2    1,244.1     840.1
1982........................    1,675.6      111.3    1,564.3   1,094.1    140.6     329.6       248.9    217.9    108.0      109.9    1,315.4     876.2
1983........................    1,869.3      113.7    1,755.6   1,217.1    153.8     384.7       279.8    248.8    127.4      121.4    1,475.7     968.2
1984........................    2,113.1      112.4    2,000.7   1,358.0    176.8     465.9       294.8    265.9    136.7      129.1    1,705.8   1,092.1
1985........................    2,377.2      105.9    2,271.4   1,533.4    205.0     533.0       328.3    288.8    153.0      135.8    1,943.0   1,244.6
1986........................    2,661.5       95.2    2,566.3   1,737.8    238.1     590.5       370.5    328.6    185.5      143.1    2,195.8   1,409.2
1987........................    2,998.9       87.7    2,911.2   1,969.8    260.3     681.1       431.4    387.9    235.5      152.4    2,479.7   1,581.9
1988........................    3,315.6       83.0    3,232.6   2,206.0    276.7     749.9       459.7    414.2    258.8      155.4    2,773.0   1,791.9
1989........................    3,586.1       80.5    3,505.7   2,443.0    287.2     775.4       486.8    440.1    282.8      157.3    3,018.8   2,002.9

1990........................    3,800.8       78.9    3,721.9   2,646.6    285.5     789.8       517.9    470.9    310.9      160.0    3,203.9   2,175.7
1991........................    3,951.8       79.2    3,872.7   2,814.5    282.3     775.9       537.2    493.3    330.6      162.7    3,335.4   2,321.2
1992........................    4,066.1       79.7    3,986.3   2,984.1    269.1     733.2       533.3    489.8    326.0      163.8    3,453.0   2,494.3
1993........................    4,206.1       80.7    4,125.4   3,146.5    266.6     712.3       513.4    469.5    303.2      166.2    3,612.0   2,677.0
1994........................    4,393.0       83.0    4,310.0   3,330.0    267.7     712.3       559.3    514.2    336.8      177.3    3,750.7   2,815.8
1995........................    4,604.0       84.6    4,519.4   3,510.3    277.0     732.1       584.3    537.1    352.3      184.7    3,935.2   2,973.3
1996........................    4,901.6       87.1    4,814.4   3,721.9    294.8     797.7       623.2    574.1    379.2      194.9    4,191.2   3,147.8
1997........................    5,216.8       90.3    5,126.5   3,959.6    310.5     856.5       659.4    608.4    405.7      202.7    4,467.1   3,351.1
1998........................    5,728.2       96.5    5,631.7   4,328.4    340.8     962.5       677.6    627.3    417.9      209.4    4,954.1   3,701.1

1997:I......................    4,953.1       87.6    4,865.6   3,765.5    296.0     804.1       631.0    581.4    384.3      197.0    4,234.6   3,184.1
II......................    5,029.5       88.7    4,940.8   3,819.6    300.9     820.2       640.7    590.3    391.6      198.7    4,300.1   3,229.3
III.....................    5,143.8       89.6    5,054.3   3,914.1    304.2     835.9       647.1    596.6    395.6      201.0    4,407.1   3,317.5
IV......................    5,216.8       90.3    5,126.5   3,959.6    310.5     856.5       659.4    608.4    405.7      202.7    4,467.1   3,351.1

1998:I......................    5,328.0       91.3    5,236.6   4,044.0    316.4     876.2       665.3    614.2    410.4      203.8    4,571.3   3,429.8
II......................    5,439.6       93.0    5,346.6   4,122.8    323.3     900.5       664.2    613.3    410.1      203.3    4,682.4   3,509.5
III.....................    5,574.4       94.4    5,480.0   4,223.4    330.6     926.0       673.8    623.3    417.3      206.0    4,806.3   3,600.1
IV......................    5,728.2       96.5    5,631.7   4,328.4    340.8     962.5       677.6    627.3    417.9      209.4    4,954.1   3,701.1

1999:I......................    5,867.3       97.4    5,769.9   4,420.9    351.6     997.3       686.9    636.9    426.8      210.1    5,083.0   3,784.0
II......................    6,019.1       99.7    5,919.5   4,533.2    359.3   1,027.0       700.2    648.1    435.6      212.5    5,219.3   3,885.0
III....................    6,181.1      101.8    6,079.3   4,647.9    372.5   1,059.0       718.8    666.3    450.4      215.9    5,360.5   3,981.6
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\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.