[Economic Report of the President (2005)]
[Administration of George W. Bush]
[Online through the Government Printing Office, www.gpo.gov]


 
Table B-75.--Mortgage debt outstanding by type of property and of financing, 1949-2004
[Billions of dollars]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Nonfarm properties                      Nonfarm properties by type of mortgage
---------------------------------------------------------------------------------------------------
Government underwritten          Conventional \2\
All        Farm                         Multi-             -----------------------------------------------------------
End of year or quarter     properties  properties           1- to 4-   family  Commercial                1- to 4-family houses
Total    family   proper-    proper-            ------------------------------              1- to
houses     ties      ties       Total              FHA        VA        Total   4-family
\1\     Total   insured  guaranteed            houses
--------------------------------------------------------------------------------------------------------------------------------------------------------
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........................      101.2        7.7       93.5      66.1     12.9      14.6        32.1     28.1     12.0       16.1       61.4      38.0
1954........................      113.7        8.1      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      146.3     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........................      207.5       12.8      194.7     141.9     20.3      32.4        62.3     56.4     26.7       29.7      132.3      85.5
1961........................      228.1       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........................      381.6       25.1      356.5     247.7     43.9      64.8        88.2     79.9     47.4       32.5      268.3     167.8
1968........................      411.5       27.5      383.9     265.2     47.3      71.4        93.4     84.4     50.6       33.8      290.5     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      443.9     297.8     60.1      86.0       109.2     97.3     59.9       37.3      334.7     200.6
1971........................      525.1       32.4      492.7     326.2     70.1      96.4       120.7    105.2     65.7       39.5      372.0     221.0
1972........................      598.1       35.4      562.8     366.7     82.8     113.3       131.1    113.0     68.2       44.7      431.7     253.8
1973........................      673.4       39.8      633.6     407.9     93.2     132.6       135.0    116.2     66.2       50.0      498.6     291.6
1974........................      734.0       44.9      689.1     440.7    100.0     148.3       140.2    121.3     65.1       56.2      548.8     319.4
1975........................      793.5       49.9      743.7     482.0    100.7     161.0       147.0    127.7     66.1       61.6      596.7     354.2
1976........................      880.3       55.4      824.9     544.8    105.9     174.2       154.0    133.5     66.5       67.0      670.9     411.3
1977........................    1,012.0       63.8      948.2     640.6    114.3     193.3       161.7    141.6     68.0       73.6      786.4     499.0
1978........................    1,164.6       72.8    1,091.9     752.2    125.2     214.5       176.4    153.4     71.4       82.0      915.5     598.8
1979........................    1,330.0       86.8    1,243.3     868.8    135.0     239.4       199.0    172.9     81.0       92.0    1,044.3     695.9

1980........................    1,464.8       97.5    1,367.3     966.2    141.1     259.9       225.1    195.2     93.6      101.6    1,142.2     771.1
1981........................    1,590.1      107.2    1,482.9   1,044.1    139.2     299.7       238.9    207.6    101.3      106.2    1,244.0     836.5
1982........................    1,675.5      111.3    1,564.2   1,089.5    141.1     333.6       248.9    217.9    108.0      109.9    1,315.3     871.6
1983........................    1,869.1      113.7    1,755.3   1,211.6    154.3     389.4       279.8    248.8    127.4      121.4    1,475.5     962.8
1984........................    2,113.1      112.4    2,000.7   1,351.4    177.4     471.9       294.8    265.9    136.7      129.1    1,705.8   1,085.5
1985........................    2,376.8      105.9    2,271.0   1,523.5    205.9     541.6       328.3    288.8    153.0      135.8    1,942.7   1,234.7
1986........................    2,663.3       95.1    2,568.3   1,726.4    239.3     602.5       370.5    328.6    185.5      143.1    2,197.8   1,397.8
1987........................    3,001.5       87.7    2,913.7   1,953.6    262.1     698.0       431.4    387.9    235.5      152.4    2,482.3   1,565.7
1988........................    3,319.6       83.0    3,236.6   2,188.1    279.0     769.6       459.7    414.2    258.8      155.4    2,776.9   1,773.9
1989........................    3,591.3       80.5    3,510.8   2,421.5    289.9     799.5       486.8    440.1    282.8      157.3    3,024.0   1,981.4

1990........................    3,807.6       78.9    3,728.7   2,619.7    288.3     820.7       517.9    470.9    310.9      160.0    3,210.7   2,148.8
1991........................    3,958.6       79.2    3,879.4   2,787.4    284.9     807.1       537.2    493.3    330.6      162.7    3,342.2   2,294.1
1992........................    4,070.8       79.7    3,991.0   2,955.6    272.0     763.4       533.3    489.8    326.0      163.8    3,457.7   2,465.9
1993........................    4,207.0       80.7    4,126.2   3,117.3    269.1     739.9       513.4    469.5    303.2      166.2    3,612.8   2,647.8
1994........................    4,377.8       83.3    4,294.5   3,297.7    269.6     727.2       559.3    514.2    336.8      177.3    3,735.2   2,783.5
1995........................    4,568.2       85.0    4,483.2   3,469.1    275.5     738.5       584.3    537.1    352.3      184.7    3,898.9   2,932.1
1996........................    4,842.4       87.6    4,754.9   3,697.7    288.0     769.2       620.3    571.2    379.2      192.0    4,134.5   3,126.5
1997........................    5,163.1       90.4    5,072.7   3,939.9    301.1     831.7       656.7    605.7    405.7      200.0    4,416.0   3,334.2
1998........................    5,654.3       96.7    5,557.6   4,300.1    334.0     923.5       674.1    623.8    417.9      205.9    4,883.5   3,676.3
1999........................    6,257.7      103.9    6,153.8   4,718.7    375.0   1,060.1       731.5    678.8    462.3      216.5    5,422.3   4,040.0

2000........................    6,820.2      110.2    6,710.0   5,133.2    406.0   1,170.8       773.1    720.0    499.9      220.1    5,936.9   4,413.2
2001........................    7,496.8      117.8    7,379.0   5,645.2    448.1   1,285.7       772.7    718.5    497.4      221.2    6,606.3   4,926.7
2002........................    8,323.3      125.5    8,197.8   6,322.7    486.1   1,388.9       759.3    704.0    486.2      217.7    7,438.5   5,618.7
2003........................    9,326.9      133.6    9,193.3   7,120.0    554.3   1,519.0       709.2    653.3    438.7      214.6    8,484.1   6,466.7

2002:I......................    7,655.2      119.4    7,535.9   5,777.8    454.5   1,303.5       778.5    723.9    503.5      220.4    6,757.4   5,054.0
II......................    7,860.5      121.9    7,738.6   5,943.3    463.6   1,331.7       781.0    726.2    508.7      217.5    6,957.6   5,217.1
III ....................    8,071.4      124.6    7,946.8   6,120.7    470.0   1,356.0       778.3    723.7    505.9      217.8    7,168.5   5,397.1
IV .....................    8,323.3      125.5    8,197.8   6,322.7    486.1   1,388.9       759.3    704.0    486.2      217.7    7,438.5   5,618.7

2003:I......................    8,539.2      127.6    8,411.6   6,506.6    495.9   1,409.1       749.9    694.3    477.8      216.5    7,661.7   5,812.3
II .....................    8,832.4      129.7    8,702.8   6,745.0    513.6   1,444.2       730.1    673.3    457.5      215.9    7,972.6   6,071.6
III ....................    9,102.9      131.7    8,971.2   6,957.7    531.0   1,482.5       709.2    653.1    438.3      214.8    8,261.9   6,304.6
IV .....................    9,326.9      133.6    9,193.3   7,120.0    554.3   1,519.0       709.2    653.3    438.7      214.6    8,484.1   6,466.7

2004:I......................    9,574.7      135.3    9,439.4   7,323.4    560.0   1,556.1       702.1    646.3    433.2      213.1    8,737.3   6,677.1
II......................    9,822.3      138.3    9,684.0   7,519.3    573.3   1,591.4       687.6    631.7    422.0      209.7    8,996.4   6,887.6
III p...................   10,127.8      140.5    9,987.3   7,770.9    581.6   1,634.8       676.2    620.3    411.6      208.7    9,311.1   7,150.6
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\ Includes FHA insured multifamily properties, not shown separately.
\2\ Derived figures. Total includes multifamily properties, not shown separately, and commercial properties not shown here but are the same as nonfarm
properties--commercial properties.

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