[Economic Report of the President (2007)]
[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, 1949-2006
[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                           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
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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..............................................................    3,807.4       78.9      3,728.5   2,619.5    288.3     820.7       517.9    470.9    310.9      160.0    3,210.5   2,148.6
1991..............................................................    3,952.9       79.2      3,873.7   2,781.7    284.9     807.1       537.2    493.3    330.6      162.7    3,336.4   2,288.4
1992..............................................................    4,062.5       79.7      3,982.7   2,947.3    272.0     763.4       533.3    489.8    326.0      163.8    3,449.4   2,457.6
1993..............................................................    4,195.7       80.7      4,115.0   3,106.0    269.1     739.9       513.4    469.5    303.2      166.2    3,601.6   2,636.6
1994..............................................................    4,363.3       83.3      4,280.0   3,283.2    269.6     727.2       559.3    514.2    336.8      177.3    3,720.7   2,769.0
1995..............................................................    4,550.4       85.0      4,465.4   3,451.2    275.5     738.7       584.3    537.1    352.3      184.7    3,881.1   2,914.2
1996..............................................................    4,819.7       87.6      4,732.2   3,674.7    287.8     769.7       620.3    571.2    379.2      192.0    4,111.9   3,103.5
1997..............................................................    5,132.6       90.4      5,042.3   3,910.2    300.9     831.2       656.7    605.7    405.7      200.0    4,385.6   3,304.5
1998..............................................................    5,620.6       96.7      5,523.9   4,266.2    333.9     923.8       674.1    623.8    417.9      205.9    4,849.8   3,642.4
1999..............................................................    6,233.2      103.9      6,129.3   4,691.2    375.0   1,063.1       731.5    678.8    462.3      216.5    5,397.8   4,012.4

2000..............................................................    6,795.2      110.2      6,685.0   5,109.8    404.6   1,170.6       773.1    720.0    499.9      220.1    5,911.9   4,389.9
2001..............................................................    7,485.2      117.8      7,367.4   5,639.5    446.5   1,281.4       772.7    718.5    497.4      221.2    6,594.7   4,921.0
2002..............................................................    8,367.3      125.5      8,241.8   6,374.4    484.9   1,382.6       759.3    704.0    486.2      217.7    7,482.5   5,670.4
2003..............................................................    9,374.9      133.6      9,241.3   7,175.1    555.6   1,510.5       709.2    653.3    438.7      214.6    8,532.1   6,521.9
2004..............................................................   10,680.5      141.7     10,538.8   8,246.8    608.8   1,683.2       661.5    605.4    398.1      207.3    9,877.3   7,641.4
2005..............................................................   12,148.7      147.9     12,000.8   9,383.3    679.7   1,937.8       606.6    550.4    348.4      202.0   11,394.2   8,832.8

2005:I............................................................   10,938.5      143.0     10,795.5   8,448.1    621.8   1,725.5       647.9    591.6    386.1      205.5   10,147.6   7,856.5
II ...........................................................   11,324.3      146.3     11,178.1   8,747.8    640.7   1,789.6       633.7    577.2    372.7      204.4   10,544.4   8,170.6
III ..........................................................   11,754.1      148.4     11,605.7   9,090.7    658.4   1,856.6       619.1    562.5    359.3      203.2   10,986.7   8,528.2
IV ...........................................................   12,148.7      147.9     12,000.8   9,383.3    679.7   1,937.8       606.6    550.4    348.4      202.0   11,394.2   8,832.8

2006:I............................................................   12,450.8      150.5     12,300.3   9,612.3    693.8   1,994.3       599.9    543.7    343.3      200.4   11,700.4   9,068.6
II............................................................   12,765.3      154.7     12,610.6   9,845.6    703.9   2,061.1       594.9    539.1    339.8      199.3   12,015.7   9,306.5
III p.........................................................   13,033.5      159.1     12,874.4  10,029.3    714.6   2,130.4       599.1    542.7    338.6      204.2   12,275.2   9,486.6
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\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.