Full text of Marriner S. Eccles Papers : Letter to Governor Eccles, Box 27, Folder 9, Item 12

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FEDERAL HOUSING ADMINISTRATION
WASHINGTON
STEWART MCDONALD
ADMINISTRATOR

April 20, 1936

Honorable Marriner S. Eccles
Governor, Federal Reserve Board
Washington, B. C.

Dear Governor Eccles:

The Federal Housing Administration announces
for the week ending April 18th, total home mortgages
selected for appraisal amounted to #99661,339- which
constitutes the largest individual week since the
inception of the program and indicates that the
expected Spring rise in residential construction
is materializing•
This mortgage money is furnished by private
capital — principally by life insurance companiesy
banks, building and loan associations^ etc* ~-~ entirely
without Government contribution*




icerely yours$

Stewart McDonald
Admini s trator

BUILDING

PERMITS

COMPARISONS OF VALUE IN RECENT MONTHS WITH THE
CORRESPONDING MONTHS OF PREVIOUS YEAR
PRINCIPAL CITIES OF THE UNITED STATES
NEW RESIDENTIAL BUILDING
MILLIONS OF DOLLARS

1934
1935
1936

70

60

50
+ 96.8 96

+78.8%

40
+ 87.8%

+ 232.1 %

30

20

10

JAN.

FEB.

MAR.

APR.

PERCENTAGES

SOURCE OF BASIC DATA:
BUREAU OF LABOR STATISTICS.

10-Ml 8. ft/tt/3*




MAY

SHOW

JUNE

CHANGE

JULY

AUG.

FROM

SEPT

1935

OCT.

TO

NOV

DEC.

1936

FEDERAL HOUSING ADMINISTRATION
ECONOMICS AND STATISTICS DIVISION
CHART NO. C 5 - 516 B.