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FEDERAL HOUSING ADMINISTRATION WASHINGTON STEWART MCDONALD ADMINISTRATOR January 25, 1936 Honorable tiarriner S. Eccles, Governor Federal Reserve Board Washington, D. C. Dear Governor Eccles: it is estimated from examination of the building permits reported by the Bureau of Labor Statistics, that the FHA handled approximately 31% of the new residential construction for one and two family residences during the last six months of 1935• The indicated chart shows that the majority of these fell in the Three to Five Thousand Dollar mortgage class, and since they were around &Q% mortgages, it would appear that the FHA stimulated the residential construction more in the homes costing between T?;enty-five Hundred and Six Thousand Dollars. Sindereiy yours, Sewart McDonaL Administrator ACCEPTED MORTGAGES CLASSIFIED BY AMOUNT OF PRINCIPAL PERCENT OF TOTAL NUMBER 10 15 LESS THAN $2,000 2,000-2,999 3,000-3,999 4,000-4,999 5,000-5,999 6,000-6,999 7,000-7,999 8 r 000-8£99 9,000-9,999 10,000-11,999 MORTGAGES FOR NEW CONSTRUCTION MORTGAGES REFINANCED 12,000-16,000 FEDERAL HOUSING DIVISION OF ADMINISTRATION ECONOMICS DECEMBER , 1935 n STATISTICS , BUILDING PERMITS COMPARISONS OF VALUE IN RECENT MONTHS WITH THE CORRESPONDING MONTHS OF PREVIOUS YEAR NEW RESIDENTIAL BUILDING MILLIONS OF DOLLARS JAN. FEB, MAR. •OURQE Of iAIIG DATA: •UMAU 0 * LAMM ITATIfTICt APR. MAY JUNE JULY AUQ. SEPT. OCT. NOV. DEC. K M 1 A I . HOUtlNt AMMMTftATtON tWNOIMOt ft STATItTIOt OIVIttON •MART NO. O f - W t l FEDERAL HOUSING ADMINISTRATION January 25, 1936 CUBJECT: MONTHLY VOLUME REPORTED FOR TITLES I AND II BUSINESS Notes Insured 1934 Home Mortgages Accepted £ . . Insurance °r $ 30,450,583 (Aug. thru Dec.) $ 24,150 (Dec. only) $ 498,330 1935 Jan $ 6,582,034 Feb 5,269,524 1,848,955 Mar 7,814,721 4,722,728 Apr 11,300,416 7,943,378 May 14,415,746 10,500,216 Jun 16,154,053 12,099,311 Jul 21,084,565 16,722,512 Aug 24,240,034 19,721,073 Sep 30,403,179 21,898,074 Oct 27,163,130 25,436,430 Nov 31,051,674 25,083,754 Dec 28,141,070 22,379,821 1936 Jan (24 days) $ 21,697,341 $ !°i§I§ Thru January 24th 16,699,363 $ 275,768,070 $ 185,578,095 Balance Home Mortgages In Process Rejections 23,170,510 63,921,661 Total Home Mortgages Selected for Appraisal 272,670,266 Large Scale Housing Mortgages Accepted Modernization & Repair Notes Insured 27,540,234 275,768,070 TOTAL FHA Business Transacted Thru Jan. 24, 1936 $ 575,978,570 FEDERAL HOUSING ADMINISTRATION VOLUME OF F.H.A. BUSINESS TOTAL OF MODERNIZATION NOTES AND LARGE SCALE HOUSING INSURED, MORTGAGES SELECTED FOR APPRAISAL MORTGAGES ACCEPTED FOR INSURANCE. CUMULATIVE IILLIONS OF DOLLARS 750 750 - - 600 - - i/ - 450 / A 300 300 - 150 f mm* 0 mmmi JUL - AUG SEP OCT 1934 NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN 1936 FEDERALS J^ING ADMINISTRATE DIVISION OF ECONOMICS a STATIST CHART N O — - - I <>fl- ft- i