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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
£°.r. Insurance

$ 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