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FEDERAL HOUSING ADMINISTRATION MEMORANDUM SUBJECT: WEEK ENDING SEPTEMBER 21, 1935, The total of both modernization and repair loans and home mortgages selected for appraisal reached $14,420,375 for the week ending September 21st. This is the largest volume for any one week since^jda^ inauguration of the program. Stewart McDonald Administrator FEDERAL HOUSING ADMINISTRATION MEMORANDUM September 21, 1935. SUBJECT: "lUIMlilJUX VU Title I Modernization & Repair Notes Insured Title II Home Mortgages Selected for Apjoraisal with Fees Paid TOTALS Title I Notes Insured and Title II Mortgages Selected For Appraisal 251,595 Not in Operation September 3,274,425 due to necessary 3,274,425 October 8,834,565 legislative 8,834,565 November 9,852,992 changes 9,852,992 December 8,237,006 1954 August $ $ 251,595 129,150 8,366,156 1955 January 6,582,034 2,418,390 9,000,424 February 5,269,524 4,645,684 9,915,208 March 7,814,722 8,991,872 16,806,594 April 11,300,416 14,925,478 26,225,894 May 14,415,746 28,362,676 42,778,422 June 16,154,052 30,332,692 46,486,744 July 21,084,565 32,712,769 53,797,334 August 24,240,035 32,073,949 56,313,984 September (20 days) 20,933,560 16,615,015 37,548,575 $171,207,675 $329,452,912 Totals Thi September 20th $158,245,237 Of the mortgages selected for appraisal under Title II, it is estimated that 29% will be rejected, and the remainder accepted for insurance. Of this remaining amount, approximately 39% will be for new construction. Stewart McDonald Administrator BUILDING PERMITS PRINCIPAL CITIES OF THE UNITED STATES MONTHLY AVERAGE 1933 - 100 ADDITIONS, ALTERATIONS, AND REPAIRS PER CENT NEW RESIDENTIAL BUILDING PER CENT PER 7 / 50 \ | - \ ' '• M* -T%r~ V — NUMBER OF FAMILIES PROVIDED W CENT IOO \ ^•1934 I 0 l_ I I I I I i I 1 1 1 1 | | 1 _L _L_ 250 Z6< y 200 100 N j V,934 JAN. FEB. MAR APR. MAY JUNE JULY AUG. SEPT. OCT NOV. DEC. NOTE. SOURCE OF BASIC 10-568H.9/19/35 DATA> BUREAU OF LABOR STATISTICS SHADED AREA INDICATES PERIOD OF F. H. A. ACTIVITY FEDERAL HOUSING ADMINISTRATION ECONOMICS a STATISTICS DIVISION CHART NO. C5-S95B2
@FedFRASER