| Chart 1: The Recent Boom in Credit Availability Has Boosted Homeownership | ||
| Timeline | Total Mortgages Outstanding (in billions of 2005 dollars) |
Homeownership Rate (Percent) |
| 1971 | $1,204.6 |
|
| 1972 | $1,284.4 |
|
| 1973 | $1,356.2 |
|
| 1974 | $1,363.3 |
|
| 1975 | $1,360.6 |
|
| 1976 | $1,447.3
|
|
| 1977 | $1,586.1
|
|
| 1978 | $1,741.6
|
|
| 1979 | $1,873.5
|
|
| 1980 | $1,924.8
|
|
| 1981 | $1,895.3
|
|
| 1982 | $1,845.2
|
|
| 1983 | $1,922.4
|
|
| 1984 | $2,062.4
|
64.5 |
| 1985 | $2,323.7
|
63.9 |
| 1986 | $2,584.7
|
63.8 |
| 1987 | $2,790.8
|
64.0 |
| 1988 | $3,031.9
|
63.8 |
| 1989 | $3,240.3
|
63.9 |
| 1990 | $3,435.9
|
63.9 |
| 1991 | $3,556.6
|
64.1 |
| 1992 | $3,699.2
|
64.1 |
| 1993 | $3,815.0
|
64.0 |
| 1994 | $3,942.1
|
64.0 |
| 1995 | $4,050.8
|
64.7 |
| 1996 | $4,221.8
|
65.4 |
| 1997 | $4,408.1
|
65.7 |
| 1998 | $4,701.3
|
66.3 |
| 1999 | $5,055.4
|
66.8 |
| 2000 | $5,351.0
|
67.4 |
| 2001 | $5,719.7
|
67.8 |
| 2002 | $6,291.8
|
67.9 |
| 2003 | $7,048.1
|
68.3 |
| 2004 | $7,806.9
|
69.0 |
| 2005 | $,8660.1
|
68.9 |
| Sources: Federal Reserve, Bureau of Economic Analysis, U.S. Census Bureau. | ||