National Housing Production Report 1984: Fid-Bau Portal

National Housing Production Report 1984

This report describes the state of the housing inventory in 1981, the characteristics of housing production and marketing in 1982 and 1983, and anticipated developments in 1984 and 1985. Detailed are trends in rental housing and housing problems, Federal aid, preservation of existing housing and neighborhoods, nonfinancial resources for housing production, and the availability of mortgage funds. The housing industry downturn, which began in 1979, ended in the summer of 1982. The seasonally adjusted annual rate of housing starts was at 910,000 in June 1982 and rose to the 1.3 million level at the end of the year. The housing situation improved markedly in 1983, with starts reaching 1.9 million in August, the highest in 4 years. Mortgage interest rates remained high in the first 8 months of 1982, but began to fall in September and continued to decline in 1983. Nonfinancial resources for housing production are adequate. Sufficient supplies of construction materials and labor are available for the levels of housing production projected for the next 2 years. Appendixes provide information on Federal aid for housing, preservation of existing housing and neighborhoods, nonfinancial resources for housing production, and housing finance in 1984.