| Year | Permits Authorized (L) Thousands of Units | 1-Year Change in House Prices, Conventional Mortgages ® | 6-Year Change in House Prices, Conventional Mortgages ® |
|---|---|---|---|
| 1988 | 82126 | 9.33% | 12.04% |
| 1989 | 53543 | 3.29% | 11.14% |
| 1990 | 36821 | -1.33% | 8.90% |
| 1991 | 31111 | -2.53% | 6.59% |
| 1992 | 36876 | 0.61% | 4.23% |
| 1993 | 39225 | 0.18% | 1.52% |
| 1994 | 41518 | -0.37% | -0.04% |
| 1995 | 37357 | 1.60% | -0.31% |
| 1996 | 40425 | 3.40% | 0.47% |
| 1997 | 42047 | 2.59% | 1.33% |
| 1998 | 47342 | 5.23% | 2.09% |
| 1999 | 47379 | 6.74% | 3.17% |
| 2000 | 43735 | 9.41% | 4.80% |
| 2001 | 42786 | 9.45% | 6.10% |
| 2002 | 47173 | 9.90% | 7.19% |
| 2003 | 48845 | 8.63% | 8.22% |
| 2004 | 54988 | 11.11% | 9.20% |
| Sources: U.S. Census Bureau, Federal Home Loan Mortgage Corporation, FDIC, Haver Analytics, 2004 Annualized | |||