Volume URL: Chapter Author: Leo Grebler, David M. Blank, Louis Winnick

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1 This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Volume Title: Capital Formation in Residential Real Estate: Trends and Prospects Volume Author/Editor: Leo Grebler, David M. Blank, and Louis Winnick Volume Publisher: Princeton University Press Volume ISBN: X Volume URL: Publication Date: 1956 Chapter Title: Appendix B: Tables on Residential Construction, Chapter Author: Leo Grebler, David M. Blank, Louis Winnick Chapter URL: Chapter pages in book: (p )

2 APPENDIX B TABLES ON RESIDENTIAL CONSTRUCTION, TABLE B-i New Private Permanent Nonfarm Housekeeping Dwelling Units Started, (thousands) Number Number Number zo , , ,069 1,069 : : David M. Blank, The Volume of Residential Construction, , National Bureau of Economic Research, Technical Paper 9, 1954, Table : Construction and Building Materials, Statistical Supplement, Dept. of Commerce, May 1952, p : Housing Statistics, Housing and Home Finance Agency, January 1954, p. 1. Data are preliminary.

3 - APPENDIX B TABLE B-2 New Private Permanent Nonfarm Housekeeping Dwelling Units Started, by Type of Structure, (number in thousands) 333 r.tumbera PER CENTb Three- Three- One- Two- or More- One- Two- or More- Family (1) Familyc (2) Family (3) Family (4) Familyc (5) Family (6) % % % (continued on next page)

4 334 APPENDIX B TABLE B-2 (continued) (number in thousands) NTJMBERa PR CENTb Three- Three- One- Two- or More- One- Two- or More- Family Farnilyc Family Family Familyc Family (1) (2) (3) (4) (5) (6) ' , ' Totals do not always agree with national totals in Table B-i because of rounding. b Percentages adjusted to add to per cent. Including dwelling units in one-family and two-family houses with business : David M. Blank, The Volume of Residential Construction, , National Bureau of Economic Research, Technical Paper 9, 1954, Table : Housing Statistics Handbook, Housing and Home Finance Agency, 1948, P : Housing Statistics, Housing and Home Finance Agency, January 1954, p Derived from columns 1-3.

5 APPENDIX B 335 TABLE B-3 Expendituies for New Private Permanent Nonfarm Housekeeping Dwelling Units, in Current and 1929 Dollars, (millions of dollars) Current 1929 Current 1929 Dollars Dollars Dollars Dollars (1) (2) (1) (2) , ,795 1, ,955 3, , ,960 4, , ,575 4, , , ,910 5, , ,920 5, , ,540 4, , ,195 4, , ,040 3, , ,570 1, , ,320 1, , , , , , ,210 1, ,475 1, ,620 1, ,270 2, ,154 1,170 1,037 1,034 1,028 1,000 1,113 1,108 2,593 2,393 2,029 2, ,560 2, ,272 2, ,040 2, ,440 1, ,932 1,905 2,089 2, ,081 2, ,300 2, , ,450 2,881 2, ,500 3,563 1,255 2, , ,257 3, ,525 5, ,258 1, ,849 4, , ,870 4, ,530 4, : David M. Blank, The Volume of Residential Construction, , National Bureau of Economic Research, Technical Paper 9, 1954, Table : Construction and Building Materials, Statistical Supplement, Dept. of Commerce, May 1952, p : Construction and Building Materials, Dept. of Commerce, January 1954, p deflated by construction cost index, Table B-b, column 1.

6 336 APPENDIX B TABLE B-4 Expenditures for Additions to and Alterations 'of Housekeeping Dwelling Units, in Current and 1929 Dollars, (millions of dollars) Current Dollars (1) Dollars (2) Current Dollars (1) ,045 1, Dollars (2) : Table D : Construction and Building Materials, Statistical Supplement, Dept. of Commerce, May 1952, p : Construction and Building Materials, Dept. of Commerce, January 1954, p deflated by construction cost index, Table B-b, column 1.

7 APPENDIX s 337 TABLE B-5 Expenditures for New Private Nonhousekeeping Residential Facilities, in Current and 1929 Dollars, (millions of dollars) Current 1929 Current 1929 Dollars Dollars Dollars Dollars (1) (2) (1) (2) '' : David M. Blank, The Volume of Residential Construction, , National Bureau of Economic Research, Technical Paper 9, 1954, Table : Construction and Building Materials, StatLstical Supplement, Dept. of Commerce, May 1953, p : Construction and Building Materials, Dept. of Commerce, January 1954, p deflated by construction cost index, Table B-b, column 2.

8 338 APPENDIX B TABLE B-6 Gross Capital Formation in Housekeeping Residential Real Estate, in Current and 1929 Dollars, (millions of dollars) Current 1929 Current 1929 Dollars Dollars Dollars Dollars (1) (2) (1) (2) , ,980 2, , ,155 3, , ,170 4, , ,805 4, , ,160 5, , ,190 5, ,830 5, , ,510 4, , ,380 3, , , ,875 1, , ,495 1, , , , , , , ,505 1, ,795 1, ,264 2, ,915 1, ,281 2, ,590 2, ,148 2, ,148 2, ,895 2, ,390 2, ,415 3, , ,438 1,140 2, ,109 2, ,221 2, ,214' 2, , ,187 2, ,870 2, ,185 3, ,300 2, ,425 4, ,371 2, ,082 3, , ,425 5, ,398 1, ,783 4, ,915 4, ,212 1, ,638 4, : Sum of column 1, Table B-3, and column 1, Table D : Sum of column 1, Table B-3, and column 1, Table B : Sum of column 2, Table B-3, and column 2, Table D : Sum of column 2, Table B-3, and column 2, Table B-4.

9 APPENDIX B 339 TABLE B-I Turning Points in Long Cycles in Gross Capital Formation in Housekeeping Residential Real Estate Current Dollars 1929 Dollars Peak Trough Peak Trough Peak Trough Peak Peak Trough Peak Trough Peak : Derived from Table B-6.

10 340 APPENDIX B TABLE B-8 Net Capital Formation in Housekeeping Residential Real Estate in Current and 1929 Dollars, (millions of dollars) Current 1929 Current 1929 Dollars Dollars Dollars Dollars (1) (2) (1) (2) , ,052 2, , ,879 2, , ,462 3, , , ,749 3, , ,686 3, ,270 3,420 1, ,876 2, , ,625 1, , , , , , , , , , ,162 1, , ,519 1, , ,225 1, , ,464 1, , , , , , ,955 1, , ,745 2, , ,415 2, ,417 3, ,310 2, ,187 2, ,691 2, , Table B-6, minus column 3, Table E-2. 2, Table B-6, minus column 6, Table E-2.

11 APPENDIX B 341 TABLE B-9 Turning Points in Long Cycles in Net Capital Formation in Housekeeping Residential Real Estate Current Dollars 1929 Dollars Peak Trough Peak Trough Peak Trough Peak Peak Trough Peak Trough Peak : Derived from Table B

12 342 APPEND]X B TABLE B-b Residential Construction Cost Indexes, ( ) House- Nonhouse- House- Nonhousekeeping keeping keeping keeping (1) (2) (1) (2) : Value for 1890 extrapolated by weighted average of an index of average wages per day in the building trades and an index of prices of lumber and building materials. Wage and price indexes from the Aldrich report; see Historical Statistics of the United States, Bureau of the Census, 1949, pp. 66 and 234. Weights wages, 1.0; materials, 1.5. Weights derived from National Housing Agency analysis of housing costs; see Housing Statistics Handbook, Housing and Home Finance Agency, 1948, p. 32. (notes continued on next page)

13 Notes to Table B-b APPENDIX B 343 (continued) : Value for 1907 extrapolated by weighted averages of an index of average wages per hour in the building trades and an index of building materials prices. Wage index from Bulletin of the Bureau of Labor, No. 77, Dept. of Commerce and Labor, July 1908; see Historical Statistics, p. 66. Price index from Handbook of Labor Statistics, Dept. of Labor, 1941, Vol. 1; see Historical Statistics, pp Weights same as above : Value for 1910 extrapolated by weighted average of an index of wage rates in the building trades and an index of building materials prices. Wage rate index from Union Wages and Hours in the Building Trades, Bureau of Labor Statistics annual reports; see Historical Statistics, p. 69. Price index from same source as data. Weights same as above : Value for 1915 extrapolated by Boeckh indexes of residential construction cost, as given in Historical Statistics, p : Boeckh residential construction cost index, as given in Construction and Building Materials, Statistical Supplement, Dept. of Commerce, May 1951, p. 40, converted to 1929 base : Boeckh residential construction cost index, as given in Housing Statistics, Housing and Home Finance Agency, January 1954, p. 8, converted to 1929 base : Value for 1907 extrapolated by index in column : Value for 1915 extrapolated by index derived in same manner as column 1, : Boeckh index of construction cost for apartments, hotels, and office buildings, as given in Construction and Building Materials, Statistical Supplement, May 1951, p. 40, converted to 1929 base : Boeckh index of construction cost for apartments, hotels, and office buildings, as given in Housing Statistics, January 1954, p. 8, converted to 1929 base.

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