NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

A Historiography of Early NBER Housing and Mortgage Research

Kenneth Snowden

Chapter in NBER book Housing and Mortgage Markets in Historical Perspective (2014), Eugene N. White, Kenneth Snowden, and Price Fishback, editors (p. 15 - 36)
Conference held September 23-24, 2011
Published in July 2014 by University of Chicago Press
© 2014 by the National Bureau of Economic Research

As the U.S. grew rapidly and urbanized between 1870 and 1930, nonfarm residential construction and home mortgage debt became increasingly important to the nation's capital formation, financial structure, and short-run aggregate performance. However, during this period, both activities remained highly localized, institutionally diverse, and unevenly regulated activities. This all changed during the Great Depression when the Federal Government responded to the worst housing and mortgage crisis in the nation's history with a five-year burst of regulatory initiatives. The NBER played a central role in the academic discussion of residential construction and mortgage finance that blossomed over the next quarter century. Between 1935 and 1960, the Bureau sponsored six distinct research programs that produced thirteen major monographs examining the performance and transformation of the housing and mortgage markets. When viewed collectively, these works provide a broad and deep analysis of residential construction and financing before World War I, through the boom and bust of the interwar years, and during a remarkable post-World War II expansion.

This chapter is no longer available for free download, since the book has been published. To obtain a copy, you must buy the book.
Order from Amazon.com

This paper was revised on July 3, 2013

Machine-readable bibliographic record - MARC, RIS, BibTeX

Users who downloaded this chapter also downloaded these:
Fishback and Kollmann New Multicity Estimates of the Changes in Home Values, 1920-1940
Field The Interwar Housing Cycle in the Light of 2001-2012: A Comparative Historical Perspective
Snowden, White, and Fishback Introduction to "Housing and Mortgage Markets in Historical Perspective"
 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us