Level from FDIC, unpublished data on mortgage loans outstanding to the FDIC 1-4 Family Residential Loans, plus a percentage of Construction/Land Development Loans calculated as the ratio of 1-4 family residential loans to total mortgage loans excluding construction/land development loans. Transactions are calculated as the change in level. Data for the most recent ten years show no significant seasonality.
Last edited on: 08/31/2009