Table 3. FHA's Role in the Homebuyers' Market, 1991–99
| Homebuyers | 1991–93 | 1994–96 | 1997–99 | Total |
|---|---|---|---|---|
| All homebuyers | ||||
| FHA-insured loans | 1,805,976 | 1,858,241 | 2,380,600 | 6,044,817 |
| Total market | 13,297,480 | 14,864,222 | 16,136,842 | 44,298,544 |
| FHA share (%) | 14 | 13 | 15 | 14 |
| All first-time homebuyers | ||||
| FHA-insured loans | 1,161,269 | 1,316,781 | 1,917,885 | 4,395,935 |
| Total market | 4,979,952 | 5,975,955 | 6,453,695 | 17,409,602 |
| FHA share (%) | 23 | 22 | 30 | 25 |
| African-American and Hispanic homebuyers | ||||
| FHA-insured loans | 349,415 | 500,833 | 741,868 | 1,592,116 |
| Total market | 1,715,643 | 2,251,338 | 2,733,619 | 6,700,600 |
| FHA share (%) | 20 | 22 | 27 | 24 |
| African-American
and Hispanic first-tme homebuyers |
||||
| FHA-insured loans | 254,688 | 385,639 | 637,323 | 1,277,650 |
| Total market | 975,452 | 1,425,607 | 1,729,043 | 4,130,102 |
| FHA share (%) | 26 | 27 | 37 | 31 |
| Minority homebuyers | ||||
| FHA-insured loans | 398,837 | 572,551 | 872,099 | 1,843,487 |
| Total market | 2,194,893 | 2,762,508 | 3,415,806 | 8,373,207 |
| FHA share (%) | 18 | 21 | 26 | 22 |
| Minority first-time homebuyers | ||||
| FHA-insured loans | 289,755 | 439,949 | 743,456 | 1,473,160 |
| Total market | 1,209,445 | 1,687,532 | 2,119,550 | 5,016,527 |
| FHA share (%) | 24 | 26 | 35 | 29 |
Source: Federal Housing Administration and American Housing Survey (1991, 1993, 1995, 1997, 1999)