1947-1953 1953-1960 1960-1966 1966-1970 1970-1972 1972-1975 Ist Qtr. 1975 4th Qtr. 1975 (annual rate) Full-time unemployment down from 8.5% (7.9M) to 30% (3 OM) 2/Growth is less than growth of GNP, because of needed growth in public outlays to meet domestic priorities and needed growth rate in gross private domestic investment 3/Nonresidential investment and net foreign up 63 0%($978) Residential structures up 1875°% $ *SB) Chart 7 HOUSING STARTS, 1950-FEB. 1975, AND GOALS FOR FISCAL 1977-1982 44 Non-farm only, farm not available. 2/ Inclusive. Bosed on earlier officially estimated needed annual average of 2.2 million during 1970-1980 inclusive Source Dept of Commerce, Bureau of the Census Chart 9 GOALS FOR A MODEL FEDERAL BUDGET, FISCAL 1977 AND CALENDAR 1980 GEARED TO ECONOMIC GROWTH AND PRIORITY NEEDS Includes categories other than those listed in detail. Dollar goals would be higher in 1980, to extent of further inflation. 2 The housing portion of this $70 billion in the President's Budget proposed for 1977, coming to $3.3 billion, appears in part In "income security" and in part in "commerce and transportation" in the President's Budget The proposed goal increases for housing and community development" includes $3.3 billion for housing for fiscal 1977 and $10 8 billion for calendar 1980. Note Population-- 216 5 for fiscal 1977, ond 222 O for calendar 1980 GNP (in fiscal 1977 dollars)--$1,837 billion for President's Budget, $1,997 billion for fiscol 1977 goal, and $2435 billion for calendar 1980 goal Basic Data Office of Management and Budget for President's Budget, Dept of Commerce for population |