Source: Department of Commerce, Bureau of Economic Analysis.

Chart I

Chart I

Gross Private Domestic Investment

Gross Private Domestic Investment is one of the four main components of GNP. (The other three are Consumer Purchases, Government Purchases and Net Exports.)

The graph and following table illustrate that residential fixed investment has not "crowded out" other investments. Nonresidential fixed investment has grown much faster than residential fixed investment over the decade.

Chart II

Funds Raised in U.S. Credit Markets

The supply of total funds raised going to mortgages has declined substantially since 1977.