Why is water coming out from tailpipe in 96 Honda accord?

All internal combustion engines produce water as a part of the combustion proses. Before the engine reaches normal operational temperature, that water is sent out the tail pipe with all the other byproducts. Once the engine reaches operating temperature the water is still sent to the tail pipe, but it's so hot it's coming out as steam.

Condensation as mentioned above but if the accord has a catalytic converter water is a by product. If the water is copious then you may have a leaking gasget on the cylinderhead. In this case there would be white steam from the tail pipe.