Housing Market Indicators

Housing Market Indicators
Numerous government agencies and industry groups publish a wide array of data on housing markets and housing finance. These page links organizes some of the key sources of such data by topic, providing the user with a reference point from which to access these data. As noted in the disclaimer below, OFHEO does not endorse any industry data source but provides the links below as a service to those interested in housing market indicators.
Most of the sources below are updated regularly and many also provide historical data. The Department of Housing and Urban Development's quarterly publication U.S. Housing Market Conditionsprovides a rich array of historical housing market data from various government and industry sources.
*Note: Visitors who use the following links leave OFHEO's Web site and enter a non-OFHEO Web site. OFHEO is not responsible for the content of linked Web sites, which are not within the control of OFHEO, and which may not follow the same privacy, security, or accessibility policies. A visitor to a non-OFHEO Web site is subject to the policies of that Web site.
Some of the following links are links to private industry Web sites. In furnishing such private industry links, OFHEO does not endorse, approve, or support any individual, organization, sponsor, view, item, product, or service presented or referenced at the linked Web site. OFHEO cannot attest to the accuracy of information provided by these Web sites.
Six categories of data are provided below:
I. DATA COMPILATIONS
II. HOUSE PRICES AND AFFORDABILITY
III. HOME SALE VOLUMES AND INVENTORIES
IV. HOUSING STOCK, STARTS, CONSTRUCTION, AND REMODELING
V. MORTGAGE MARKETS
VI. HOUSING VACANCIES AND HOMEOWNERSHIP RATES
I. DATA COMPILATIONS
GOVERNMENT
U.S. Department of Housing and Urban Development
U.S. Housing Market Conditions (Quarterly compendium of housing data):
http://www.huduser.org/periodicals/ushmc.html
Census Bureau
Web portal for Census Bureau data releases, which includea number of housing-related statistics:
http://www.census.gov/cgi-bin/briefroom/BriefRm
INDUSTRY
National Association of Home Builders
Web portal for the latest housing-related data:
http://www.nahb.org/generic.aspx?sectionID=728
II. HOUSE PRICES AND AFFORDABILITY
HOUSE PRICE INDEXES AND LEVELS
GOVERNMENT
OFHEO
Quarterly House Price Indexes for the U.S., Census Divisions, States, and Metropolitan Areas
hpi.aspx
Federal Reserve Board
Mortgage Comparison Calculator:
This mortgage calculator is designed tocompare monthly payments and the amount of equity one will build in their home for several kinds of fixed and adjustable-rate mortgages.
//https://www.federalreserve.gov/apps/mortcalc/
Federal Reserve Bank of Atlanta
Online Mortgage Calculator
This home mortgage tool is designed to help consumers determine whether they qualify for a particular mortgage product based on their financial profile and the lender's underwriting criteria.
http://www.frbatlanta.org/partnerssoftwareonline/dsp_main.cfm
Census Bureau
Quarterly Constant-Quality House Price Index (CQHPI) for New Homes:
http://www.census.gov/const/price_sold.pdf
Note: OFHEO's House Price Index is sometimes referred to as a constant-quality index, but is computed using a different methodology than this Census Bureau index. Also, importantly, the CQHPI is calculated using a relative small sample of new homes. OFHEO's index is calculated using a larger sample and is focused on existing homes.
Federal Housing Finance Board
Monthly mean and median home prices for the U.S.
These statistics are computed using loan-level survey data from the Finance Board's Monthly Interest Rate Survey (MIRS):
http://www.fhfb.gov/Default.aspx?Page=52 (for recent data)
http://www.fhfb.gov/Default.aspx?Page=53 (for older data)
Note: Changes in the Enterprises' conforming loan limits are a function of annual growth in average home prices as reported in the Finance Board's October survey.
Annual average prices forstates (from the Finance Board's MIRS data):
http://www.fhfb.gov/GetFile.aspx?FileID=4115
Annual median prices for states (from the MIRS data):
http://www.fhfb.gov/GetFile.aspx?FileID=4084
Annual average prices for metropolitan areas (from the MIRS data):
http://www.fhfb.gov/GetFile.aspx?FileID=4114
INDUSTRY
S&P/Case-Shiller
Monthly (three-month rolling average) repeat-transactions house price indexes for twenty metropolitan areas, two "composite" indexes, and a quarterly home price index for the United States:
Link to S&P/Case-Shiller portal
Note: For discussion of how these indexes differ from the OFHEO HPI, see FAQs to OFHEO's HPI and releaseof June 22, 2007 - "A Note on the Differences between the OFHEO and S&P/Case-Shiller House Price Indexes"
National Association of Realtors
Monthly mean and median prices for existing homes for the U.S. and four regions:
http://www.realtor.org/Research.nsf/files/EHSreport.pdf/$FILE/EHSreport.pdf
Monthly mean and median prices for U.S. (single-family and co-op prices distinguished):
http://www.realtor.org/Research.nsf/files/totalsalesreport.pdf/$FILE/totalsalesreport.pdf
Quarterly median prices by metropolitan area for existing single-family homes: http://www.realtor.org/Research.nsf/files/MSAPRICESF.pdf/$FILE/MSAPRICESF.pdf
Quarterly median prices by metropolitan area for condos and co-ops:
http://www.realtor.org/Research.nsf/files/MSAPRICECD.pdf/$FILE/MSAPRICECD.pdf
Freddie Mac
Quarterly repeat-transactions house price index for existing homes:
http://www.freddiemac.com/finance/cmhpi/
Note: Unlike OFHEO's HPI, Freddie Mac's index applies an approximation factor that makes it mimic a value-weighted measure of home appreciation. The OFHEO HPI is not adjusted in this way; more expensive homes generally have no greater influence on the index than lower-priced homes.
HOUSING AFFORDABILITY
INDUSTRY
National Association of Realtors
Monthly housing affordability index for all home buyers and first-time home buyers (calculated with median existing sales prices and median family incomes):
http://www.realtor.org/Research.nsf/Pages/HousingInx
III. HOME SALE VOLUMES AND INVENTORIES
GOVERNMENT
Census Bureau
Monthly sales estimates for new homes by region and stage of construction: http://www.census.gov/const/newressales.pdf
Monthly new home sales inventories for the U.S.:
http://www.census.gov/const/newressales.pdf
INDUSTRY
National Association of Realtors
Monthly sales volumes for existing homes by region:
http://www.realtor.org/Research.nsf/files/EHSreport.pdf/$FILE/EHSreport.pdf
Monthly sales volumes for U.S. (single-family and co-op prices distinguished): http://www.realtor.org/Research.nsf/files/totalsalesreport.pdf/$FILE/totalsalesreport.pdf
Monthly sales inventories of existing homes (single-family and condo properties distinguished):
http://www.realtor.org/Research.nsf/files/totalsalesreport.pdf/$FILE/totalsalesreport.pdf
Monthlysales inventories for existing homes:
http://www.realtor.org/Research.nsf/files/EHSreport.pdf/$FILE/EHSreport.pdf
Monthly pending home sales index (A forecast of existing homes sales in the following 1-2 months):
http://www.realtor.org/Research.nsf/Pages/PHSdata
National Association of Home Builders
Monthly survey of home builders that reports builder confidence in the business outlook ("NAHB/Wells Fargo Housing Market Index"):
http://www.nahb.org/fileUpload_details.aspx?contentID=57939
IV. HOUSING STOCK, STARTS, CONSTRUCTION, AND REMODELING
VALUE AND NUMBER OF EXISTING HOMES
GOVERNMENT
Census Bureau
Decennial estimates for the number of attached and detached housing units by state 1940-2000:
http://www.census.gov/hhes/www/housing/census/historic/units.html
Note: OFHEO's U.S. HPI is constructed as a weighted average of census division indexes, where the weights are the Year 2000 estimate of the number of one-unit, detached properties as reflected in the first column of the table.
Quarterly estimates of the total number of units in the U.S. housing stock:
http://www.census.gov/hhes/www/housing/hvs/historic/histtab8.html
Bureau of Economic Analysis
Annual estimate of the total value of residential fixed assets (see Table 5.1):
http://www.bea.gov/national/FA2004/SelectTable.asp
NEW CONSTRUCTION
GOVERNMENT
Census Bureau
Monthly estimates of building permits, housing starts, and housing completions in the U.S. and the four regions:
http://www.census.gov/const/newresconst.pdf
Monthly estimate of total expenditures on construction activities (including on residential properties):
http://www.census.gov/const/C30/release.pdf
New Home characteristics (square footage, number of bedrooms, number of bathrooms, etc.) by year:
http://www.census.gov/const/www/charindex_excel.html
Bureau of Economic Analysis
Quarterly Estimates for residential fixed investments:
http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm (See Table 1)
INDUSTRY
National Association of Home Builders
Quarterly, survey-based index of remodeling activity. The publication includes seasonally adjusted measures of current and expected strength in remodeling activity:
http://www.nahb.org/fileUpload_details.aspx?contentID=563
HOME REMODELING AND REPAIR
GOVERNMENT
Census Bureau
Quarterly estimate of total U.S. expenditures on residential improvements and repairs:
http://www.census.gov/const/www/c50index.html
Biennual estimates of total U.S. expenditures on home alterations and improvements (data are calculated using the American Housing Survey):
http://www.census.gov/hhes/www/housing/ahs/nationaldata.html
V. MORTGAGE MARKETS
PRIMARY MORTGAGE MARKET VOLUMES
GOVERNMENT
Board of Governors of the Federal Reserve System
Net Change in Mortgages Outstanding (Table F. 217):
http://www.federalreserve.gov/releases/z1/current/z1.pdf
Total Outstanding Mortgages (Table L. 217):
http://www.federalreserve.gov/releases/z1/current/z1.pdf
INDUSTRY
Mortgage Bankers Association (MBAA)
Weekly volume measures of mortgage applications with a separate index provided for refinance activity
Link to MBAA Weekly Survey
INTEREST RATES
GOVERNMENT
Federal Housing Finance Board (FHFB)
Monthly average mortgage rates calculated for different mortgage terms from FHFB's Monthly Interest Rate Survey (MIRS):
http://www.fhfb.gov/Default.aspx?Page=52 (for recent data)
http://www.fhfb.gov/Default.aspx?Page=53 (for older data)
INDUSTRY
Freddie Mac
Weekly average mortgage commitment rates calculated from Freddie Mac's weekly Primary Mortgage Market Survey:
http://www.freddiemac.com/dlink/html/PMMS/display/PMMSOutputYr.jsp?year=2007
Mortgage Bankers Association (MBA)
Weekly average mortgage commitment rates by mortgage product from the MBA's weekly Mortgage Applications Survey (see press release section):
Link toMBAA Survey
OTHER MORTGAGE CHARACTERISTICS
GOVERNMENT
Federal Housing Finance Board
Monthly estimate of the share of conventional mortgages having adjustable rates (from MIRS data):
http://www.fhfb.gov/GetFile.aspx?FileID=4086
Monthly comparison of average loan amounts for fixed and adjustable rate mortgages (from MIRS data):
http://www.fhfb.gov/GetFile.aspx?FileID=6495
Monthly average loan-to-value ratios (from MIRS data):
http://www.fhfb.gov/Default.aspx?Page=52 (for recent data)
http://www.fhfb.gov/GetFile.aspx?FileID=6413 (for older data)
INDUSTRY
Freddie Mac
Monthly, survey-based measure of the share of mortgages having adjustable mortgages rates:
http://www.freddiemac.com/news/finance/docs/monthly_arm.xls
Quarterly, survey-based measure of the share of refinance mortgages that involve "cash-outs" (defined by Freddie Mac as situations where the new loan's balance exceeded that of the old loan by 5 percent or more):
http://www.freddiemac.com/news/finance/data.html
Monthly, survey-based measure of the share of mortgages from refinances:
http://www.freddiemac.com/news/finance/docs/monthly_refi.xls
SECONDARY MORTGAGE MARKET VOLUMES
GOVERNMENT
OFHEO
Annual review ofdevelopments in the housing sector, activity in the primary and secondary mortgage markets, and the financial performance of Fannie Mae and Freddie Mac. An appendix provides tables with historical data on the activities and performance of the Enterprises, federally-established loan limits, mortgage interest rates, housing activity, and regional and national home prices, which provide a context for the survey of recent activity provided in the paper:
"Mortgage Markets and the Enterprises in 2006"
INDUSTRY
Fannie Mae
Monthly mortgage purchases and issuances of MBS:
http://www.fanniemae.com/ir/monthly/index.jhtml?s=Monthly+Summary
Freddie Mac
Monthly mortgages purchases and issuances of MBS:
http://www.freddiemac.com/investors/volsum/
VI. HOUSING VACANCIES AND HOMEOWNERSHIP RATES
GOVERNMENT
Census Bureau
Quarterly estimates for vacancy and homeownership rates by region and for the U.S.
Homeownership rate estimates are provided for different demographic groups:
http://www.census.gov/hhes/www/housing/hvs/hvs.html