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Category Archives: Housing

American Community Survey: 2011-2013

“The U.S. Census Bureau today released the second of its annual series of data sets from the American Community Survey, this one combining the three years of data collected between 2011 and 2013. The statistics paint a detailed portrait of the nation, all states, and the District of Columbia, all congressional districts and all other geographic areas with populations of 20,000 or more. For each covered area, the American Community Survey includes statistics on more than 40 economic, housing and social topics. By pooling three years of survey responses, the Census Bureau is able to produce more reliable statistics for more areas of the country than is possible with data compiled from one year of data collection.

The Unequal Mortgage Market Is No Coincidence

Michela Zonta, Center for American Progress: “Persistent racial and ethnic inequality in the mortgage market is not a coincidence. Nearly 50 years after the adoption of the Fair Housing Act, newly released federal data indicate that people of color continued to lose ground in the homeownership market in 2013. In particular, black and Hispanic households continued toContinue Reading

Returning to the Nest: Debt and Parental Co-Residence Among Young Adults

Dettling, Lisa J. and Hsu, Joanne W., Returning to the Nest: Debt and Parental Co-Residence Among Young Adults (September 2, 2014). FEDS Working Paper No. 2014-80. Available for download at SSRN: http://ssrn.com/abstract=2511411 “This paper examines the relationship between a young adults’ debt burden and the decision to co-reside with a parent. Using a quarterly panel ofContinue Reading

American Housing Survey: 2013 Detailed Tables

Release Number: CB14-TPS.78: “The first findings from the 2013 American Housing Survey are now available in the form of dozens of detailed tables and a microdata file. The American Housing Survey is conducted biennially and, as in past years, provides current national-level information on a wide range of housing subjects. Topics unique to this surveyContinue Reading

Federal Reserve Board Beige Book – October 15, 2014

Summary of Commentary on Current Economic Conditions By Federal Reserve District, October 2014 “Reports from the twelve Federal Reserve Districts generally described modest to moderate economic growth at a pace similar to that noted in the previous Beige Book. Moderate growth was reported by the Cleveland, Chicago, St. Louis, Minneapolis, Dallas, and San Francisco Districts,Continue Reading

Housing: Before, During, and After The Great Recession

BLS – September 2014: Demtrio M.Scopelit – “Home ownership symbolizes the American dream. The home we live in often represents how we chose to live our lives. As Winston Churchill once said, “We shape our dwellings, and afterwards our dwellings shape us.” As the 2000s unfolded, economic growth and public policies designed to increase home ownership ledContinue Reading

Community Credit Profiles: Mortgage Markets

New York Fed Overview – Explore Maps: “Community Credit Profiles provide local information on credit access and use to help inform community development policymakers and practitioners. Indicators are updated twice a year at the national, state, and county levels to enable peer comparisons and program and activity benchmarks. Homeownership is a widely acknowledged marker of economicContinue Reading

GAO – HOUSING FINANCE SYSTEM: A Framework for Assessing Potential Changes

A Framework for Assessing Potential Changes – GAO-15-131: Published: Oct 7, 2014. Publicly Released: Oct 7, 2014. “Developments in the single-family housing finance market from 2000-2013 led to changes in the federal government’s role in the housing finance system and ultimately to a significant increase in that role. For example: Before the 2007-2009 financial crisis, the marketContinue Reading

The Middle-Class Squeeze – Report

Jennifer Erickson | September 24, 2014, Center for American Progress “The American middle class is in trouble. The middle-class share of national income has fallen, middle-class wages are stagnant, and the middle class in the United States is no longer the world’s wealthiest. But income is only one side of the story. The cost of being in the middleContinue Reading

Budgetary Estimates Single-Family Mortgage Guarantee Program of FHA

“Loan guarantees made in the Federal Housing Administration’s (FHA’s) guarantee program for single-family mortgages from 1992 to 2013 are now projected to generate small costs over their lifetimes rather than the significant savings that were recorded in the federal budget at the time the guarantees were made—a deterioration that stems largely from the sharp downturnContinue Reading

The Price of Crisis: Eminent Domain, Local Governments, and the Value of Underwater Mortgages

Brescia, Raymond H. and Martin, Nicholas M., The Price of Crisis: Eminent Domain, Local Governments, and the Value of Underwater Mortgages (September 19, 2014). Temple Political & Civil Rights Law Review, Vol. 24, 2014, Forthcoming. Available for download at SSRN: http://ssrn.com/abstract=2498651 “Governments at all levels in the U.S. have deployed a range of tactics to addressContinue Reading

Presentations about the Budget Outlook – CBO

Doug Elmendorf, CBO Director, at the Macroeconomic Advisers’ 24th Annual Washington Policy Seminar: “I was very pleased to speak last week at Macroeconomic Advisers’ Washington Policy Seminar and at Cornell University. (See my slides for the first talk and my slides for the second talk.) In both presentations I described CBO’s updated outlook for the federal budget under current lawContinue Reading