List of Tables

2008 State of the Nation's Housing Appendix Tables Number A-1 A-2 A-3 A-4 A-5 A-6 A-7 W-1 W-2 W-3 W-4 W-5 W-6 W-7 W-8 W-9 W-10 W-11 Title Income and Housing Costs, US Totals: 1975-2007 Housing Market Indicators: 1975-2007 Terms on Conventional Single-Family Mortgages: 1980-2007 Mortgage Refinance, Cash-Out, and Home Equity Loan Volumes: 1995-2007 Homeownership Rates by Age, Race/Ethnicity, and Region: 1994-2007 Mortgage Originations by Product: 2001-2007 Housing Cost-Burdened Households by Tenure and Income: 2001 and 2006 State Permitting Levels: 2001–2007 House Price Changes in the 50 Largest Metros: 2006:4–2007:4 Median Single-Family Home Prices by Metro: 2003–2007 Households by Tenure, Race/Ethnicity, and Region: 2003–2007 Median Income and Homeownership Rates by Age and Household Type: 2007 Components of Population Change by State: 2000–2007 Earned Income by Gender, Race/Ethnicity, and Educational Attainment: 1986 and 2006 Investor Share of Non-Prime Loan Originations by Metro: 2003–2007 Mortgage Performance by State: 2007:4 Changes in Metro Area Rents: 2004–2007 JCHS Household Projections: 2010–2020 State of the Nation's Housing 2008 Table A-1. Income and Housing Costs, US Totals: 1975-2007 2007 Dollars Monthly Income Owner Costs Before-Tax After-Tax Mortgage Mortgage Mortgage Rate (%) Payment Payment 8.9 8.9 8.8 9.4 10.6 12.5 14.4 14.7 12.3 12.0 11.2 9.8 9.0 9.0 9.8 9.7 9.1 7.8 6.9 7.3 7.7 7.6 7.5 7.0 7.1 7.9 6.9 6.4 5.7 5.7 5.9 6.5 6.4 899 912 943 1,050 1,173 1,292 1,415 1,404 1,182 1,157 1,101 1,032 990 1,013 1,104 1,075 992 882 800 831 866 866 875 859 899 999 957 955 918 989 1,099 1,246 1,230 769 784 868 934 1,025 1,100 1,183 1,189 1,008 991 945 891 884 927 1,001 978 909 821 755 785 814 813 821 809 841 922 890 892 884 944 1,035 1,155 1,144 Renter Costs Year 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Owner 4,522 4,661 4,676 4,726 4,733 4,444 4,316 4,323 4,420 4,536 4,656 4,821 4,851 4,878 4,943 4,798 4,726 4,690 4,651 4,697 4,742 4,822 4,932 5,079 5,191 5,138 5,033 5,004 5,031 4,994 5,041 5,115 5,107 Renter 2,690 2,697 2,714 2,750 2,691 2,551 2,517 2,542 2,536 2,614 2,652 2,683 2,657 2,737 2,828 2,739 2,625 2,553 2,526 2,510 2,558 2,580 2,639 2,691 2,788 2,805 2,781 2,677 2,588 2,551 2,568 2,639 2,615 Home Price 124,969 127,387 132,334 140,372 141,458 134,913 129,320 125,505 125,284 125,019 126,688 133,038 137,348 140,093 142,008 139,186 136,086 135,689 134,538 134,549 135,138 136,600 138,847 143,920 148,067 153,283 160,837 168,951 176,239 189,753 207,010 218,485 217,900 Contract Rent 654 654 653 651 629 605 597 607 625 632 650 677 680 678 672 664 660 657 653 652 650 648 652 662 668 670 681 696 701 701 698 701 710 Gross Rent 708 710 712 711 688 666 660 675 696 703 720 745 745 741 734 724 719 716 712 710 706 704 708 717 722 724 739 751 758 759 760 766 775 Cost as Percent of Income Owners Renters Before-Tax After-Tax Mortgage Mortgage Contract Gross Payment Payment Rent Rent 19.9 19.6 20.2 22.2 24.8 29.1 32.8 32.5 26.8 25.5 23.6 21.4 20.4 20.8 22.3 22.4 21.0 18.8 17.2 17.7 18.3 18.0 17.8 16.9 17.3 19.4 19.0 19.1 18.2 19.8 21.8 24.4 24.1 17.0 16.8 18.6 19.8 21.7 24.7 27.4 27.5 22.8 21.8 20.3 18.5 18.2 19.0 20.3 20.4 19.2 17.5 16.2 16.7 17.2 16.9 16.6 15.9 16.2 17.9 17.7 17.8 17.6 18.9 20.5 22.6 22.4 24.3 24.2 24.0 23.7 23.4 23.7 23.7 23.9 24.6 24.2 24.5 25.2 25.6 24.8 23.8 24.3 25.1 25.7 25.8 26.0 25.4 25.1 24.7 24.6 24.0 23.9 24.5 26.0 27.1 27.5 27.2 26.5 27.2 26.3 26.3 26.2 25.9 25.6 26.1 26.2 26.5 27.4 26.9 27.1 27.8 28.0 27.1 25.9 26.4 27.4 28.0 28.2 28.3 27.6 27.3 26.8 26.6 25.9 25.8 26.6 28.1 29.3 29.7 29.6 29.0 29.6 Notes and Sources: All dollar amounts are expressed in 2007 constant dollars using the CPI-U for All Items. Owner and renter median incomes through 2006 are from US Census Bureau, Current Population Survey (CPS) P60 published reports. Renters exclude those paying no cash rent. 2007 income is based on Moody's Economy.com estimate for all households, adjusted by the three-year average ratio of CPS owner and renter incomes to all household incomes. Home price is the 2007 median sales price of existing single-family homes determined by the National Association of Realtors®, indexed by the Freddie Mac Conventional Mortgage Home Price Index. Mortgage rates are from the Federal Housing Finance Board, Monthly Interest Rate Survey; 2007 and 2006 values are the average of monthly rates. Mortgage payments assume a 30-year mortgage with 10% down. After-tax mortgage payment equals mortgage payment less tax savings of homeownership. Tax savings are based on the excess of housing (mortgage interest and real-estate taxes) plus non-housing deductions over the standard deduction. Non-housing deductions are set at 5% of income through 1986, 4.25% from 1987 to 1993, and 3.5% from 1994 on. Contract rent equals median 2005 contract rent from the American Housing Survey, indexed by the CPI residential rent index with adjustments for depreciation in the stock before 1987. Gross rent is equal to contract rent plus fuel and utilities. Appendix Table A-1 State of the Nation's Housing 2008 Table A-2. Housing Market Indicators: 1975-2007 Sales Price of Residential Upkeep Permits (1) Starts (2) Size (3) Single-family Homes and Improvement (6) (Thousands) (Thousands) (Median sq. ft.) (2007 dollars) (Millions of 2007 dollars) SingleMulti- SingleMulti- Manu- Single- MultiOwner Year family family family family factured family family New (4) Existing (5) occupied Rental 1975 676 264 892 268 229 1,535 942 201,238 124,969 64,398 32,852 1976 894 403 1,162 375 250 1,590 894 206,633 127,387 73,703 32,075 1977 1,126 564 1,451 536 258 1,610 881 218,269 132,334 78,507 28,499 1978 1,183 618 1,433 587 280 1,655 863 232,173 140,372 83,600 35,502 1979 982 570 1,194 551 280 1,645 893 238,198 141,458 86,149 34,436 1980 710 480 852 440 234 1,595 915 231,272 134,913 85,828 30,750 1981 564 421 705 379 229 1,550 930 226,353 129,320 73,515 32,190 1982 546 454 663 400 234 1,520 925 218,294 125,505 68,269 29,022 1983 902 704 1,068 636 278 1,565 893 215,926 125,284 71,512 31,089 1984 922 759 1,084 665 288 1,605 871 215,477 125,019 93,331 47,525 1985 957 777 1,072 670 283 1,605 882 210,344 126,688 98,903 59,323 1986 1,078 692 1,179 626 256 1,660 876 214,551 133,038 111,159 67,259 1987 1,024 510 1,146 474 239 1,755 920 218,209 137,348 109,035 70,551 1988 994 462 1,081 407 224 1,810 940 217,408 140,093 118,902 68,358 1989 932 407 1,003 373 203 1,850 940 215,711 142,008 110,329 70,313 1990 794 317 895 298 195 1,905 955 208,776 139,186 106,698 76,387 1991 754 195 840 174 174 1,890 980 202,863 136,086 101,574 62,335 1992 911 184 1,030 170 212 1,920 985 199,728 135,689 111,831 58,931 1993 987 213 1,126 162 243 1,945 1,005 201,381 134,538 114,481 60,395 1994 1,069 303 1,198 259 291 1,940 1,015 207,923 134,549 126,810 55,909 1995 997 335 1,076 278 319 1,920 1,040 206,693 135,138 114,137 55,851 1996 1,070 356 1,161 316 338 1,950 1,030 206,073 136,600 116,971 56,588 1997 1,062 379 1,134 340 336 1,975 1,050 206,029 138,847 121,360 51,166 1998 1,188 425 1,271 346 374 2,000 1,020 207,979 143,920 126,415 43,613 1999 1,247 417 1,302 339 338 2,028 1,041 214,070 148,067 123,535 54,275 2000 1,198 394 1,231 338 281 2,057 1,039 215,075 153,283 125,902 58,256 2001 1,236 401 1,273 329 196 2,103 1,104 215,486 160,837 128,339 56,329 2002 1,333 415 1,359 346 174 2,114 1,070 221,663 168,951 140,014 59,710 2003 1,461 428 1,499 349 140 2,137 1,092 228,971 176,239 135,103 64,194 2004 1,613 457 1,611 345 124 2,140 1,105 240,667 189,753 157,404 60,493 2005 1,682 473 1,716 353 123 2,227 1,143 250,841 207,010 176,514 51,728 2006 1,378 461 1,465 336 111 2,248 1,172 254,423 218,485 182,701 51,960 2007 980 419 1,046 309 95 2,227 1,197 247,900 217,900 174,235 52,124 Vacancy Rates (7) (Percent) For For Sale Rent 1.2 6.0 1.2 5.6 1.2 5.2 1.0 5.0 1.2 5.4 1.4 5.4 1.4 5.0 1.5 5.3 1.5 5.7 1.7 5.9 1.7 6.5 1.6 7.3 1.7 7.7 1.6 7.7 1.8 7.4 1.7 7.2 1.7 7.4 1.5 7.4 1.4 7.3 1.5 7.4 1.5 7.6 1.6 7.8 1.6 7.7 1.7 7.9 1.7 8.1 1.6 8.0 1.8 8.4 1.7 8.9 1.8 9.8 1.7 10.2 1.9 9.8 2.4 9.7 2.7 9.7 Value Put in Place (8) Home Sales (Millions of 2007 dollars) (Thousands) SingleMulti- Additions & New (9) Existing (10) family family Alterations 114,204 25,735 58,815 549 2,476 159,792 25,175 63,764 646 3,064 212,821 34,266 67,639 819 3,650 231,365 40,799 77,060 817 3,986 206,321 48,584 77,586 709 3,827 133,137 42,034 77,365 545 2,973 118,508 39,818 67,999 436 2,419 89,068 33,379 59,451 412 1,990 150,925 46,720 64,255 623 2,697 172,374 56,306 80,604 639 2,829 168,287 54,983 85,987 688 3,134 196,956 58,706 104,989 750 3,474 213,899 46,445 103,986 671 3,436 210,442 39,073 108,828 676 3,513 202,166 37,287 102,017 650 3,010 179,046 30,532 93,524 534 2,914 151,331 23,056 78,652 509 2,886 180,225 19,347 95,040 610 3,151 201,021 15,476 106,384 666 3,427 227,035 19,696 114,941 670 3,544 208,817 24,333 103,306 667 3,519 225,652 26,853 118,913 757 3,797 226,259 29,555 117,471 804 3,964 253,604 31,253 115,254 886 4,495 278,520 34,136 123,546 880 4,649 285,053 34,019 131,711 877 4,603 291,561 35,473 127,509 908 4,735 306,386 37,971 141,816 973 4,974 349,903 39,563 146,744 1,086 5,446 414,333 43,835 161,676 1,203 5,958 460,147 50,203 170,402 1,283 6,180 427,759 54,519 177,187 1,051 5,677 303,435 49,053 173,026 776 4,939 Notes: All value series are adjusted to 2007 dollars by the CPI-U for All Items. All links are as of May 2008. Sources: 1. US Census Bureau, New Privately Owned Housing Units Authorized by Building Permits, www.census.gov/pub/const/bpann.pdf. 2. US Census Bureau, New Privately Owned Housing Units Started, www.census.gov/const/startsan.pdf; and Placements of New Manufactured Homes, www.census.gov/pub/const/mhs/mhstabplcmnt.pdf. Manufactured housing starts defined as placements of new manufactured homes. 3. US Census Bureau, Characteristics of New Housing, www.census.gov/const/www/charindex.html. 4. New home price is the 2007 median price from US Census Bureau, Median and Average Sales Price of New One-Family Houses Sold, www.census.gov/const/uspriceann.pdf, indexed by the US Census Bureau, Price Indexes of New One-Family Houses Sold, www.census.gov/const/price_sold.pdf. 5. Existing home price is the 2007 median sales price of existing single-family homes determined by the National Association of Realtors®, indexed by annual averages of the quarterly Freddie Mac Conventional Mortgage Home Price Index. 6. US Census Bureau, Expenditures for Residential Improvements and Repairs by Property Type, www.census.gov/const/C50/histtab2new.pdf. 7. US Census Bureau, Housing Vacancy Survey. Rates for 1976-1979 are annual averages of quarterly rates. 8. US Census Bureau, Annual Value of Private Construction Put in Place, www.census.gov/const/C30/private.pdf. 9. US Census Bureau, Houses Sold by Region, www.census.gov/const/soldann.pdf. 10. National Association of Realtors®, Existing Single-Family Home Sales. Appendix Table A-2 State of the Nation's Housing 2008 Table A-3. Terms on Conventional Single-Family Mortgages: 1980-2007 Annual Averages, All Homes Mortgage Purchase Loan Amount Price Loan-to(Thousands of (Thousands of Price Ratio 2007 dollars) 2007 dollars) (%) 130.1 122.5 118.2 124.7 128.7 135.2 150.0 162.6 170.7 174.7 165.0 161.8 160.6 153.5 153.7 150.2 156.8 163.5 167.6 173.3 178.5 182.3 188.3 189.2 203.6 224.9 228.6 224.5 184.7 174.0 168.4 173.0 172.8 185.1 209.2 222.3 230.6 238.7 226.2 223.3 216.3 205.3 198.6 194.2 204.9 212.5 220.5 229.2 239.4 252.2 266.4 274.2 287.5 318.2 315.0 300.4 72.9 73.1 72.9 74.5 77.0 75.8 74.1 75.2 76.0 74.8 74.7 74.4 76.6 77.2 79.9 79.9 79.0 79.4 78.9 78.5 77.8 76.2 75.1 73.5 74.9 74.7 76.5 79.4 Percent of Loans with: Loan-toPrice Ratio Adjustable More than 90% Rates 10 15 21 21 27 21 11 8 8 7 8 9 14 17 25 27 25 25 25 23 22 21 21 20 18 15 19 29 na na 41 40 62 51 30 43 58 38 28 23 20 20 39 32 27 22 12 21 24 12 17 18 35 30 22 10 Year 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Effective Interest Rate (%) 12.8 14.9 15.3 12.7 12.5 11.6 10.2 9.3 9.3 10.1 10.1 9.3 8.1 7.1 7.5 7.9 7.7 7.7 7.1 7.3 8.0 7.0 6.5 5.7 5.7 5.9 6.6 6.5 Term to Maturity (Years) 27.2 26.4 25.6 26.0 26.8 25.9 25.6 26.8 27.7 27.7 27.0 26.5 25.4 25.5 27.1 27.4 26.9 27.5 27.8 28.2 28.7 27.6 27.3 26.8 27.9 28.5 29.0 29.3 Notes: The effective interest rate includes the amortization of initial fees and charges. Loans with adjustable rates do not include hybrid products. na indicates data not available. Estimates for 2006 and 2007 are averages of monthly data. Dollar amounts are adjusted for inflation by the CPI-U for All Items. Source: Federal Housing Finance Board, Monthly Interest Rate Survey. Appendix Table A-3 State of the Nation's Housing 2008 Table A-4. Mortgage Refinance, Cash-Out and Home Equity Loan Volumes: 1995-2007 Percentage of Refinances Median Statistics on Loan Terms and Property Resulting in: Valuation 5% or Higher Loan Amount 51.4 57.2 58.8 46.2 56.8 77.9 53.3 46.9 36.3 46.8 72.0 85.8 82.1 Lower Loan Amount 15.3 11.5 14.6 17.0 12.5 8.7 13.6 17.9 15.6 15.0 9.2 5.5 5.7 Ratio of Old to New Rate 1.16 1.17 1.08 1.16 1.15 0.94 1.17 1.20 1.26 1.19 1.08 0.94 0.96 Age of Refinanced Loan (Years) 2.8 3.2 3.7 3.5 4.5 4.3 2.6 3.0 1.8 2.1 2.6 3.2 3.5 Appreciation Rate of Refinanced Property (%) 8.5 11.0 13.9 10.0 12.1 23.8 14.9 13.4 5.4 9.5 22.9 31.0 23.5 Billions of 2007 Dollars Home Equity Cashed Out at Refinance 15.2 22.9 27.7 50.8 46.0 31.6 97.0 128.1 165.8 156.9 278.3 327.0 253.7 Year 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Total Refinance Originations 277 386 439 1,105 682 375 1,505 2,192 3,046 1,658 1,724 1,419 1,181 Home Equity Loans 323 347 384 394 416 491 514 577 668 849 968 1,089 1,120 Notes: Dollar values adjusted for inflation using the CPI-U for All Items. Home equity cashed out at refinance is the difference between the size of the mortgage after refinance and 105% of the balance outstanding on the original mortgage. Sources: Freddie Mac, Cash Out and Refinance data; Freddie Mac, Economic and Housing Market Outlook, February 2008; Federal Reserve Board, Flow of Funds. Appendix Table A-4 State of the Nation's Housing 2008 Table A-5. Homeownership Rates by Age, Race/Ethnicity and Region: 1994-2007 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 All Households Age Under 35 35 to 44 45 to 54 55 to 64 65 to 74 75 and Over Race/Ethnicity White Hispanic Black Asian/Other All Minority Region Northeast Midwest South West 64.0 64.7 65.4 65.7 66.3 66.8 67.4 67.8 67.9 68.3 69.0 68.9 68.8 68.1 37.3 64.5 75.2 79.3 80.4 73.5 38.6 65.2 75.2 79.5 80.9 74.6 39.1 65.5 75.6 80.0 81.9 75.3 38.7 66.1 75.8 80.1 82.0 75.8 39.3 66.9 75.7 80.9 82.1 76.2 39.7 67.2 76.0 81.0 82.9 77.1 40.8 67.9 76.5 80.3 82.8 77.7 41.2 68.2 76.7 81.3 82.5 78.1 41.3 68.6 76.3 81.1 82.7 78.4 42.2 68.3 76.6 81.4 82.3 78.7 43.1 69.2 77.2 81.7 83.3 78.8 43.0 69.3 76.6 81.2 82.8 78.4 42.6 68.9 76.2 80.9 82.7 79.1 41.7 67.8 75.4 80.6 82.0 78.7 70.0 41.2 42.5 50.8 43.2 70.9 42.1 42.9 51.5 43.7 71.7 42.8 44.5 51.5 44.9 72.0 43.3 45.4 53.3 45.8 72.6 44.7 46.1 53.7 46.8 73.2 45.5 46.7 54.1 47.4 73.8 46.3 47.6 53.9 48.1 74.3 47.3 48.4 54.7 49.0 74.7 47.0 48.2 55.0 48.9 75.4 46.7 48.8 56.9 49.5 76.0 48.1 49.7 59.7 51.0 75.8 49.5 48.8 60.3 51.3 75.8 49.7 48.4 60.8 51.3 75.2 49.7 47.8 60.1 50.9 61.5 67.7 65.6 59.4 62.0 69.2 66.7 59.2 62.2 70.6 67.5 59.2 62.4 70.5 68.0 59.6 62.6 71.1 68.6 60.5 63.1 71.7 69.1 60.9 63.4 72.6 69.6 61.7 63.7 73.1 69.8 62.6 64.3 73.1 69.7 62.5 64.4 73.2 70.1 63.4 65.0 73.8 70.9 64.2 65.2 73.1 70.8 64.4 65.2 72.7 70.5 64.7 65.0 71.9 70.1 63.5 Notes: White, black and Asian/other are non-Hispanic. Hispanic householders may be of any race. After 2002, Asian/other also includes householders of more than one race. Caution should be used in interpreting changes before and after 2002 because of rebenchmarking. Source: US Census Bureau, Housing Vacancy Survey. Appendix Table A-5 State of the Nation's Housing 2008 Table A-6. Mortgage Originations by Product: 2001-2007 Prime Conventional/ Conforming Billions of 2007 Dollars 2001 2002 2003 2004 2005 2006:1 2006:2 2006:3 2006:4 2007:1 2007:2 2007:3 2007:4 1,481 1,966 2,772 1,328 1,157 243 283 248 245 273 328 286 275 Jumbo 521 658 732 565 605 106 130 132 126 100 120 83 44 Total 2,002 2,624 3,504 1,893 1,762 349 412 379 371 373 448 369 319 Subprime 187 230 349 593 663 144 170 165 139 93 56 28 14 Alt-A 64 77 96 209 403 108 107 94 103 98 96 54 27 Non-Prime Home Equity 135 190 248 362 387 105 113 116 108 97 105 93 60 FHA/VA 205 203 248 148 96 20 21 23 20 19 25 26 31 Total 591 701 941 1,311 1,550 376 410 397 369 307 282 201 132 All Originations 2,593 3,324 4,445 3,204 3,312 725 823 776 740 680 730 570 450 Share of Originations (Percent) 2001 2002 2003 2004 2005 2006:1 2006:2 2006:3 2006:4 2007:1 2007:2 2007:3 2007:4 57.1 59.1 62.4 41.4 34.9 33.5 34.4 31.9 33.1 40.1 44.9 50.2 61.1 20.1 19.8 16.5 17.6 18.3 14.6 15.8 17.0 17.1 14.7 16.4 14.6 9.8 77.2 78.9 78.8 59.1 53.2 48.1 50.1 48.9 50.1 54.9 61.4 64.7 70.9 7.2 6.9 7.9 18.5 20.0 19.9 20.6 21.2 18.8 13.7 7.7 4.9 3.1 2.5 2.3 2.2 6.5 12.2 14.9 13.0 12.1 13.9 14.4 13.2 9.5 6.0 5.2 5.7 5.6 11.3 11.7 14.5 13.8 15.0 14.6 14.3 14.4 16.3 13.3 7.9 6.1 5.6 4.6 2.9 2.7 2.5 2.9 2.6 2.8 3.4 4.6 6.9 22.8 21.1 21.2 40.9 46.8 51.9 49.9 51.1 49.9 45.1 38.6 35.3 29.3 100 100 100 100 100 100 100 100 100 100 100 100 100 Notes: Dollar values are adjusted for inflation by the CPI-U for All Items. Source: Inside Mortgage Finance, 2008 Mortgage Market Statistical Annual . Appendix Table A-6 State of the Nation's Housing 2008 Table A-7. Housing Cost-Burdened Households by Tenure and Income: 2001 and 2006 Thousands 2001 Moderate Severe Burden Burden 2006 Moderate Severe Burden Burden Percent Change 2001-2006 Moderate Severe Burden Burden Total Tenure and Income Owners Bottom Decile Bottom Quintile Bottom Quartile Lower-Middle Quartile Upper-Middle Quartile Top Quartile Total Renters Bottom Decile Bottom Quintile Bottom Quartile Lower-Middle Quartile Upper-Middle Quartile Top Quartile Total All Households Bottom Decile Bottom Quintile Bottom Quartile Lower-Middle Quartile Upper-Middle Quartile Top Quartile Total No Burden Total No Burden Total No Burden 771 3,381 5,065 10,695 16,015 21,457 53,231 709 1,906 2,549 3,630 2,882 1,208 10,270 2,506 3,921 4,428 1,456 465 137 6,485 3,986 9,208 12,042 15,781 19,362 22,802 69,986 653 2,958 4,510 10,389 15,924 22,102 52,924 672 1,956 2,654 4,358 4,111 2,221 13,343 2,714 4,481 5,168 2,346 1,003 292 8,808 4,039 9,395 12,331 17,092 21,037 24,614 75,075 -15.3 -12.5 -11.0 -2.9 -0.6 3.0 -0.6 -5.2 2.6 4.1 20.1 42.6 83.8 29.9 8.3 14.3 16.7 61.1 115.9 113.3 35.8 1.3 2.0 2.4 8.3 8.7 7.9 7.3 1,309 2,731 3,705 7,698 6,771 3,735 21,908 789 2,798 3,962 2,710 437 71 7,180 4,559 6,550 6,901 419 39 2 7,361 6,657 12,079 14,567 10,828 7,247 3,807 36,449 1,335 2,652 3,527 6,864 6,161 3,217 19,769 792 2,764 3,966 3,233 641 72 7,912 4,996 7,512 8,079 716 65 1 8,861 7,122 12,928 15,573 10,812 6,868 3,290 36,542 2.0 -2.9 -4.8 -10.8 -9.0 -13.9 -9.8 0.4 -1.2 0.1 19.3 46.8 1.4 10.2 9.6 14.7 17.1 70.6 65.9 -51.8 20.4 7.0 7.0 6.9 -0.1 -5.2 -13.6 0.3 2,080 6,112 8,769 18,393 22,786 25,191 75,140 1,498 4,704 6,511 6,340 3,319 1,280 17,450 7,065 10,472 11,328 1,876 504 138 13,846 10,643 21,287 26,609 26,609 26,609 26,609 106,436 1,988 5,610 8,037 17,252 22,084 25,319 72,692 1,464 4,720 6,620 7,591 4,752 2,293 21,256 7,710 11,993 13,247 3,061 1,068 292 17,669 11,162 22,323 27,904 27,904 27,904 27,904 111,617 -4.4 -8.2 -8.4 -6.2 -3.1 0.5 -3.3 -2.3 0.4 1.7 19.7 43.2 79.2 21.8 9.1 14.5 16.9 63.2 111.9 111.4 27.6 4.9 4.9 4.9 4.9 4.9 4.9 4.9 Notes: Income deciles/quintiles/quartiles are equal tenths/fifths/fourths of all households sorted by pre-tax income. Moderate (severe) burdens are defined as housing costs of 30-50% (over 50%) of household income. Source: JCHS tabulations of the 2001 and 2006 American Community Surveys. Appendix Table A-7 State of the Nation's Housing 2008 Table W-1. State Permitting Levels: 2001-2007 Permits Issued 2001 United States Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming 1,636,676 17,706 2,939 62,496 10,407 146,739 55,007 9,290 4,814 896 167,035 93,059 4,790 11,820 54,839 39,117 13,085 14,530 17,685 15,653 6,492 29,059 17,034 50,139 34,151 9,908 24,739 2,604 8,198 36,125 6,624 28,267 9,989 45,542 82,030 2,687 49,931 12,352 21,322 41,403 2,407 30,133 4,455 32,370 150,342 18,887 2,747 52,860 38,345 3,947 37,773 1,907 2002 1,747,678 18,403 3,003 66,031 12,436 159,573 47,871 9,731 6,331 1,591 185,431 97,523 5,902 13,488 60,971 39,596 14,789 12,983 19,459 18,425 7,207 29,293 17,465 49,968 38,977 11,276 28,255 3,574 9,278 35,615 8,708 30,441 12,066 49,149 79,824 3,265 51,246 12,979 22,186 45,114 2,848 34,104 4,816 34,273 165,027 19,327 3,072 59,445 40,200 4,890 38,208 2,045 2003 1,889,214 22,256 3,531 74,996 14,839 191,948 39,569 10,435 7,760 1,427 213,567 96,704 7,284 15,091 62,211 39,421 16,082 15,049 20,404 22,220 7,933 29,914 20,257 53,913 42,046 12,010 29,309 3,767 10,339 43,366 8,641 32,984 13,759 49,708 79,226 3,721 53,041 14,968 25,015 47,356 2,286 38,191 4,986 37,530 177,194 22,525 2,843 55,936 42,825 5,133 40,884 2,814 2004 2,070,077 27,411 3,133 90,644 15,855 207,390 46,499 11,837 7,858 1,936 255,893 108,356 9,034 18,108 59,753 39,233 16,345 13,301 22,623 22,989 8,771 27,382 22,477 54,721 41,843 14,532 32,791 4,975 10,920 44,556 8,653 35,936 12,555 53,497 93,077 4,033 51,695 17,068 27,309 49,665 2,532 43,230 5,839 44,791 188,842 24,267 3,588 63,220 50,089 5,716 39,992 3,317 2005 2,155,316 30,612 2,885 90,851 17,932 205,020 45,891 11,885 8,195 2,860 287,250 109,336 9,828 21,578 66,942 38,476 16,766 14,048 21,159 22,811 8,969 30,180 24,549 45,328 36,509 13,396 33,114 4,803 9,929 47,728 7,586 38,588 14,180 61,949 97,910 4,038 47,727 18,362 31,024 44,525 2,836 54,157 5,685 46,615 210,611 27,799 2,917 61,518 52,988 6,140 35,334 3,997 2006 1,838,903 32,034 2,739 65,363 13,885 160,502 38,343 9,236 6,504 2,105 203,238 104,200 7,530 17,075 58,802 29,069 13,357 14,619 16,628 28,671 7,293 23,262 19,580 29,191 26,352 16,618 29,172 4,542 8,230 39,445 5,677 34,323 13,573 54,382 99,979 3,529 34,422 15,840 26,623 39,128 2,370 50,776 5,304 46,003 216,642 25,873 2,626 47,704 50,033 5,645 27,329 3,537 Change 2007 2005-07 (%) 1,398,415 25,845 1,706 49,642 11,031 110,073 29,454 7,746 5,291 1,910 102,551 73,165 6,972 12,105 43,020 23,841 11,171 11,473 14,938 23,379 5,873 18,582 15,358 17,767 17,930 16,832 21,525 4,153 7,604 27,209 4,561 25,389 9,206 54,059 85,777 3,360 27,095 14,730 21,101 33,665 1,938 40,631 5,112 37,359 176,992 20,292 2,056 38,362 47,397 4,795 21,837 4,555 -35.1 -15.6 -40.9 -45.4 -38.5 -46.3 -35.8 -34.8 -35.4 -33.2 -64.3 -33.1 -29.1 -43.9 -35.7 -38.0 -33.4 -18.3 -29.4 2.5 -34.5 -38.4 -37.4 -60.8 -50.9 25.6 -35.0 -13.5 -23.4 -43.0 -39.9 -34.2 -35.1 -12.7 -12.4 -16.8 -43.2 -19.8 -32.0 -24.4 -31.7 -25.0 -10.1 -19.9 -16.0 -27.0 -29.5 -37.6 -10.6 -21.9 -38.2 14.0 Source: US Census, New Residential Construction. Appendix Table W-1 State of the Nation's Housing 2008 Table W-2. House Price Changes in the 50 Largest Metros: 2006:4-2007:4 Percent Change Index Population Rank 1 Metropolitan Area/Division New York-Northern New Jersey-Long Island, NY-NJ-PA New York-White Plains-Wayne, NY-NJ Edison-New Brunswick, NJ Nassau-Suffolk, NY Newark-Union, NJ-PA Los Angeles-Long Beach-Santa Ana, CA Los Angeles-Long Beach-Glendale, CA Santa Ana-Anaheim-Irvine, CA Chicago-Naperville-Joliet, IL Chicago-Naperville-Joliet, IL Gary, IN Lake County-Kenosha County, IL-WI Dallas-Fort Worth-Arlington, TX Dallas-Plano-Irving, TX Fort Worth-Arlington, TX Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Philadelphia, PA Camden, NJ Wilmington, DE-MD-NJ Houston-Baytown-Sugar Land, TX Miami-Fort Lauderdale-Miami Beach, FL Miami-Miami Beach-Kendall, FL West Palm Beach-Boca Raton-Boynton Beach, FL Washington-Arlington-Alexandria, DC-VA-MD-WV Washington-Arlington-Alexandria, DC-VA-MD-WV Bethesda-Frederick-Gaithersburg, MD Atlanta-Sandy Springs-Marietta, GA Detroit-Warren-Livonia, MI Detroit-Livonia-Dearborn, MI Warren-Troy-Farmington Hills, MI Boston-Cambridge-Quincy, MA-NH Boston-Quincy, MA Cambridge-Newton-Framingham, MA Peabody, MA Rockingham County-Strafford County, NH San Francisco-Oakland-Fremont, CA San Francisco-San Mateo-Redwood City, CA Oakland-Fremont-Hayward, CA Phoenix-Mesa-Scottsdale, AZ Riverside-San Bernardino-Ontario, CA Seattle-Tacoma-Bellevue, WA Seattle-Bellevue-Everett, WA Tacoma, WA Minneapolis-St. Paul-Bloomington, MN-WI San Diego-Carlsbad-San Marcos, CA NAR -1.10 3.58 0.49 -2.53 5.34 -13.09 -4.82 -2.65 S&P/CaseOFHEO Shiller® -4.66 0.85 -1.47 -1.10 0.83 -11.48 -3.23 -6.11 -3.90 1.62 3.78 0.88 -1.24 2.95 2.89 2.04 1.01 1.67 4.79 -15.00 0.27 -10.39 -5.10 -2.87 -2.65 1.63 -6.13 -6.73 -1.88 -2.83 -1.80 -3.13 -1.32 5.45 -0.86 -7.17 -3.42 -7.14 5.86 4.21 -2.19 -7.20 -8.52 -3.33 -7.81 2 3 4 0.49 5 1.11 6 7 1.14 -5.70 8 9 10 -1.50 -13.78 -2.06 -12.57 11 12 13 14 15 -7.82 -16.83 1.23 -12.90 1.86 16 17 -4.86 -9.81 -6.33 -13.14 Appendix Table W-2 State of the Nation's Housing 2008 Index Population Rank 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 Metropolitan Area/Division Saint Louis, MO-IL Tampa-St.Petersburg-Clearwater, FL Baltimore-Towson, MD Denver-Aurora, CO Pittsburgh, PA Portland-Vancouver-Beaverton, OR-WA Cleveland-Elyria-Mentor, OH Cincinnati-Middletown, OH-KY-IN Sacramento--Arden-Arcade--Roseville, CA Orlando, FL Kansas City, MO-KS San Antonio, TX San Jose-Sunnyvale-Santa Clara, CA Las Vegas-Paradise, NV Columbus, OH Indianapolis, IN Virginia Beach-Norfolk-Newport News, VA-NC Providence-New Bedford-Fall River, RI-MA Charlotte-Gastonia-Concord, NC-SC Austin-Round Rock, TX Milwaukee-Waukesha-West Allis, WI Nashville-Davidson--Murfreesboro, TN Jacksonville, FL Memphis, TN-MS-AR Louisville, KY-IN Richmond, VA Hartford-West Hartford-East Hartford, CT Oklahoma City, OK Buffalo-Niagara Falls, NY Birmingham-Hoover, AL Salt Lake City, UT Rochester, NY New Orleans-Metairie-Kenner, LA NAR -6.97 -12.23 -1.01 -6.31 4.19 1.79 -9.40 -4.54 -18.51 -11.65 -3.20 7.89 11.22 -12.76 -1.08 -2.65 0.34 -6.21 3.28 6.36 4.08 na -1.55 -12.40 -3.34 -1.61 1.61 8.16 9.11 -3.46 2.46 8.44 -2.41 OFHEO 2.56 -4.57 1.97 -0.49 2.80 4.24 -1.74 0.11 -11.02 -2.95 0.82 8.25 -2.28 -5.99 0.11 1.69 3.05 -2.57 6.09 7.95 1.45 4.57 -0.99 1.35 3.03 3.75 1.41 4.59 1.60 2.91 9.67 3.42 1.01 S&P/CaseShiller® -12.59 -3.14 1.47 -5.54 -13.07 3.17 Notes: OFHEO house price index is at the metropolitan division level for select large metropolitan statistical areas. Quarterly values for the S&P/Case-Shiller® index are averages of monthly index values. United States value for OFHEO represents the change in the purchase-only index, reported as of the fourth quarter of 2007. OFHEO metro indices include both purchase and refinance transactions. Sources: National Association of Realtors®, Metro Area Median Existing Single Family Home Prices; Office of Federal Housing Enterprise Oversight; S&P/Case-Shiller®, U.S. National Home Price Index and Metropolitan Home Price Indices. Appendix Table W-2 State of the Nation's Housing 2008 Table W-3. Median Single-Family Home Prices by Metro: 2003-2007 Median Single-Family Home Price ($Thousands, Seasonally Adjusted) 2005:1 2005:2 2005:3 2005:4 118.98 173.77 153.84 224.67 106.19 128.67 162.22 223.15 157.71 244.46 401.07 134.40 92.35 91.61 155.04 148.94 na 411.53 336.26 465.70 97.23 109.76 230.05 122.29 134.12 115.50 189.82 177.70 129.19 246.95 144.67 138.25 196.66 131.42 145.35 119.75 84.29 143.40 107.43 115.10 76.82 168.07 241.66 142.14 159.68 168.28 161.17 107.35 76.41 91.66 180.46 127.56 149.60 98.22 161.27 139.14 137.28 154.11 141.70 137.47 122.78 191.53 251.19 539.16 142.19 123.43 126.31 164.66 117.82 153.21 148.29 234.75 139.14 141.96 292.19 116.43 178.15 168.02 241.88 105.28 127.35 165.07 241.50 162.43 255.39 394.63 133.70 95.14 92.60 152.81 154.95 158.52 408.35 339.15 466.43 96.97 107.27 256.50 129.94 133.26 118.22 191.22 175.58 125.76 258.49 144.71 141.84 205.27 133.39 150.14 121.92 84.83 145.35 121.12 116.41 83.73 193.00 244.27 144.14 163.69 173.57 167.14 107.87 77.17 99.11 190.92 131.11 147.89 100.82 175.76 142.71 137.28 156.84 145.57 142.11 124.68 202.64 251.28 570.25 139.76 121.05 129.85 163.94 128.26 154.27 152.25 250.28 140.70 139.24 297.51 122.76 188.08 168.82 246.00 107.46 132.78 168.69 246.92 165.30 270.19 391.13 152.57 100.81 92.25 157.64 164.73 151.74 415.39 355.64 471.51 98.06 116.54 283.01 130.93 136.26 119.27 199.37 184.41 135.03 266.87 145.67 140.46 209.98 135.23 151.65 126.35 87.81 144.91 117.80 118.94 82.46 207.87 248.84 144.98 166.96 188.07 157.68 112.57 73.88 102.65 205.29 134.26 156.35 103.06 185.57 156.26 138.99 152.39 147.94 143.81 130.53 217.06 251.62 606.91 142.70 123.72 135.43 182.46 124.46 155.73 153.93 253.65 144.58 145.84 310.46 119.85 189.85 175.43 250.55 107.78 130.60 171.49 267.68 169.49 273.83 404.51 155.03 105.79 97.42 162.05 160.36 na 408.68 359.72 486.21 100.62 109.57 294.05 135.09 143.67 119.33 203.34 182.61 133.46 270.49 145.40 136.44 208.80 137.92 153.27 131.63 88.44 153.01 114.33 114.98 82.95 211.48 250.24 147.86 157.63 190.61 171.57 117.70 81.04 99.15 212.27 134.65 162.49 104.13 198.99 159.79 137.51 153.11 149.94 152.87 147.45 224.81 256.55 625.18 147.46 123.67 142.47 190.63 130.61 157.43 157.71 259.16 149.20 139.52 320.08 Decline from Peak Quarter to 2007:4 (%) -9.3 -2.9 -2.5 -6.4 0.0 -0.6 -4.7 0.0 0.0 -2.5 -5.5 -5.5 -9.5 -0.6 -5.6 -12.3 -5.4 -5.6 0.0 -2.6 0.0 -13.1 -23.6 -1.1 -4.6 0.0 -4.7 -3.8 -11.1 -4.4 -7.9 -15.7 -4.7 -0.8 -7.1 0.0 0.0 -3.4 -11.4 -11.0 -17.7 -13.6 -7.3 0.0 -20.0 -3.9 -3.9 -1.0 -7.1 -4.9 0.0 -1.6 -3.8 -13.4 -9.3 -12.5 -8.9 -4.6 -1.9 0.0 -3.7 -14.5 -1.3 -3.7 -1.3 -6.7 -18.2 -4.9 -4.7 -5.5 0.0 -6.6 -1.5 -24.9 -13.6 Metro Akron, OH Albany-Schenectady-Troy, NY Albuquerque, NM Allentown-Bethlehem-Easton, PA-NJ Amarillo, TX Appleton, WI Atlanta-Sandy Springs-Marietta, GA Atlantic City, NJ Austin-Round Rock, TX Baltimore-Towson, MD Barnstable Town, MA Baton Rouge, LA Beaumont-Port Arthur, TX Binghamton, NY Birmingham-Hoover, AL Bloomington-Normal, IL Boise City-Nampa, ID Boston-Cambridge-Quincy, MA-NH Boulder, CO Bridgeport-Stamford-Norwalk, CT Buffalo-Niagara Falls, NY Canton-Massillon, OH Cape Coral-Fort Myers, FL Cedar Rapids, IA Champaign-Urbana, IL Charleston, WV Charleston-North Charleston-Summerville, SC Charlotte-Gastonia-Concord, NC-SC Chattanooga, TN-GA Chicago-Naperville-Joliet, IL-IN-WI Cincinnati-Middletown, OH-KY-IN Cleveland-Elyria-Mentor, OH Colorado Springs, CO Columbia, SC Columbus, OH Corpus Christi, TX Cumberland, MD-WV Dallas-Fort Worth-Arlington, TX Davenport-Moline-Rock Island, IA-IL Dayton, OH Decatur, IL Deltona-Daytona Beach-Ormond Beach, FL Denver-Aurora, CO Des Moines-West Des Moines, IA Detroit-Warren-Livonia, MI Dover, DE Durham, NC El Paso, TX Elmira, NY Erie, PA Eugene-Springfield, OR Fargo, ND-MN Farmington, NM Fort Wayne, IN Gainesville, FL Glens Falls, NY Grand Rapids-Wyoming, MI Green Bay, WI Greensboro-High Point, NC Greenville-Mauldin-Easley, SC Gulfport-Biloxi, MS Hagerstown-Martinsburg, MD-WV Hartford-West Hartford-East Hartford, CT Honolulu, HI Houston-Sugar Land-Baytown, TX Indianapolis-Carmel, IN Jackson, MS Jacksonville, FL Kankakee-Bradley, IL Kansas City, MO-KS Kennewick-Pasco-Richland, WA Kingston, NY Knoxville, TN Lansing-East Lansing, MI Las Vegas-Paradise, NV 2003:1 118.82 136.06 137.75 177.67 91.40 115.28 148.84 159.27 154.34 164.36 300.60 118.83 84.40 82.79 134.81 145.56 123.30 355.46 304.79 400.86 89.11 112.41 139.55 120.87 123.93 113.16 164.33 150.68 112.12 204.17 136.14 na 180.51 119.78 143.23 97.19 69.23 138.04 98.62 na 74.48 120.45 233.15 128.52 164.83 122.25 na 89.55 73.82 91.39 144.97 111.76 120.50 89.66 135.21 108.88 128.36 128.26 134.68 135.51 105.46 137.19 195.47 356.30 132.96 117.44 108.15 127.95 114.82 141.72 143.15 175.74 125.11 131.93 172.12 2003:2 116.56 141.03 137.50 170.89 95.59 113.66 150.38 162.66 156.93 172.69 325.46 121.74 86.71 76.90 138.95 137.98 126.97 350.58 na 407.76 89.82 113.99 158.80 121.22 123.93 109.65 167.75 166.30 114.94 219.88 137.61 na 180.40 122.49 146.14 103.71 67.62 136.64 104.13 111.93 72.46 121.77 235.07 134.07 164.80 128.39 na 92.26 80.78 90.37 149.24 115.38 124.73 95.65 139.65 113.65 128.98 na 139.01 136.70 109.13 130.90 203.16 371.00 134.21 119.75 112.27 128.72 114.11 143.01 147.11 176.09 138.60 133.60 175.96 2003:3 115.99 142.72 140.47 186.72 94.28 120.75 155.17 167.41 156.43 185.66 337.41 121.94 90.38 84.60 138.25 139.66 135.15 352.51 316.44 437.71 92.41 114.83 150.71 122.89 119.60 109.20 169.30 158.75 118.83 218.28 139.81 na na 126.10 146.20 106.32 71.55 140.57 99.10 115.40 75.37 127.62 244.87 135.35 167.12 128.06 na 94.22 81.00 88.13 154.75 114.57 130.29 93.60 145.49 111.99 130.29 142.98 137.42 136.36 109.10 148.74 209.44 386.83 136.94 122.48 114.36 137.18 111.85 145.23 145.84 189.69 129.32 132.50 182.42 2003:4 112.81 144.37 136.48 191.79 95.53 123.06 153.76 172.14 156.79 191.00 349.78 122.18 91.24 82.13 135.96 139.32 133.08 369.02 325.90 425.88 89.00 111.24 157.66 124.38 119.09 112.14 172.95 160.06 118.35 225.05 140.79 133.06 183.92 121.68 143.29 102.51 70.30 137.38 99.16 110.64 71.86 139.47 236.24 133.64 160.30 130.48 na 94.49 75.27 89.71 154.00 115.99 129.48 91.24 151.79 111.75 130.71 138.24 135.55 136.72 105.86 149.12 217.40 402.20 133.83 119.49 105.24 137.22 103.32 143.70 142.17 193.19 127.19 132.47 193.57 2004:1 111.64 147.65 138.41 194.48 96.19 121.55 154.81 180.40 153.92 187.92 362.10 125.42 98.14 82.11 140.06 144.20 130.69 374.35 na 427.19 91.24 114.86 171.17 124.37 120.47 102.14 177.72 161.59 119.72 228.80 140.22 134.16 185.01 123.36 142.37 110.05 71.41 135.98 103.25 111.83 73.81 141.31 236.55 136.30 158.72 140.54 151.41 93.04 78.65 93.31 157.27 119.63 135.86 93.47 149.65 113.73 130.97 139.72 138.68 136.35 108.93 149.51 223.09 427.75 134.54 119.38 109.14 145.07 114.53 146.31 145.82 204.68 127.47 134.36 225.94 2004:2 113.06 159.69 142.45 200.26 94.42 123.37 155.58 192.13 154.63 216.73 368.89 126.66 94.97 83.74 146.29 148.84 137.37 383.66 323.25 434.56 95.39 113.03 176.44 130.10 122.82 112.39 190.05 169.26 126.99 238.06 144.35 136.00 187.95 120.47 145.60 110.57 72.02 137.56 104.34 116.82 74.85 147.09 238.46 140.97 163.06 145.32 147.15 95.15 80.40 95.09 161.59 122.71 131.49 96.98 164.25 133.89 132.91 140.42 138.46 135.03 113.67 158.08 225.71 445.72 136.55 122.81 116.95 152.09 112.00 149.85 146.89 221.26 128.92 135.91 267.74 2004:3 116.82 164.82 142.74 210.21 95.10 122.10 157.34 201.56 156.90 225.31 375.82 127.86 92.30 85.30 147.04 143.68 140.11 392.18 334.06 439.09 95.15 112.33 198.10 127.04 129.09 118.75 181.27 167.10 124.29 240.73 140.16 136.51 na 126.04 146.25 114.59 69.95 138.21 114.22 114.29 74.45 154.90 na 141.53 162.58 150.13 148.21 94.24 78.94 101.12 162.75 124.03 135.31 96.37 165.90 123.78 132.29 142.82 140.36 136.14 113.26 167.16 231.74 462.50 135.21 123.18 120.12 153.36 124.82 149.20 147.84 211.65 133.56 136.32 280.58 2004:4 118.87 166.63 156.84 214.81 102.27 124.81 158.72 214.89 153.60 227.63 394.83 129.14 89.58 87.02 150.86 152.75 na 400.02 307.88 449.95 95.63 109.32 199.14 134.23 129.70 108.29 184.61 172.79 127.30 243.18 144.57 137.13 191.73 128.44 148.39 114.59 73.62 139.68 108.64 116.01 78.12 165.62 240.11 142.28 158.95 161.56 na 95.65 77.78 102.66 176.87 127.85 134.95 95.41 167.44 133.29 134.52 147.25 140.53 133.96 117.68 177.37 239.63 493.95 136.55 114.92 123.64 159.99 126.81 150.31 148.41 225.57 136.08 141.60 285.21 2006:1 111.36 193.59 176.35 245.21 111.79 na 171.15 257.22 171.07 278.53 397.77 159.05 102.59 94.71 166.31 155.93 na 405.98 360.89 481.67 99.30 110.99 271.70 138.39 138.53 122.03 207.90 184.17 135.39 273.80 143.06 133.86 214.69 137.99 147.30 129.92 89.14 149.96 118.60 114.17 88.16 211.51 250.79 142.50 150.34 204.72 163.78 123.02 90.43 101.85 225.46 135.67 162.22 100.90 212.11 159.83 134.91 158.34 148.58 151.76 134.68 228.34 256.58 636.64 146.47 120.59 147.02 194.62 126.84 155.53 155.76 256.35 146.94 134.99 319.15 2006:2 119.60 195.08 181.59 242.08 116.51 129.65 172.28 255.46 172.18 275.49 402.35 170.22 112.25 92.27 166.45 149.78 202.83 409.55 365.67 474.08 96.34 110.88 261.54 132.01 141.32 119.04 210.74 188.73 137.43 271.41 144.85 132.97 216.02 144.46 149.44 137.25 95.41 149.88 112.59 117.48 81.92 209.69 250.44 146.97 150.93 205.96 172.67 125.65 87.24 102.48 226.15 135.82 171.74 98.65 210.33 158.57 134.63 151.11 147.98 151.26 145.38 224.81 255.32 631.43 149.76 118.61 147.42 194.69 130.29 155.59 156.53 247.29 150.03 137.50 316.56 2006:3 111.02 192.68 188.92 254.53 116.43 127.93 173.65 255.15 173.66 275.54 381.48 174.06 114.18 101.25 164.31 150.81 210.25 398.44 366.73 475.49 100.61 105.99 261.12 133.66 144.29 117.15 213.70 191.45 135.03 271.53 141.97 134.58 221.05 137.32 146.77 128.34 98.36 148.97 106.63 117.53 83.80 201.28 248.66 143.28 150.08 207.93 177.45 128.51 88.98 98.34 231.03 136.26 176.82 98.37 216.45 161.58 134.83 148.89 149.08 152.10 151.26 221.60 260.18 626.69 150.32 117.71 147.60 191.96 132.48 154.86 163.14 260.62 152.06 136.66 316.00 2006:4 112.39 197.99 188.88 254.56 111.05 129.54 168.15 251.22 177.12 286.83 372.92 174.74 121.05 97.51 162.87 150.29 210.85 399.75 369.36 463.34 97.41 109.73 258.92 130.76 142.33 116.73 216.22 197.17 135.40 273.23 140.49 131.93 219.16 na 143.83 130.17 101.39 147.10 109.09 121.65 86.86 200.47 248.21 145.10 155.45 211.52 171.47 131.13 80.99 101.72 234.49 136.82 184.69 101.14 212.29 162.73 131.82 148.75 149.88 150.70 152.33 216.97 257.35 625.80 149.77 118.68 145.19 189.14 131.86 153.81 151.33 242.93 153.63 135.09 317.29 2007:1 118.53 205.66 198.56 259.66 116.49 127.21 173.09 268.15 180.12 290.83 383.42 180.78 120.14 103.16 160.22 155.27 206.04 401.49 371.05 479.85 96.52 107.11 260.86 132.71 151.08 118.33 219.63 196.68 134.34 277.09 142.27 131.61 217.87 144.74 147.28 133.42 104.34 149.06 109.86 114.96 84.01 196.40 246.17 148.14 na 202.33 178.26 126.99 76.67 98.64 238.29 139.52 182.67 98.03 217.68 166.69 130.91 146.59 151.12 150.11 155.64 215.36 261.13 631.07 151.46 119.51 144.78 195.98 134.42 151.51 167.38 256.06 154.43 133.53 310.94 2007:2 121.04 193.62 195.79 268.45 114.29 129.35 173.74 260.06 182.03 283.73 381.49 172.71 125.19 110.73 161.98 159.93 208.04 400.88 372.63 491.43 102.90 110.67 256.51 0.00 142.72 123.01 219.90 204.70 130.96 276.21 141.78 135.19 218.96 147.28 147.49 134.68 103.98 152.22 105.33 117.02 85.34 192.21 250.19 147.06 140.46 207.01 174.81 131.43 72.25 99.69 239.49 137.87 195.04 99.42 212.70 174.26 130.56 151.60 153.28 151.63 155.15 213.68 265.30 655.81 151.94 121.26 143.60 195.06 135.29 154.28 167.01 263.24 157.20 130.35 305.38 2007:3 119.03 199.30 202.32 257.46 118.28 128.75 173.02 269.55 186.25 281.60 392.51 172.36 126.15 112.51 164.94 150.46 210.57 401.31 376.25 487.10 104.98 109.50 242.68 138.17 139.01 122.07 210.26 211.69 132.29 278.46 142.36 129.12 219.27 146.95 147.06 138.35 105.22 151.51 109.89 116.44 84.18 194.79 249.62 151.27 139.68 212.74 188.44 134.21 88.06 98.83 238.36 144.38 191.54 98.43 208.39 169.27 126.82 159.50 152.80 155.13 156.19 204.47 262.42 641.62 153.33 119.01 144.35 185.76 136.36 153.80 168.68 263.49 156.94 130.48 293.94 2007:4 111.38 199.72 197.34 251.28 123.49 132.02 165.62 279.39 188.32 283.51 382.35 170.91 114.19 111.87 157.12 144.41 199.37 392.29 381.63 478.72 106.26 101.25 224.63 136.80 144.12 125.84 209.62 203.63 122.24 266.09 134.23 119.59 210.55 146.15 142.34 138.29 120.62 147.87 107.33 108.31 72.60 182.81 232.48 153.12 133.68 204.52 181.13 132.89 84.02 97.60 241.22 142.04 187.61 90.20 197.37 152.54 126.57 152.14 150.34 156.16 150.42 195.12 261.79 631.45 151.39 115.45 120.75 186.31 129.94 148.77 172.63 246.21 154.81 109.59 276.44 Appendix Table W-3 State of the Nation's Housing 2008 Metro Lexington-Fayette, KY Lincoln, NE Little Rock-North Little Rock-Conway, AR Los Angeles-Long Beach-Santa Ana, CA Louisville-Jefferson County, KY-IN Madison, WI Memphis, TN-MS-AR Miami-Fort Lauderdale-Pompano Beach, FL Milwaukee-Waukesha-West Allis, WI Minneapolis-St. Paul-Bloomington, MN-WI Mobile, AL Montgomery, AL New Haven-Milford, CT New Orleans-Metairie-Kenner, LA New York-Northern New Jersey-Long Island, NY-NJ-PA Norwich-New London, CT Ocala, FL Oklahoma City, OK Omaha-Council Bluffs, NE-IA Orlando-Kissimmee, FL Palm Bay-Melbourne-Titusville, FL Pensacola-Ferry Pass-Brent, FL Peoria, IL Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Phoenix-Mesa-Scottsdale, AZ Pittsburgh, PA Pittsfield, MA Portland-South Portland-Biddeford, ME Portland-Vancouver-Beaverton, OR-WA Providence-New Bedford-Fall River, RI-MA Raleigh-Cary, NC Reading, PA Reno-Sparks, NV Richmond, VA Riverside-San Bernardino-Ontario, CA Rochester, NY Rockford, IL Sacramento--Arden-Arcade--Roseville, CA Saginaw-Saginaw Township North, MI Salem, OR Salt Lake City, UT San Antonio, TX San Diego-Carlsbad-San Marcos, CA San Francisco-Oakland-Fremont, CA Sarasota-Bradenton-Venice, FL Seattle-Tacoma-Bellevue, WA Shreveport-Bossier City, LA Sioux Falls, SD South Bend-Mishawaka, IN-MI Spartanburg, SC Spokane, WA Springfield, IL Springfield, MA Springfield, MO St. Louis, MO-IL Syracuse, NY Tallahassee, FL Tampa-St. Petersburg-Clearwater, FL Toledo, OH Topeka, KS Trenton-Ewing, NJ Tucson, AZ Virginia Beach-Norfolk-Newport News, VA-NC Washington-Arlington-Alexandria, DC-VA-MD-WV Waterloo-Cedar Falls, IA Wichita, KS Worcester, MA Yakima, WA Youngstown-Warren-Boardman, OH-PA 2003:1 130.70 124.36 101.52 314.67 131.16 182.71 133.32 214.22 178.16 194.43 107.36 110.63 218.28 127.59 322.02 186.63 89.93 104.47 122.35 141.23 118.65 114.47 90.62 162.06 149.24 105.88 154.39 180.67 182.98 227.77 157.20 104.82 187.34 148.15 196.61 96.26 95.18 234.43 na 151.07 152.13 112.71 394.22 516.83 201.60 223.23 98.27 122.60 90.13 108.88 117.91 107.28 156.06 na 115.41 90.63 131.26 140.69 112.09 95.71 202.11 152.63 na 264.88 84.40 98.95 242.22 121.98 85.55 2003:2 131.00 131.25 103.23 335.25 129.45 178.20 133.42 222.39 180.52 194.73 108.05 118.79 211.65 130.59 340.16 197.50 87.54 101.28 126.65 136.29 118.05 114.13 92.64 162.54 150.64 107.75 148.37 184.30 186.33 237.94 161.64 99.89 na 152.35 211.03 97.90 86.86 239.73 na 151.02 151.41 118.81 401.03 540.88 216.92 234.96 100.64 124.82 88.60 106.32 118.01 101.44 156.66 na 120.71 92.70 136.47 138.69 111.75 97.85 208.28 155.28 134.77 268.33 91.27 98.78 246.17 120.78 90.01 2003:3 135.17 132.90 107.81 360.63 132.47 184.84 134.08 238.77 182.59 204.96 110.40 116.36 222.68 133.71 346.36 209.50 95.66 104.63 130.62 150.54 127.35 117.77 92.73 171.40 153.81 108.50 188.92 200.38 190.15 244.68 166.79 112.92 na 156.12 226.42 99.77 101.75 248.90 na 148.94 na 118.93 429.63 565.12 229.59 241.74 100.49 122.78 91.67 112.15 117.22 98.05 162.09 97.19 124.28 98.30 140.88 146.04 112.79 97.33 216.31 158.74 139.56 280.24 93.84 102.52 257.60 123.14 83.71 2003:4 134.88 132.27 103.75 378.27 130.68 190.30 132.78 244.79 183.35 211.81 111.74 113.50 242.66 128.66 354.79 213.74 90.88 101.50 128.72 152.33 128.53 118.79 92.84 172.79 154.96 104.53 159.69 206.74 192.37 252.77 162.46 104.56 227.16 158.54 241.59 99.74 99.12 264.45 na 150.91 150.24 117.60 465.25 587.58 247.44 246.66 na 123.35 94.74 108.13 122.15 96.41 168.33 99.62 123.39 92.76 138.65 147.50 105.80 93.07 214.78 158.79 138.79 289.66 88.54 99.18 257.08 125.64 83.63 2004:1 133.54 131.94 105.12 399.97 130.44 191.33 134.11 258.76 188.05 210.46 113.41 113.71 233.06 131.13 367.96 210.17 97.67 100.07 131.07 155.63 136.99 124.12 91.34 172.69 158.08 108.82 177.17 216.99 195.75 253.83 165.21 107.46 233.09 161.32 261.12 100.42 97.86 282.86 na 152.48 152.67 118.14 488.72 611.15 248.90 261.56 104.05 130.92 88.73 104.80 122.12 95.07 171.43 108.25 121.04 101.93 147.32 153.45 113.58 92.60 222.14 168.61 145.87 302.40 92.97 97.35 262.01 126.91 83.66 2004:2 139.02 133.61 108.16 437.64 131.75 195.59 136.18 278.09 191.51 215.72 114.72 114.21 244.29 135.08 378.02 233.48 110.90 107.54 131.67 168.32 144.13 132.23 95.11 183.79 163.33 112.85 192.43 223.96 201.60 275.10 172.61 117.29 266.82 168.36 292.70 104.62 101.56 304.23 na 151.41 160.25 121.12 551.50 624.73 267.02 256.77 109.07 127.43 91.35 113.01 127.88 101.15 175.90 126.80 126.89 94.24 149.98 157.98 114.04 100.99 229.72 171.79 155.08 328.58 93.70 105.80 275.24 132.55 86.48 2004:3 138.04 136.79 109.02 447.40 130.21 205.32 136.51 297.28 200.28 216.60 113.90 116.78 252.48 140.20 388.91 231.58 113.52 106.78 132.12 176.36 155.71 129.53 107.04 184.68 170.18 111.79 201.80 228.90 208.69 282.01 170.37 124.82 297.33 171.06 308.33 107.67 102.16 324.73 na 161.43 157.50 123.60 569.96 643.15 289.18 275.72 109.04 128.93 93.80 110.45 133.34 103.57 179.88 108.93 128.90 96.31 155.57 162.51 109.09 104.21 231.96 178.85 177.19 342.81 91.98 103.43 277.72 130.52 87.46 2004:4 142.83 133.50 109.05 467.94 132.23 207.48 135.69 318.97 203.63 220.57 115.70 120.94 266.50 142.15 403.38 240.91 115.08 112.35 134.24 185.10 171.94 141.61 95.95 193.86 182.87 110.71 202.77 229.24 216.64 286.26 171.58 124.89 285.24 178.27 325.32 106.85 111.87 347.48 na 150.96 159.37 124.45 580.91 672.39 299.55 297.64 117.89 129.75 95.36 112.83 138.18 110.14 191.37 112.32 131.79 98.84 154.87 167.97 115.34 102.17 240.10 188.08 168.26 366.23 100.45 105.13 280.61 129.22 85.94 Median Single-Family Home Price ($Thousands, Seasonally Adjusted) 2005:1 2005:2 2005:3 2005:4 144.13 137.37 111.86 482.30 133.83 213.28 136.48 343.05 205.88 224.19 119.96 123.67 254.10 146.28 420.55 244.53 124.40 110.03 135.16 200.39 185.08 147.29 99.90 200.76 196.64 113.80 214.61 241.59 223.48 284.24 194.62 130.55 na 186.93 345.75 115.61 116.52 358.20 na 158.97 162.55 128.32 590.26 699.48 332.39 297.58 113.48 133.56 98.49 119.01 141.91 105.91 194.70 124.87 144.16 101.77 156.68 179.28 115.26 100.25 240.78 201.56 179.17 393.23 90.40 109.12 285.80 132.05 84.80 144.32 136.60 116.44 501.99 135.13 221.51 140.13 362.78 210.70 235.33 126.78 129.50 274.58 149.99 445.86 242.62 133.27 115.34 135.78 229.83 200.53 158.43 106.81 205.67 239.74 113.72 205.48 244.33 234.84 291.92 184.99 130.77 347.23 193.54 363.90 109.90 120.66 372.65 na 172.52 169.00 130.26 595.61 700.43 342.46 308.13 122.26 135.34 99.10 115.97 151.32 105.27 195.29 117.19 136.55 107.66 164.37 193.82 115.62 100.68 256.38 223.78 191.11 414.90 99.03 105.77 288.14 134.35 84.58 148.32 136.02 120.67 548.28 135.00 218.24 142.16 385.23 213.87 229.80 132.08 135.47 283.00 158.71 451.70 259.46 150.06 118.97 135.96 255.60 207.58 170.12 108.39 220.67 264.48 116.48 202.30 244.74 250.61 297.79 196.14 136.19 na 210.44 381.64 112.30 116.95 384.13 124.57 179.80 176.82 134.48 607.82 718.16 360.20 322.46 128.26 133.53 96.44 120.92 161.48 108.02 209.63 120.43 140.42 110.81 164.89 208.23 118.09 102.78 270.00 240.99 202.68 434.76 105.65 108.12 290.17 134.73 86.31 150.00 na 126.86 564.88 135.06 223.51 145.03 395.94 219.45 230.62 134.89 138.56 282.51 180.88 462.41 267.62 162.14 118.07 138.40 262.59 218.47 170.61 114.07 220.75 272.35 117.74 208.97 247.57 259.08 295.23 197.85 145.68 365.39 212.59 393.01 113.94 115.21 384.91 na 193.38 181.28 139.95 619.44 736.53 381.81 332.66 128.16 139.40 90.93 127.54 167.62 107.33 203.25 124.47 142.04 113.06 174.10 221.00 115.81 108.77 253.85 249.64 221.48 441.78 108.94 108.36 293.25 136.35 86.33 2006:1 147.30 138.31 127.73 572.76 135.11 221.74 141.25 380.36 222.35 240.29 137.67 144.45 287.57 179.60 467.47 257.36 162.73 119.92 136.37 268.09 208.81 167.64 112.80 229.91 272.14 115.31 213.90 248.03 270.57 293.13 201.62 140.70 365.08 216.91 397.27 113.30 119.72 381.26 na 195.10 191.11 138.26 612.88 746.35 368.41 346.06 132.64 134.75 88.41 129.79 179.59 108.29 206.79 129.36 147.57 113.05 176.38 216.81 108.36 109.85 283.13 251.53 228.43 434.21 114.58 108.05 285.30 137.00 83.41 2006:2 149.58 137.18 125.51 575.76 136.49 222.75 142.56 370.01 221.22 230.66 135.72 145.76 287.13 174.93 466.58 268.29 166.89 124.60 141.42 269.18 211.18 167.57 111.55 228.87 267.84 115.47 207.69 240.34 279.75 291.11 207.15 138.61 348.15 222.43 396.37 114.10 114.25 375.50 na 196.17 190.88 140.96 601.79 758.25 344.35 360.38 132.79 137.91 97.22 128.88 179.06 108.20 210.62 121.98 146.76 115.06 175.50 229.25 112.25 102.82 281.49 242.51 235.27 429.90 106.41 110.49 281.98 130.05 80.63 2006:3 147.48 136.02 126.84 577.67 139.40 223.22 142.25 366.07 218.01 230.47 136.37 141.83 288.49 171.40 470.48 264.10 169.97 125.10 137.75 265.45 202.33 163.73 112.49 226.70 263.41 114.25 213.08 240.66 281.74 290.10 211.86 144.14 340.07 227.23 404.99 114.03 119.08 370.96 na 224.02 210.32 143.22 596.50 755.50 328.79 369.50 129.38 138.48 91.13 124.43 184.42 109.17 211.12 124.79 147.22 116.60 179.61 228.67 110.46 106.83 288.58 242.50 237.04 427.14 108.23 109.54 279.32 137.20 82.16 2006:4 145.68 137.99 126.72 583.26 138.10 224.02 142.60 371.91 215.37 228.66 138.21 141.99 282.57 163.75 470.92 263.13 171.18 126.45 136.87 272.96 183.75 163.86 110.46 230.40 266.08 115.57 218.28 246.78 288.18 291.61 226.67 145.47 333.56 231.64 408.97 112.97 121.54 369.14 na 221.81 221.81 142.66 591.50 756.07 312.84 371.15 133.20 136.71 91.24 123.42 188.13 96.60 204.86 123.08 146.87 115.82 182.23 226.63 107.58 104.53 301.40 242.60 236.39 430.61 105.44 113.09 277.81 145.84 79.56 2007:1 150.02 137.31 126.40 591.17 137.52 225.59 141.28 386.58 209.82 227.29 132.93 139.09 293.31 159.87 471.67 na 170.96 134.42 137.08 273.95 190.30 167.13 117.16 232.29 265.93 116.78 211.89 239.05 294.31 291.79 224.97 150.85 331.00 236.68 398.81 114.35 117.68 370.04 na 225.86 226.48 153.51 600.22 762.80 322.11 387.86 132.54 141.17 92.43 123.09 189.78 109.09 212.95 116.70 144.09 116.69 183.12 213.85 109.75 110.46 303.14 244.98 242.00 436.40 108.17 112.82 277.19 141.68 80.45 2007:2 147.82 136.54 129.88 592.67 137.77 224.79 141.15 376.70 222.62 224.90 137.97 144.90 289.99 163.08 470.87 271.44 168.30 134.70 136.92 262.87 179.97 167.01 116.42 236.22 260.43 118.60 224.59 242.58 294.29 290.36 224.38 154.58 326.65 232.20 395.29 115.75 120.85 351.85 87.13 229.35 233.35 150.37 601.63 814.65 306.11 392.05 133.67 140.02 90.15 129.48 206.22 107.25 212.69 123.76 150.61 120.36 181.62 219.60 106.32 109.55 304.15 245.48 248.02 432.79 111.77 117.26 275.47 149.07 78.78 2007:3 148.60 137.28 129.56 585.12 138.61 229.98 138.54 347.88 224.53 226.67 135.26 144.42 283.95 157.73 467.97 268.03 160.32 128.32 140.62 261.88 176.34 165.29 117.98 233.86 253.02 121.11 223.18 242.74 296.55 286.15 228.11 154.06 316.59 234.67 374.73 115.27 121.77 332.38 84.63 230.99 239.44 154.01 585.22 819.99 295.90 391.95 137.52 145.14 90.45 130.95 199.66 106.94 207.63 124.63 144.02 117.36 177.75 213.79 102.49 111.59 306.64 243.78 248.26 433.37 110.66 116.09 277.02 155.67 77.95 2007:4 142.38 138.24 128.21 507.34 133.49 226.24 124.80 350.78 224.11 217.74 138.29 145.87 273.29 159.59 465.56 257.09 155.12 137.96 136.27 241.11 161.51 158.78 120.41 233.10 245.15 120.33 200.06 243.22 293.33 273.13 235.34 155.84 302.50 227.77 340.31 122.74 113.17 300.87 74.75 229.54 227.04 153.77 533.55 798.41 284.50 376.12 137.89 145.61 87.91 123.95 193.20 110.93 212.56 123.97 136.55 126.82 177.39 198.41 106.71 116.08 319.58 238.79 237.15 408.82 118.07 113.40 261.61 171.95 72.13 Decline from Peak Quarter to 2007:4 (%) -5.1 0.0 -1.3 -14.4 -4.2 -1.6 -13.9 -11.4 -0.2 -9.4 0.0 0.0 -6.8 -11.8 -1.3 -5.3 -9.4 0.0 -3.6 -12.0 -26.1 -6.9 0.0 -1.3 -10.0 -0.6 -10.9 -1.9 -1.1 -8.3 0.0 0.0 -17.2 -3.8 -16.8 0.0 -7.1 -21.8 -40.0 -0.6 -5.2 -0.2 -13.9 -2.6 -25.5 -4.1 0.0 0.0 -11.3 -5.3 -6.3 0.0 -0.2 -4.2 -9.3 0.0 -3.1 -13.5 -9.6 0.0 0.0 -5.1 -4.5 -7.5 0.0 -3.3 -10.8 0.0 -19.9 Notes: Bold data indicate peak nominal house price. Only metro areas with available data in 2007:4 are included. Data are seasonally adjusted by Moody's Economy.com. na means data not available. Source: National Association of Realtors®. Appendix Table W-3 State of the Nation's Housing 2008 Table W-4. Households by Tenure, Race/Ethnicity, and Region: 2003-2007 Thousands All Households 72,054 33,506 105,560 73,576 33,012 106,588 74,554 33,677 108,231 75,381 34,194 109,575 75,159 35,147 110,306 Two or More Races 643 466 1,109 693 455 1,148 717 481 1,198 734 490 1,224 683 474 1,156 2003 Owners Renters Total Owners Renters Total Owners Renters Total Owners Renters Total Owners Renters Total Northeast 12,914 7,149 20,063 13,019 6,999 20,018 13,198 7,057 20,255 13,191 7,028 20,219 13,163 7,092 20,255 Midwest 17,978 6,588 24,566 18,272 6,481 24,753 18,286 6,717 25,003 18,437 6,927 25,364 18,297 7,153 25,450 South 26,629 11,383 38,012 27,345 11,201 38,546 27,871 11,501 39,372 28,301 11,815 40,116 28,341 12,063 40,404 West 14,532 8,386 22,918 14,939 8,333 23,272 15,198 8,403 23,601 15,449 8,424 23,873 15,358 8,839 24,197 White 57,666 18,847 76,513 58,446 18,484 76,930 58,870 18,770 77,640 59,270 18,881 78,151 58,785 19,338 78,123 Black 6,127 6,427 12,554 6,342 6,420 12,762 6,348 6,670 13,018 6,400 6,832 13,232 6,411 7,003 13,414 Asian/Other 2,472 1,891 4,363 2,698 1,829 4,527 2,834 1,858 4,693 2,943 1,876 4,819 3,031 1,996 5,028 Hispanic 5,146 5,876 11,022 5,396 5,826 11,222 5,785 5,899 11,683 6,033 6,117 12,150 6,249 6,336 12,585 All Minority 14,388 14,660 29,047 15,129 14,530 29,659 15,684 14,908 30,592 16,110 15,315 31,425 16,374 15,809 32,183 2004 2005 2006 2007 Change 2005-2006 Owners Renters Total 827 517 1,344 -7 -29 -36 151 210 361 430 314 744 251 21 272 400 111 511 52 162 214 109 18 126 17 9 26 249 218 467 426 407 833 Change 2006-2007 Owners Renters Total -222 953 731 -28 64 36 -140 226 86 40 248 288 -91 415 324 -485 458 -28 11 172 182 89 120 209 -51 -17 -68 216 220 436 264 495 759 Notes: Race/ethnicity refers to the race and ethnicity of the household head. White, black, Asian/other, and two or more races are non-Hispanic. Hispanics can be of any race. Totals may not sum exactly due to rounding. Source: US Census Bureau, Housing Vacancy Survey. Appendix Table W-4 State of the Nation's Housing 2008 Table W-5. Median Income and Homeownership Rates by Household Type: 2007 Household Type All Ages Married without Children Households (000s) 32,777 Median Household Income $65,000 Homeownership Rate 87.4% Married with Children Households (000s) 26,187 Median Household Income $74,540 Homeownership Rate 78.6% Partnered without Children Households (000s) 3,576 Median Household Income $57,600 Homeownership Rate 49.6% Partnered with Children Households (000s) 1,889 Median Household Income $42,000 Homeownership Rate 40.6% Single Parent without Other Adults Households (000s) 6,514 Median Household Income $23,800 Homeownership Rate 38.4% Single Parent with Other Non-Partner Adults Households (000s) 2,227 Median Household Income $40,000 Homeownership Rate 49.9% Single Person Households (000s) 31,213 Median Household Income $25,000 Homeownership Rate 55.4% Other Households (000s) 11,749 Median Household Income $46,000 Homeownership Rate 56.2% 15-24 543 $44,001 39.8% 810 $36,002 35.8% 663 $40,000 20.1% 369 $30,000 16.1% 539 $9,900 6.6% 184 $29,000 30.4% 1,602 $18,000 16.5% 1,962 $43,000 28.6% 25-34 Age of Householder 35-44 2,394 $79,720 78.5% 10,979 $80,000 82.9% 646 $62,229 54.7% 500 $48,452 50.5% 2,410 $28,928 46.0% 884 $39,000 49.1% 3,732 $36,500 47.5% 1,243 $46,152 47.0% 45-54 7,436 $85,000 90.1% 6,383 $91,134 88.6% 677 $65,028 62.9% 169 $65,000 67.9% 1,149 $35,000 61.1% 605 $46,000 64.6% 5,409 $33,130 53.7% 2,335 $49,000 63.5% 55-64 9,920 $74,205 91.6% 993 $80,026 85.9% 398 $66,383 74.1% 24 $70,000 71.8% 166 $33,978 68.4% 97 $38,500 59.7% 5,635 $29,232 63.9% 2,056 $46,925 68.7% 65 and Over 9,990 $40,762 92.4% 129 $56,862 77.7% 234 $45,007 83.8% 5 $33,000 100.0% 33 $12,294 66.5% 38 $20,618 56.6% 10,897 $17,078 69.9% 2,439 $36,285 79.6% 2,494 $72,180 61.6% 6,893 $59,022 66.6% 959 $64,200 38.7% 823 $43,800 38.6% 2,217 $18,000 23.6% 419 $39,000 35.8% 3,939 $35,000 29.0% 1,714 $61,502 36.1% Notes: Children are the householder's own children under age 18. Household types are determined based on the householder's family status, regardless of other family relationships within the household. Income is total household income in 2006. Source: JCHS tabulations of the 2007 March Current Population Survey, Minnesota Population Center IPUMS. Appendix Table W-5 State of the Nation's Housing 2008 Table W-6. Components of Population Change by State: 2000-2007 Thousands Geographic Area United States Northeast Midwest South West .Alabama .Alaska .Arizona .Arkansas .California .Colorado .Connecticut .Delaware .District of Columbia .Florida .Georgia .Hawaii .Idaho .Illinois .Indiana .Iowa .Kansas .Kentucky .Louisiana .Maine .Maryland .Massachusetts .Michigan .Minnesota .Mississippi .Missouri .Montana .Nebraska .Nevada .New Hampshire .New Jersey .New Mexico .New York .North Carolina .North Dakota .Ohio .Oklahoma .Oregon .Pennsylvania .Rhode Island .South Carolina .South Dakota .Tennessee .Texas .Utah .Vermont .Virginia .Washington .West Virginia .Wisconsin .Wyoming Total Population 20,197 1,086 1,994 10,219 6,898 181 57 1,208 161 2,682 559 97 81 16 2,268 1,358 72 205 433 265 62 87 199 -176 42 322 101 133 278 74 282 56 63 567 80 272 151 321 1,015 -2 114 167 326 152 10 396 41 467 3,053 412 12 633 574 4 238 29 Natural Increase 12,212 1,446 2,314 4,446 4,006 103 53 353 78 2,232 291 92 31 16 361 522 67 88 564 230 81 110 111 157 11 228 172 319 238 106 169 24 78 124 35 291 100 699 353 17 302 121 114 115 21 133 31 169 1,635 272 10 324 267 -1 175 19 Vital Events Births Deaths 29,809 17,597 4,919 6,470 11,047 7,373 438 75 671 279 3,945 500 307 83 57 1,579 1,001 131 161 1,324 631 281 287 402 461 101 544 575 948 509 312 564 83 188 252 108 820 205 1,820 880 59 1,089 373 337 1,050 92 410 81 579 2,760 367 47 741 597 151 510 49 3,473 4,156 6,601 3,367 335 22 318 201 1,712 209 215 51 41 1,218 479 64 73 760 402 199 177 291 304 90 316 403 629 271 206 395 60 110 127 72 528 105 1,121 527 42 787 252 223 936 71 277 50 410 1,125 95 37 417 330 152 335 30 Total 7,984 -501 -343 5,779 3,049 90 -1 869 90 583 274 20 53 -18 1,960 726 10 118 -131 53 -14 -21 95 -313 37 81 -99 -204 55 -20 93 33 -9 449 50 -1 59 -589 680 -16 -207 54 228 84 -6 269 7 278 1,425 94 5 315 320 12 53 12 Net Migration International 7,984 1,717 1,057 2,552 2,658 31 4 214 27 1,807 142 98 14 26 674 241 31 18 420 70 36 46 31 22 5 136 206 156 90 10 52 2 27 85 14 377 34 860 189 3 94 42 92 128 24 41 4 61 843 63 5 160 165 4 58 2 Internal -2,218 -1,400 3,227 391 60 -5 655 63 -1,224 133 -78 40 -43 1,286 485 -21 100 -551 -16 -50 -67 64 -335 31 -54 -306 -360 -35 -30 41 30 -37 365 36 -377 25 -1,449 491 -20 -302 12 136 -44 -30 228 3 217 582 31 0 155 155 8 -6 10 Notes: Total population change includes residual. Estimates are from April 1, 2000 to July 1, 2007. Both international and internal net migration include the migration of native and foreign-born persons. Source: US Census Bureau, Population Estimates. Appendix Table W-6 State of the Nation's Housing 2008 Table W-7. Earned Income by Gender, Race/Ethnicity and Educational Attainment: 1986 and 2006 Median Personal Earnings for Full-Year, Full-Time Workers Aged 35-54 (2006 dollars) All Female 20,234 28,436 45,985 White Male Female 38,628 50,584 73,577 21,705 28,511 45,985 Black Male Female 28,695 36,788 59,781 19,321 28,511 47,825 Asian/Other Male Female 31,270 45,985 64,380 18,766 22,809 49,112 Hispanic Male Female 27,591 42,307 62,540 18,394 27,591 45,985 All Minority Male Female 28,502 39,093 60,701 18,394 27,591 47,825 Male 1986 Did Not Complete High School Completed High School Only Completed College or More 2006 Did Not Complete High School Completed High School Only Completed College or More 34,949 47,825 71,737 26,000 39,000 75,000 18,700 27,000 50,000 30,628 41,000 75,000 20,000 29,000 50,500 23,000 31,200 56,000 18,000 25,000 48,000 22,000 30,000 75,000 17,500 25,000 52,111 24,000 30,000 52,000 18,000 24,000 45,000 24,000 30,500 63,000 18,000 25,000 50,000 Ratio of College Graduate Earnings to Other Categories 1986 Did Not Complete High School Completed High School Only 2006 Did Not Complete High School Completed High School Only 2.05 1.50 2.27 1.62 1.90 1.45 2.12 1.61 2.08 1.63 2.48 1.68 2.06 1.40 2.62 2.15 2.27 1.48 2.50 1.67 2.13 1.55 2.60 1.73 2.88 1.92 2.67 1.85 2.45 1.83 2.53 1.74 2.43 1.79 2.67 1.92 3.41 2.50 2.98 2.08 2.17 1.73 2.50 1.88 2.63 2.07 2.78 2.00 Notes: Full-year, full-time workers worked at least 35 hours per week for 50 or more weeks during the year. Personal earnings are the sum of salaries and wages, business income, and farm income and are adjusted for inflation by the CPI-U for All Items. White, black and Asian/other are non-Hispanic. Hispanics may be of any race. In 2006 the Asian/other category also includes persons of two or more races. Sources: JCHS tabulations of the 1987 and 2007 Current Population Survey; Minnesota Population Center IPUMS. Appendix Table W-7 State of the Nation's Housing 2008 Table W-8. Investor Share of Non-Prime Loan Originations by Metro: 2003-2007 Percent 2003 Q1 United States Metropolitan Area Akron, OH Albany-Schenectady-Troy, NY Albuquerque, NM Allentown-Bethlehem-Easton, PA Ann Arbor, MI Atlanta, GA Atlantic-Cape May, NJ Austin-San Marcos, TX Bakersfield, CA Baltimore, MD Baton Rouge, LA Bergen-Passaic, NJ Birmingham, AL Boise City, ID Boston, MA-NH Boulder-Longmont, CO Bridgeport, CT Charleston-North Charleston, SC Charlotte-Gastonia-Rock Hill, NC-SC Chicago, IL Cincinnati, OH-KY-IN Cleveland-Lorain-Elyria, OH Colorado Springs, CO Columbia, SC Columbus, OH Dallas, TX Daytona Beach, FL Dayton-Springfield, OH Denver, CO Detroit, MI Flint, MI Fort Collins-Loveland, CO Fort Lauderdale, FL Fort Myers-Cape Coral, FL Fort Pierce-Port St. Lucie, FL Fort Worth-Arlington, TX Fresno, CA Gary, IN Grand Rapids-Muskegon-Holland, MI Greeley, CO Greensboro-Winston-Salem-High Point, NC Greenville-Spartanburg-Anderson, SC Hartford, CT Honolulu, HI Houston, TX Indianapolis, IN Jacksonville, FL Jersey City, NJ Kansas City, MO-KS Knoxville, TN Lakeland-Winter Haven, FL Lansing-East Lansing, MI 9.2 2004 Q1 11.1 2005 Q1 11.5 2006 Q1 12.2 2007 Q1 11.4 Average Number of NonPrime Loans Originated per Quarter 2003-2007 840,510 Number of Non-Prime Loans Originated Q3 2007 70,603 Q2 9.2 Q3 9.2 Q4 10.6 Q2 10.5 Q3 10.3 Q4 11.0 Q2 10.6 Q3 11.2 Q4 11.7 Q2 9.9 Q3 9.8 Q4 10.2 Q2 11.9 Q3 8.7 15.4 17.7 15.8 8.2 5.8 22.0 11.9 12.7 18.9 11.0 8.4 6.5 7.2 13.2 7.0 9.5 8.6 13.4 9.8 9.0 12.3 17.7 10.5 11.8 11.3 9.9 13.8 22.2 9.1 10.4 8.6 10.0 10.1 12.6 13.0 12.3 14.1 8.1 6.7 6.8 9.5 11.2 9.2 12.7 7.4 16.9 15.5 11.1 13.1 9.4 14.8 10.7 12.3 22.2 14.4 9.5 4.8 13.4 12.1 12.9 17.3 10.8 8.2 6.4 6.2 11.7 7.1 12.6 8.2 12.8 10.6 8.3 11.4 17.9 10.8 13.7 13.0 9.8 10.5 18.8 8.3 9.6 7.9 14.5 9.5 13.5 11.5 12.2 15.0 8.9 8.2 11.0 11.0 13.0 7.9 11.9 7.9 15.2 15.7 11.6 13.5 8.8 14.9 7.6 13.5 19.4 18.1 7.1 6.3 12.0 10.0 15.0 18.0 9.8 7.3 5.1 8.0 14.6 7.9 12.5 8.1 13.4 10.8 8.0 9.6 17.6 11.0 10.4 13.8 10.3 14.8 18.0 9.1 9.6 5.7 15.0 9.0 13.9 12.6 11.9 13.8 10.2 7.5 7.4 10.6 9.7 8.6 15.3 8.7 16.6 15.6 12.7 14.0 8.4 14.0 8.2 16.1 20.0 15.4 10.8 6.1 14.8 13.7 15.7 15.8 11.0 9.0 8.3 7.1 15.2 9.2 17.0 10.2 13.8 13.8 10.7 12.0 16.2 15.0 14.6 12.5 11.7 14.4 17.6 9.9 10.9 8.3 15.8 9.7 15.4 11.6 12.3 14.2 11.4 8.1 11.5 11.7 9.3 9.9 15.3 8.8 19.9 15.6 12.5 14.7 11.5 13.5 12.0 16.9 25.4 19.4 12.1 7.8 17.1 13.0 15.9 15.2 12.5 8.4 11.1 10.6 18.2 10.5 12.6 11.7 13.2 15.7 11.4 14.4 19.2 11.9 16.0 13.5 12.0 14.3 20.2 10.4 12.7 11.3 12.1 10.1 13.4 13.2 16.1 13.5 13.4 9.1 7.8 14.0 9.4 10.9 12.6 9.2 20.3 16.1 19.9 14.9 9.2 12.0 12.5 16.6 18.9 16.7 13.6 7.8 15.4 12.5 17.4 15.0 10.6 10.0 9.4 10.3 16.4 9.5 12.4 10.7 15.7 12.1 10.0 11.3 17.3 11.4 14.0 12.1 10.9 14.0 17.6 10.0 11.7 8.4 13.0 10.0 14.0 13.0 13.3 13.9 14.2 8.5 11.2 11.6 10.7 9.2 12.1 8.6 17.7 15.6 15.7 15.6 10.8 12.9 12.6 14.9 20.5 15.2 10.6 6.8 14.2 11.1 16.7 14.6 10.6 8.6 8.3 9.6 17.2 8.4 8.9 9.6 14.8 13.8 9.8 11.4 17.6 10.2 12.1 13.0 11.6 13.4 18.2 8.3 12.4 7.2 11.1 9.6 15.0 11.5 13.9 12.5 13.8 9.7 9.8 11.8 10.6 9.5 11.9 8.4 17.9 16.4 13.3 14.8 10.4 13.4 11.0 18.4 21.8 14.5 13.0 8.2 15.0 12.6 21.1 13.1 11.9 10.9 7.8 12.2 21.1 9.2 11.4 12.2 16.0 15.0 10.3 13.8 17.0 12.7 12.6 15.8 13.5 13.4 20.4 10.1 13.4 11.1 12.7 10.5 15.8 13.1 16.4 12.2 16.8 8.8 10.2 13.4 10.2 9.8 11.4 9.3 20.9 15.0 12.2 15.9 11.7 13.9 13.7 19.2 21.2 19.0 14.0 9.1 14.8 11.0 22.3 12.9 11.4 12.4 8.3 10.5 21.6 9.3 13.3 10.5 17.1 13.9 10.8 12.6 18.3 13.4 13.7 17.3 13.2 16.6 19.6 10.8 14.7 9.6 11.1 11.5 16.5 14.8 15.8 12.4 15.1 9.3 11.1 12.3 12.7 11.3 10.8 9.5 19.9 16.7 13.2 16.2 10.5 14.7 11.3 15.7 18.9 16.2 11.9 6.6 13.9 13.2 21.1 12.2 10.6 11.2 7.9 9.6 22.2 7.8 11.1 9.3 15.5 14.7 9.4 12.2 17.7 11.6 11.5 13.9 11.5 13.2 14.9 9.9 13.5 9.5 12.6 11.7 16.4 12.8 13.8 12.4 13.3 8.4 10.0 13.0 15.9 11.2 12.0 8.0 17.5 15.4 11.8 13.1 8.9 12.9 9.4 17.4 18.0 20.9 12.1 7.6 15.1 12.9 25.3 13.7 11.1 12.1 8.4 10.4 27.6 8.2 11.2 9.5 17.5 14.1 10.0 12.9 18.4 13.8 12.9 16.1 13.0 14.0 15.5 11.4 13.5 10.4 14.0 14.3 16.6 13.8 16.8 11.9 15.2 9.0 9.9 11.8 15.4 10.7 12.4 10.1 19.1 16.2 13.0 13.4 11.2 14.2 12.3 17.6 20.8 21.6 11.1 9.9 16.5 12.7 26.2 13.0 13.0 21.2 7.4 10.7 27.4 8.6 12.7 10.1 19.0 16.6 11.1 13.0 19.5 15.1 13.3 17.0 14.1 14.3 18.1 13.1 15.9 9.6 13.9 14.1 17.3 15.5 18.2 11.1 16.2 9.7 12.5 14.8 17.3 11.2 11.0 10.8 21.2 16.7 11.2 17.5 11.2 14.8 13.4 19.9 23.0 19.3 12.8 10.3 17.7 12.2 25.3 11.8 14.2 17.1 8.5 12.5 24.0 9.1 10.8 11.5 18.2 18.6 11.9 14.0 24.0 16.1 14.4 20.0 16.5 14.2 20.3 14.6 18.2 12.2 14.7 13.1 17.3 15.7 20.9 11.6 20.3 10.9 14.8 14.6 21.9 11.4 10.9 11.4 24.8 15.4 11.5 17.4 9.1 16.3 12.7 17.4 18.7 17.4 12.5 6.3 13.1 9.5 19.4 10.1 11.3 12.8 6.2 10.5 19.0 6.8 11.8 10.0 14.8 15.2 9.1 10.1 18.5 14.0 10.7 15.6 13.7 12.0 16.5 12.4 13.8 9.7 11.1 9.2 16.3 10.3 14.7 9.5 16.9 10.2 12.7 12.0 15.1 9.5 9.4 8.8 22.2 13.1 9.9 14.8 7.5 11.3 11.7 15.0 19.1 13.9 9.7 7.8 13.6 8.8 21.1 12.4 11.6 16.5 5.4 11.6 18.6 7.0 8.9 9.0 13.2 17.3 9.1 11.2 19.2 11.0 11.6 16.6 12.1 10.9 18.2 12.6 13.6 11.2 14.5 9.3 16.6 12.1 16.7 9.4 16.3 10.2 13.1 12.4 18.6 7.3 7.9 9.8 19.8 10.7 9.3 13.4 8.5 11.0 10.8 18.7 17.0 12.6 11.2 7.6 15.0 10.5 20.5 10.0 11.3 16.2 5.7 9.8 15.8 7.5 13.3 8.4 15.7 16.2 9.7 12.7 19.0 12.5 13.6 18.2 12.3 10.4 18.4 13.6 13.7 12.4 13.5 9.4 15.8 12.3 18.4 9.4 15.9 10.3 11.3 15.0 16.7 7.7 9.2 11.3 19.3 11.7 9.3 14.5 8.6 10.9 10.0 17.3 19.2 14.1 14.2 9.5 16.3 12.1 20.3 12.3 13.1 16.7 6.0 12.2 15.6 9.5 11.7 10.8 15.0 18.0 12.0 13.3 21.5 17.4 14.6 20.9 16.4 12.3 17.7 15.5 15.7 13.1 18.3 9.4 17.2 12.5 19.9 12.9 20.2 12.0 16.4 16.7 12.8 9.4 9.7 14.0 19.9 14.0 12.0 18.7 10.0 11.3 12.7 22.4 21.9 17.8 17.9 16.5 16.4 12.6 21.0 15.4 12.4 16.1 7.5 14.1 22.7 9.7 15.5 9.0 18.5 18.7 11.8 13.8 28.0 17.4 19.4 31.1 15.1 15.3 28.6 17.7 21.8 20.7 18.0 9.4 19.1 13.6 17.9 13.2 22.8 14.7 20.5 16.6 14.6 11.4 11.3 14.7 25.7 14.2 12.5 21.7 14.4 13.3 23.7 20.4 17.0 19.2 17.3 16.3 9.9 6.2 13.9 12.2 9.5 4.8 4.1 13.6 16.5 4.4 8.7 5.8 11.3 10.4 8.7 17.7 27.7 14.2 13.6 29.1 10.6 11.7 34.6 9.7 18.1 30.8 9.2 9.4 13.6 10.8 10.8 8.0 16.5 20.9 13.0 9.7 15.9 11.3 7.0 10.3 25.8 10.4 6.6 17.7 11.6 10.5 28.0 1,385 1,275 2,086 1,313 1,175 19,828 1,482 3,506 4,392 9,589 1,186 3,578 2,162 2,298 8,352 1,235 1,556 1,809 4,677 29,362 3,188 4,352 2,216 1,038 3,347 10,112 2,597 1,595 10,662 13,170 1,043 1,021 11,237 4,015 1,949 4,400 4,647 1,369 2,074 1,162 2,025 1,437 2,588 2,436 11,923 3,722 4,714 1,490 5,054 1,502 2,126 1,011 49 94 167 110 49 1,126 162 330 221 1,052 62 484 118 188 940 103 139 195 425 2,146 113 137 148 66 134 654 171 26 689 481 26 65 788 273 102 286 325 79 86 69 103 82 186 285 652 159 355 166 203 86 171 25 Appendix Table W-8 State of the Nation's Housing 2008 2003 Q1 Las Vegas, NV-AZ Lawrence, MA-NH Los Angeles-Long Beach, CA Louisville, KY-IN Melbourne-Titusville-Palm Bay, FL Memphis, TN-AR-MS Merced, CA Miami, FL Middlesex-Somerset-Hunterdon, NJ Milwaukee-Waukesha, WI Minneapolis-St. Paul, MN-WI Mobile, AL Modesto, CA Monmouth-Ocean, NJ Naples, FL Nashville, TN Nassau-Suffolk, NY New Haven-Meriden, CT New Orleans, LA New York, NY Newark, NJ Newburgh, NY-PA Norfolk-Virginia Beach-Newport News, VA-NC Oakland, CA Oklahoma City, OK Omaha, NE-IA Orange County, CA Orlando, FL Philadelphia, PA-NJ Phoenix-Mesa, AZ Pittsburgh, PA Portland-Vancouver, OR-WA Providence-Fall River-Warwick, RI-MA Provo-Orem, UT Raleigh-Durham-Chapel Hill, NC Reno, NV Richmond-Petersburg, VA Riverside-San Bernardino, CA Sacramento, CA Salem, OR Salinas, CA Salt Lake City-Ogden, UT San Antonio, TX San Diego, CA San Francisco, CA San Jose, CA San Luis Obispo-Atascadero-Paso Robles, CA Santa Barbara-Santa Maria-Lompoc, CA Santa Cruz-Watsonville, CA Santa Rosa, CA Sarasota-Bradenton, FL Seattle-Bellevue-Everett, WA Spokane, WA Springfield, MA St. Louis, MO-IL Stamford-Norwalk, CT Stockton-Lodi, CA Tacoma, WA 11.7 6.2 7.3 8.7 10.6 13.7 11.8 9.2 5.8 9.2 7.8 6.3 10.7 7.0 8.2 6.9 3.5 13.1 15.8 6.3 7.0 6.0 18.3 6.3 12.5 6.3 5.8 11.4 8.5 10.2 10.1 12.6 12.0 12.3 11.0 14.4 14.3 7.7 11.3 9.8 7.0 9.6 12.4 8.2 5.5 5.0 13.0 12.1 7.8 9.6 12.4 6.0 15.3 12.0 10.8 3.4 8.9 9.7 Q2 11.6 6.0 7.7 7.5 11.2 12.1 12.6 9.3 5.7 9.0 9.1 9.7 10.8 7.0 9.4 5.4 4.1 13.0 14.8 6.3 8.5 6.7 18.1 6.1 12.1 6.6 6.0 11.4 8.6 11.4 8.8 11.4 10.6 12.7 9.5 13.2 14.7 7.6 10.0 10.9 8.0 11.7 11.9 7.8 6.5 5.1 14.0 9.6 6.7 9.5 15.0 6.9 12.3 15.7 10.2 4.6 8.4 11.4 Q3 12.9 5.4 7.3 9.5 11.5 13.2 9.8 9.7 6.0 9.9 7.6 12.3 9.4 7.4 8.0 7.4 4.3 10.5 13.5 7.1 7.8 7.5 16.7 6.1 14.2 6.6 6.3 10.9 9.2 11.5 8.7 10.9 10.6 12.8 10.4 13.6 12.5 7.0 11.0 12.6 7.1 10.1 13.7 8.5 6.5 4.9 10.9 7.9 8.6 10.1 13.7 6.9 16.5 13.4 10.3 4.0 8.0 11.4 2004 Q4 Q1 13.8 7.1 8.3 10.3 15.4 14.5 11.2 10.1 8.0 11.6 10.6 10.5 8.0 9.7 11.0 8.5 4.7 14.0 15.4 8.2 11.6 6.2 15.7 8.8 14.7 9.3 6.8 11.9 11.7 13.6 9.9 13.3 12.3 11.0 12.3 15.6 13.9 7.8 11.0 10.3 6.0 13.9 13.8 9.6 8.7 7.1 15.3 12.0 8.9 11.8 14.2 9.2 18.8 14.1 11.0 6.6 9.3 14.0 14.4 9.5 8.5 13.9 14.4 15.8 12.0 11.2 9.1 13.2 10.5 10.5 10.2 12.2 9.8 8.1 6.4 15.1 15.5 9.8 13.5 8.7 18.2 7.9 17.5 11.3 7.1 11.7 15.4 12.6 12.2 13.8 12.5 12.3 15.5 13.8 13.9 8.1 10.9 10.2 7.7 12.7 15.5 9.3 6.8 5.7 11.9 10.5 9.3 11.8 12.5 9.1 19.4 15.8 11.6 7.5 8.1 13.6 Q2 14.9 7.9 7.9 15.2 13.1 13.2 10.2 10.4 7.9 11.9 9.0 12.2 9.5 10.1 7.5 8.6 5.8 14.5 14.4 8.9 11.5 7.9 15.3 6.7 16.1 9.3 6.4 11.9 13.8 13.0 11.5 11.8 11.7 13.6 12.6 13.2 13.8 8.0 10.6 12.2 7.8 13.5 14.6 8.8 5.8 5.1 12.8 9.6 8.6 9.4 12.5 9.1 17.3 14.1 10.6 5.7 8.6 12.7 Q3 13.6 5.9 7.3 11.5 14.8 14.9 9.9 9.6 5.9 12.6 9.7 12.5 8.5 8.5 10.7 7.9 6.0 13.4 15.0 8.7 9.8 7.9 15.1 6.5 14.9 9.5 5.9 10.5 12.3 14.3 10.2 11.3 11.0 11.1 12.3 12.8 12.3 7.3 10.2 10.1 7.1 13.2 14.7 8.7 6.2 4.8 11.6 9.4 8.4 8.5 13.2 9.0 19.3 14.2 11.3 7.6 7.5 11.8 2005 Q4 Q1 13.5 6.9 6.6 12.4 14.5 13.7 10.9 10.3 6.9 13.3 11.0 14.0 8.4 10.0 12.3 10.2 5.8 14.1 16.8 8.1 10.0 8.0 15.8 6.4 19.0 11.8 5.6 11.1 14.9 16.0 11.3 13.1 10.7 13.1 12.0 12.2 13.4 6.7 10.0 10.5 6.2 12.9 16.1 8.0 6.0 5.5 9.6 8.4 7.7 8.3 13.7 9.2 17.2 14.7 12.5 7.8 7.8 12.7 13.7 8.4 6.9 14.0 16.2 11.9 10.2 11.2 6.4 13.9 11.4 11.1 9.0 11.5 14.0 10.3 5.9 13.0 16.8 8.9 11.9 10.3 16.6 7.3 15.9 9.1 6.2 12.7 14.1 16.5 12.7 13.6 11.2 15.2 12.9 12.7 14.4 7.3 10.0 9.9 6.5 13.7 14.3 8.8 6.8 6.3 10.8 10.3 8.5 9.8 17.0 9.4 18.9 15.1 11.9 7.6 8.1 12.6 Q2 13.4 6.3 7.0 12.5 13.9 12.2 10.0 11.1 5.6 13.1 10.8 11.1 8.6 9.6 12.8 8.7 5.3 13.2 14.2 8.0 9.9 8.1 14.7 6.4 13.6 8.1 5.9 12.8 12.5 15.6 10.1 12.5 10.1 12.9 12.0 11.7 11.9 7.2 9.4 9.6 7.5 14.9 13.2 8.6 6.9 5.5 12.0 10.5 9.4 10.5 17.7 8.8 18.3 13.3 11.0 7.2 7.4 12.9 Q3 13.5 5.5 7.3 13.0 15.7 13.4 11.5 11.1 5.5 14.4 10.8 15.7 9.5 9.9 13.4 10.8 5.3 12.2 13.6 7.6 9.2 7.1 14.3 7.2 13.8 8.0 6.3 14.2 12.8 16.0 10.9 13.5 9.5 13.1 12.6 12.9 14.8 7.5 9.8 9.2 8.2 16.2 16.6 9.0 6.6 6.1 13.1 11.2 9.4 8.5 18.3 9.2 19.9 13.4 12.0 6.5 7.2 12.6 2006 Q4 Q1 13.2 6.1 7.5 15.1 15.7 14.8 10.2 10.8 7.0 16.2 13.6 14.8 8.6 8.6 13.4 12.0 5.0 14.6 9.8 7.8 10.2 6.8 15.4 7.2 17.5 12.0 6.5 13.9 13.7 13.9 11.9 13.4 10.8 16.0 13.7 9.8 13.9 6.8 9.7 12.4 9.4 15.5 17.9 8.4 8.0 6.3 10.7 11.0 9.1 9.6 19.6 9.8 17.2 12.5 13.2 7.2 6.9 13.4 12.5 5.9 7.3 17.5 14.2 16.4 10.5 11.3 7.1 17.8 13.7 14.2 8.5 10.3 13.1 12.9 5.4 15.4 9.8 8.1 11.2 9.1 16.1 8.0 15.9 12.0 7.3 13.2 15.1 13.3 14.5 13.9 10.6 15.9 15.6 9.8 14.9 6.7 9.5 10.2 7.9 17.1 20.7 8.6 7.6 6.8 11.9 10.1 9.9 10.1 17.8 9.8 16.2 12.9 16.1 7.6 8.1 12.8 Q2 10.7 4.7 6.5 11.9 13.4 13.2 6.7 9.6 5.9 13.9 10.5 9.9 7.9 8.9 10.2 10.1 4.6 11.9 9.8 6.5 8.6 6.6 12.3 6.9 12.4 10.8 5.6 11.5 12.2 10.8 11.4 12.4 9.2 13.7 12.5 8.0 11.7 6.0 8.5 9.8 7.9 14.6 17.3 7.9 7.0 6.2 6.5 7.7 9.5 8.6 12.0 8.7 12.8 10.8 12.1 8.2 7.4 10.0 Q3 11.3 5.4 6.3 12.6 12.8 12.6 9.0 9.3 5.6 13.2 11.1 12.2 7.5 7.0 9.8 9.8 4.2 12.4 9.3 6.2 7.0 6.7 12.0 6.7 13.5 11.0 5.4 11.3 11.6 11.1 10.6 12.1 7.6 13.6 12.6 9.4 12.2 5.5 8.5 9.8 8.9 14.0 17.1 8.2 7.2 6.5 9.2 9.5 10.2 9.2 10.8 9.5 12.4 8.3 11.6 6.1 6.6 11.5 2007 Q4 Q1 12.3 5.5 6.7 12.9 11.1 13.9 9.4 9.3 5.4 14.5 13.0 13.0 8.7 7.6 12.3 9.5 4.3 12.4 13.8 6.7 7.6 7.5 13.2 7.3 16.3 10.9 6.0 10.3 12.3 11.0 10.8 12.6 8.0 11.7 13.8 9.3 11.8 6.0 9.1 10.5 8.8 12.7 16.1 8.6 8.5 7.1 9.7 11.4 9.1 11.6 12.4 10.0 12.6 10.7 11.2 7.6 7.2 11.6 12.1 8.9 7.6 15.7 12.6 15.8 12.7 9.9 5.8 17.3 15.5 13.1 11.5 7.9 12.1 12.6 5.3 15.1 16.5 7.0 8.4 8.7 15.5 8.6 16.0 9.2 6.9 12.6 13.7 12.0 12.8 13.8 10.6 15.1 14.2 13.1 14.4 7.3 10.8 9.6 9.5 13.8 17.2 9.1 9.6 7.5 12.1 11.7 10.2 11.3 14.6 11.0 16.7 12.7 13.1 6.8 9.2 14.2 Q2 14.4 9.2 7.9 15.2 15.6 18.0 12.6 10.1 6.2 21.3 16.0 19.4 13.2 7.9 12.1 13.0 5.3 13.5 19.7 7.4 9.6 8.8 17.0 7.6 21.6 16.6 6.3 13.7 13.6 14.9 16.6 14.6 13.4 17.6 16.2 12.5 13.3 8.6 11.0 12.8 10.8 17.7 19.4 9.7 8.0 6.4 13.5 14.3 9.6 11.1 14.1 11.7 11.5 8.4 15.9 5.0 10.2 13.8 Q3 11.1 7.4 5.9 22.9 9.8 19.4 13.5 7.8 3.1 11.3 11.1 12.6 4.9 4.2 9.7 9.5 4.6 11.5 24.0 5.2 6.2 6.6 16.1 5.2 13.4 5.9 4.6 10.4 9.6 12.0 16.4 9.4 17.4 13.1 14.2 6.6 12.1 5.5 6.8 18.8 4.1 15.6 16.4 6.3 6.8 4.3 8.1 13.8 7.9 6.4 11.9 9.5 13.0 15.9 10.8 3.5 9.8 16.8 Average Number of NonPrime Loans Originated per Quarter 2003-2007 17,126 1,272 48,806 1,893 1,931 3,201 1,551 13,759 2,709 3,374 10,253 1,028 3,421 3,601 1,716 3,481 9,467 1,526 1,952 14,974 6,045 1,149 5,069 16,624 1,851 1,259 16,245 10,450 10,492 25,905 2,693 7,820 3,952 1,511 2,864 1,945 2,820 33,622 12,500 1,021 2,110 5,266 3,172 16,908 8,317 9,932 1,166 1,776 1,446 2,680 2,894 10,645 1,069 1,230 6,548 1,243 5,005 3,705 Number of Non-Prime Loans Originated Q3 2007 1,072 68 5,473 70 122 155 74 1,136 325 168 615 95 163 407 165 347 1,101 139 154 2,580 722 76 490 2,012 97 34 2,061 810 1,081 1,726 140 815 155 198 268 167 331 2,409 822 80 217 525 225 1,720 1,312 1,493 185 188 215 314 218 1,614 100 63 361 260 316 345 Appendix Table W-8 State of the Nation's Housing 2008 2003 Q1 Tampa-St. Petersburg-Clearwater, FL Tucson, AZ Tulsa, OK Vallejo-Fairfield-Napa, CA Ventura, CA Visalia-Tulare-Porterville, CA Washington, DC-MD-VA-WV West Palm Beach-Boca Raton, FL Wilmington-Newark, DE-MD Worcester, MA-CT 13.9 13.9 10.1 9.8 5.1 16.0 6.8 9.1 8.8 8.5 Q2 15.4 12.6 10.5 9.2 5.9 20.7 7.5 9.6 13.4 8.5 Q3 13.8 12.6 9.8 8.1 5.5 16.7 7.5 9.0 8.8 8.4 2004 Q4 Q1 13.2 13.2 10.2 8.7 7.4 16.2 8.7 10.3 10.8 6.6 14.4 13.7 13.4 8.1 6.3 17.0 8.8 10.9 12.3 11.4 Q2 13.4 15.5 10.9 8.3 7.0 17.4 7.9 11.3 11.5 6.8 Q3 13.5 14.0 11.5 7.4 5.2 15.8 7.7 11.4 9.8 8.8 2005 Q4 Q1 14.7 17.3 12.7 7.3 5.8 15.2 8.8 11.5 13.1 7.9 15.3 17.7 14.3 8.2 5.4 12.8 9.3 12.5 13.1 8.3 Q2 15.0 14.8 12.5 7.4 6.3 12.8 8.6 13.5 10.2 7.6 Q3 16.6 16.1 12.7 8.4 6.1 12.6 8.6 15.0 10.5 6.7 2006 Q4 Q1 17.1 13.4 14.5 7.9 6.9 12.0 8.2 15.7 11.5 8.8 16.4 13.2 17.8 8.3 5.7 13.5 8.1 15.2 11.3 8.6 Q2 13.0 12.2 13.9 7.0 5.8 10.2 6.4 12.1 10.1 6.3 Q3 13.5 12.5 14.1 7.2 5.9 8.3 6.0 10.9 10.1 5.6 2007 Q4 Q1 12.7 12.7 13.2 7.6 6.5 9.4 6.5 10.8 11.3 6.1 14.9 13.7 14.0 10.1 7.1 11.7 7.3 12.0 12.8 9.8 Q2 16.1 15.9 24.6 10.3 7.0 12.5 6.9 12.0 14.5 11.1 Q3 14.4 8.3 28.3 5.5 5.0 7.7 4.4 10.1 11.9 15.3 Average Number of NonPrime Loans Originated per Quarter 2003-2007 11,718 3,230 1,359 3,986 4,919 1,626 29,348 6,623 1,495 1,430 Number of Non-Prime Loans Originated Q3 2007 731 230 60 326 603 91 3,512 525 126 72 Notes: Non-prime loans are subprime, Alt-A and jumbo loans. Investor share of originations is share of all loans with occupancy status (investor, second home or owner occupied) identified. Metros shown averaged at least 1,000 non-prime loan originations per quarter from 2003-2007. Source: First American CoreLogic, LoanPerformance data. Appendix Table W-8 State of the Nation's Housing 2008 Table W-9. Mortgage Performance by State: 2007:4 Share of Loans (Percent) Entering Foreclosure During Quarter 0.7 0.3 1.0 0.6 1.1 0.8 0.6 0.5 0.5 1.5 1.0 0.4 0.5 0.9 1.2 0.6 0.6 0.8 0.7 0.8 0.7 0.8 1.3 0.9 1.1 0.8 0.3 0.7 1.5 0.7 0.7 0.5 0.6 0.6 0.3 1.2 0.8 0.4 0.6 1.1 0.8 0.3 0.8 0.7 0.5 0.4 0.6 0.4 0.7 0.8 0.3 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming In Foreclosure at End of Quarter 1.4 0.7 1.8 1.2 2.2 1.9 1.6 1.9 1.0 3.2 1.8 1.1 0.9 2.5 3.5 2.1 1.5 2.3 2.0 2.4 1.2 1.9 3.4 2.2 2.1 1.4 0.8 1.5 3.0 1.4 1.9 1.0 1.9 1.2 0.8 3.9 2.1 0.7 1.8 2.4 1.9 1.1 1.4 1.4 0.8 1.4 1.0 0.7 1.4 2.2 0.8 Seriously Delinquent 3.7 1.2 3.1 2.7 3.8 3.1 2.5 3.0 2.1 5.2 4.0 1.7 1.6 4.0 5.6 3.1 2.8 3.9 4.1 3.5 2.5 3.2 5.9 3.4 5.3 3.0 1.5 2.6 5.0 3.2 3.1 1.9 3.0 2.6 1.4 5.9 3.4 1.3 3.3 3.9 3.3 1.8 3.5 3.2 1.6 2.0 2.1 1.4 3.0 3.4 1.4 Notes: Seriously delinquent loans are 90+ days past due or in foreclosure. Data are not seasonally adjusted. Source: Mortgage Bankers Association, National Delinquency Survey. Appendix Table W-9 State of the Nation's Housing 2008 Table W-10. Changes in Metro Area Rents: 2004-2007 Real Change (Percent) Metropolitan Area Atlanta, GA Boston-Brockton-Nashua, MA-NH-ME-CT Chicago-Gary-Kenosha, IL-IN-WI Cleveland-Akron, OH Dallas-Fort Worth, TX Detroit-Ann Arbor-Flint, MI Houston-Galveston-Brazoria, TX Los Angeles-Riverside-Orange County, CA Miami-Fort Lauderdale, FL New York-Northern New Jersey-Long Island, NY-NJ-CT-PA Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD San Francisco-Oakland-San Jose, CA Seattle-Tacoma-Bremerton, WA Washington-Baltimore, DC-MD-VA-WV 2004 -5.2 0.3 -0.5 -0.3 -5.4 -1.5 -1.7 3.7 3.0 1.8 1.7 -2.8 -2.7 0.9 2005 -3.2 -1.8 -0.4 -2.4 -3.3 -2.2 -2.3 2.9 2.8 1.8 0.4 -3.0 -2.2 1.1 2006 -1.9 -1.7 -1.1 -2.1 -1.6 -0.1 -1.4 2.5 3.7 1.9 0.5 -1.7 0.9 1.5 2007 2.0 -0.1 1.1 -0.6 -0.3 -0.7 -0.7 3.2 5.3 1.6 1.4 1.0 3.7 1.7 Source: Bureau of Labor Statistics, Consumer Price Index for Rent of Primary Residence, adjusted for inflation by the CPI-U for All Items. Appendix Table W-10 State of the Nation's Housing 2008 Table W-11. JCHS Household Projections: 2010 and 2020 Thousands 2006 JCHS Household Projections Married without Chilldren Alternative JCHS Household Projections Using Partner Household Model Unmarried Partners with Children Single Parent with Other Non-Partner Adults Age Race Married with Children Single Parent Other Family 2010 Single Person Other NonFamily Total Married Partners without Children Married Partners with Children Unmarried Partners without Children Single Person 2010 Single Parent with Children Only Other Households Total Under 35 White Minority Total 35-44 White Minority Total White Minority Total White Minority Total White Minority Total White Minority Total 2,304 1,662 3,966 1,740 1,051 2,790 6,207 2,575 8,782 8,782 2,814 11,595 9,094 2,205 11,299 28,127 10,306 38,433 5,354 3,771 9,126 6,980 4,291 11,272 4,520 1,974 6,493 706 234 940 121 31 152 17,680 10,302 27,982 2,199 1,641 3,840 1,789 1,101 2,889 1,104 484 1,589 146 49 195 43 11 54 5,281 3,286 8,568 805 ######### 708 ######### ######### ######### 399 239 637 ######### ######### ######### 2,590 1,236 3,826 653 358 1,011 699 299 998 529 185 714 363 92 456 4,834 2,170 7,004 ########### ########### ########### ########### 8,372 ########### ########### 7,404 ########### ########### 5,190 ########### ########### 4,941 ########### ########### ########### ########### 2,176 850 3,026 1,731 775 2,506 6,181 1,692 7,873 8,869 2,131 11,000 9,379 1,652 11,032 28,337 7,101 35,437 5,151 3,101 8,252 6,920 3,446 10,366 4,509 1,799 6,308 715 345 1,060 124 67 192 17,420 8,758 26,178 1,208 414 1,622 408 172 580 468 187 655 320 106 426 143 30 173 2,547 910 3,457 715 512 1,228 232 195 428 101 86 187 15 10 25 0 1 2 1,064 805 1,869 3,551 2,043 5,595 2,452 1,298 3,750 3,802 1,713 5,515 4,471 1,513 5,984 9,627 2,256 ########## ########## 8,824 ########## 2020 1,163 1,779 2,942 1,197 1,079 2,276 673 401 1,074 93 68 161 26 33 59 3,152 3,359 6,511 320 474 794 412 596 1,009 339 334 673 41 49 89 18 13 31 1,130 1,467 2,597 2,205 1,739 3,944 660 698 1,358 1,337 1,090 2,427 1,391 973 2,364 1,857 945 2,802 ########## ########## ########## ########## 8,260 ########## ########## 7,303 ########## ########## 5,194 ########## ########## 4,999 ########## 45-54 ######### ######### 459 ######### ######### ######### ######### ######### 373 ######### ######### ######### ######### ######### 367 ######### ######### ######### ######### ######### ######### ######### ######### ######### 2020 55-64 65 and Over All Ages 7,450 ########## 5,445 ########## ########## ########## Age Race Under 35 White Minority Total 35-44 White Minority Total White Minority Total White Minority Total White Minority Total White Minority Total 2,295 1,948 4,243 1,685 1,243 2,928 5,054 3,085 8,139 9,694 4,114 13,808 12,057 3,659 15,716 30,785 14,049 44,834 5,523 4,457 9,980 6,882 5,070 11,952 3,606 2,340 5,946 757 336 1,092 167 52 219 16,936 12,254 29,190 2,180 1,908 4,088 1,765 1,300 3,066 880 574 1,453 155 70 225 57 18 75 5,037 3,870 8,908 767 ######### 808 ######### ######### ######### 383 283 666 ######### ######### ######### 2,475 1,427 3,902 641 423 1,064 564 356 920 579 269 848 467 152 619 4,726 2,627 7,353 ########### ########### ########### ########### 9,893 ########### ########### 8,831 ########### ########### 7,581 ########### ########### 8,098 ########### ########### ########### ########### 2,175 1,000 3,175 1,675 917 2,592 5,033 2,028 7,061 9,786 3,114 12,901 12,432 2,745 15,177 31,101 9,804 40,905 5,329 3,667 8,996 6,818 4,072 10,890 3,598 2,137 5,735 767 492 1,259 172 114 286 16,684 10,482 27,166 1,164 481 1,646 399 204 603 378 223 601 347 153 501 188 52 240 2,476 1,114 3,590 696 595 1,292 231 230 461 81 103 183 16 14 30 0 2 3 1,024 945 1,969 3,502 2,387 5,889 2,421 1,534 3,955 3,078 2,046 5,124 4,935 2,221 7,156 ########## 3,653 ########## ########## ########## ########## 1,173 2,087 3,260 1,183 1,274 2,457 535 476 1,011 98 97 195 35 55 90 3,024 3,989 7,012 316 553 869 404 705 1,109 271 397 667 44 70 114 23 22 45 1,057 1,746 2,803 2,078 1,995 4,073 642 825 1,467 1,083 1,302 2,385 1,525 1,423 2,949 2,378 1,546 3,924 ########## ########## ########## ########## 9,761 ########## ########## 8,711 ########## ########## 7,586 ########## ########## 8,189 ########## 45-54 890 ######### 549 ######### ######### ######### ######### ######### 542 ######### ######### ######### ######### ######### 595 ######### ######### ######### ######### ######### ######### ######### ######### ######### 55-64 65 and Over All Ages 7,706 ########## 7,092 ########## ########## ########## Note: Whites are non-Hispanic, and minorities are all householders other than non-Hispanic whites. Sources: JCHS Research Note N06-4, 2006; Revised JCHS household projections using partner household model. Appendix Table W-11