Recent Publications

What's New in Research

This page displays the most recent work of THDA's Research and Planning department, and at any given time may show the most recent 6-12 months of division work. Reports will also be stored in a permanent location elsewhere on the Research and Planning page; quarterly foreclosure trends reports, for example, are permanently stored on the "Foreclosure Trends" page under the "Tennessee Housing Market" category, while Single Family Loan Program Reports are permanently stored under the "THDA Program Reports, Maps, and Data" tab.


THDA Economic Impact 2019

Affordable housing’s benefits expand beyond those individuals and families who can live in safe, sound, affordable homes thanks to the programs administered by Tennessee Housing Development Agency (THDA). In this study, we developed a comprehensive framework to estimate the economic impact of THDA activities in providing safe, sound, affordable housing options to households of low- and moderate-income. The total contribution of THDA-related activities to Tennessee’s economy was estimated at $1.4 billion in 2019.

[June 2020]

2019 THDA Investments and Impacts

The Investments and Impacts Report provides a comprehensive account of THDA’s activities during calendar year 2019. The report provides a county-by-county account of the investments made to meaningfully expand affordable housing in Tennessee. Investments by Congressional District and MSA are included as well. Detailed descriptions of the programs administered can be found in the program description section. An accompanying interactive map has been created; click here to view it.

[May 2020]

Q4 2019 Foreclosure Trends

THDA uses CoreLogic MarketTrends data to produce a quarterly series of reports on delinquency and foreclosure in Tennessee. The 4th quarter of 2019 saw the statewide totals of delinquent mortgages and loans in foreclosure hold study, much as they did during Q3 of 2019. The data used for this report represent a pre-Covid-19 market equilibrium; data reflecting the impacts of Covid-19 on mortgage performance will likely not be available until June at the earliest.

[April 2020]

Q3 2019 Foreclosure Trends

THDA uses CoreLogic MarketTrends data to produce a quarterly series of reports on delinquency and foreclosure in Tennessee. The 3rd quarter of 2019 saw the statewide totals of delinquent mortgages and loans in foreclosure stay steady. This report computes an Index Value for each county in Tennessee, which measures a county's delinquency and foreclosure rate relative to the statewide average. The full Index is included in the Appendix, along with numerous graphics and maps.

[April 2020]

County Housing & Housing Affordability Profiles

Using recently released data from the American Community Survey (ACS), these county factsheets highlight relevant housing, workforce, and economic data for each of Tennessee's 95 counties. Data for the factsheets span the 5-year period from 2014-2018, and are compared with the previous 5-year period from the ACS. These factsheets may be used to gain an understanding of homeownership rates, median household incomes, housing costs, and more.

[April 2020]

Single Family Loan Program Report, Calendar Year 2019

This report summarizes the lending activity of THDA's Single Family Program (Great Choice & New Start) during 2019. THDA funded 4,510 home purchase loans during 2019, 4,465 of which were for first-time homebuyers, and on average, purchased a house at a sale price of $153,423. Approximately 8 percent of THDA-funded home purchases in 2019 were for newly constructed homes. 2019 total loan production represented a 1 percent increase from the prior year.

[March 2020]

2019 HOME Beneficiary Report

The 2019 HOME Beneficiary Report provides information regarding HOME allocations received by the State of Tennessee, the activities completed with HOME funding, and the households served by the HOME Program during FY 2019. In total, THDA awarded $9,523,910 in program funds during FY19. During this same time, 153 units of affordable housing were completed using HOME awards from prior program years.

[March 2020]

2019 Housing Market at a Glance

The latest installment of THDA's most broad, comprehensive summary of Tennessee's housing market data. In 2019, Tennesseans saw continued pressures on housing affordability in both the rental and owner markets. Growing demand for housing pushed the housing prices and rents higher across Tennessee. The report examines a vast array of housing-related numbers, including home value appreciation, foreclosures, quality of housing stock, new home construction, and rent increases.

[January 2020]

Single Family Loan Program Report, FY 2019

This report summarizes the lending activity of THDA's Single Family Program (Great Choice & New Start) during the Fiscal Year of 2019. THDA funded 4,720 home purchase loans during FY19, 4,654 of which were for first-time homebuyers, and at the median, purchased a house at a sale price of $137,000. Seven percent of THDA-funded home purchases in FY2019 were for newly constructed homes. FY19 total loan production represented a 34 percent increase from the prior fiscal year.

[October 2019]

Q2 2019 Foreclosure Trends

THDA uses CoreLogic MarketTrends data to produce a quarterly series of reports on delinquency and foreclosure in Tennessee. The 2nd quarter of 2019 saw the statewide totals of delinquent mortgages and loans in foreclosure decline. This report computes an Index Value for each county in Tennessee, which measures a county's delinquency and foreclosure rate relative to the statewide average. The full Index is included in the Appendix, along with numerous graphics and maps.

[September 2019]

Q1 2019 Foreclosure Trends

THDA uses CoreLogic MarketTrends data to produce a quarterly series of reports on delinquency and foreclosure in Tennessee. Tennessee finished the first quarter of 2019 with delinquency and foreclosure totals stable. This report computes an Index Value for each county in Tennessee, which measures a county's delinquency and foreclosure rate relative to the statewide average.

[September 2019]

2018 Tennessee Home Sales Data

Each year, THDA uses individual home sales data provided by the Office of the Comptroller and produces summary statistics detailing county-level sales price and total sales during the calendar year. Statewide, total home sales finished at their highest level since THDA began receiving these data in 1992. The median home sold in Tennessee during 2018 was at a price of $210,000, which is the highest nominal median sales price in state history and accounts for a ninth consecutive year of an increase in median home sales price.

[August 2019]

Rural Rental Housing Issues: What the Data Tell Us

This report seeks to better illuminate housing issues faced by rural Tennessee’s communities, particularly among renter households. Rural and urban Tennessee, when compared as two overall regions, have surprisingly similar data on rental affordability and availability. However, while there is value in comparing rural Tennessee as a whole to its urban counterparts, variation within rural Tennessee far outweighs the variation between rural and urban. There is no singular, monolithic set of housing needs shared by rural Tennessee counties.

[August 2019]

2018 Tennessee Housing Market at a Glance

The latest installment of THDA's most broad, comprehensive summary of Tennessee's housing market data. In 2018, the focus of the housing markets across many parts of Tennessee shifted to affordability from recovery after the housing market crash in 2008. Home prices both in Tennessee and the nation have been on an increasing trajectory since the first quarter of 2012.

[June 2019]

Housing Indicators II: Comparing Tennessee's Cities

This report examines housing indicators within the second population tier of Tennessee's large cities. Among these five, Murfreesboro and Franklin appear consistently as high-growth, high-demand and high-income cities, distinct from the others in these categories. Johnson City is "renter friendly" with the lowest levels of rental cost burden, due to its relative balance of household incomes and rents. Clarksville and Jackson each have population increasing in tandem with housing unit increases.

[June 2019]

2019 Annual Action Plan

The 2019-20 Action Plan describes actions on behalf of the State of Tennessee to administer and implement the Consolidated Plan grant programs during the Program Year beginning July 1, 2019 through June 30, 2020. It describes the amounts and source of the five formula grant funds expected to be made available during Program Year 2019-20 and discusses the methods by which funds will be distributed to eligible applicants by the administering agencies.

[June 2019]

HMDA Data: Tennessee Trends in 2017

In 2017, mortgage activity (all applications; regardless of outcome; including home purchase, refinancing and home improvement) in Tennessee showed signs of slowing, similar to national trends. Nearly 330,000 applications for home purchase, refinancing and home improvement loans in Tennessee led to 164,577 loan originations, which represented a six percent decrease from 2016. In the nation, the total number of originated loans of all types and purposes declined by 12 percent.

[June 2019]

Housing Indicators: Comparing Tennessee's Cities

This report compares the housing markets of Tennessee's four largest cities. Nashville appears consistently as a high-growth, high-demand and high-income city, pulling away from the other three cities in these categories. Chattanooga stands out as having the lowest levels of housing cost burden, due to its relative balance of household incomes, property values, and rents. Knoxville and Memphis stand out as having the most affordable housing opportunities, particularly in the homeownership context.

[May 2019]

Housing Supply: A Tennessee Snapshot

Tennessee and its metro areas have avoided the most severe housing supply constraints seen elsewhere in the U.S., but are still facing challenges. This issue brief outlines these challenges and offers policy considerations for Tennessee’s communities.

[May 2019]