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.


2018 HMDA Report

In 2018, mortgage activity (all applications; regardless of outcome; including home purchase, refinancing and home improvement) in Tennessee declined from the prior year, similar to national trends. The source of this decline in overall activity was a decrease in overall refinance activity. The 2018 HMDA data have improved detail from prior years; for the first time, this report summarizes information on the prevalence of cash-out refinancing (as opposed to traditional refinances) and borrower DTI ratios.

[September 2020]

2019 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 2019 was at a price of $226,000, which is the highest nominal median sales price in state history and accounts for a tenth consecutive year of an increase in median home sales price.

[August 2020]

Housing Indicators: Comparing Tennessee's Intermediate-Sized Cities

This report compares the housing markets of Tennessee's intermediate-sized cities. The data represent a baseline comparing these cities in a pre-Covid environment. This baseline will inform future evaluation of the pandemic's impact on the housing markets of these cities. THDA Research has also produced corresponding one-page sheets for each city included: Clarksville | Murfreesboro | Franklin | Johnson City | Jackson

[August 2020]

Housing Indicators: Comparing Tennessee's Largest Cities

This report compares the housing markets of Tennessee's four largest cities. The data represent a baseline comparing these cities in a pre-Covid environment. This baseline will inform future evaluation of the pandemic's impact on the housing markets of these cities. THDA Research has also produced corresponding one-page sheets for each city included: Nashville | Memphis | Knoxville | Chattanooga

[August 2020]

County Housing Profiles: Interactive Map

Using data from the County Housing & Housing Affordability Profiles, released earlier this year, THDA Research and Planning has made the data available in an interactive mapping tool. Data are displayed visually through the maps themselves, through pop-up boxes (when a user clicks on a county of interest), and are available for exporting to .csv through the attribute table.

[August 2020]

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]

2020-2024 State of TN Consolidated Plan

The Consolidated Plan is an assessment of the affordable housing and community development needs and market conditions in the State of Tennessee. The Consolidated Planning process serves as the framework for a statewide dialogue to identify housing and community development priorities that align and focus funding from the Community Planning Development formula grant programs.

[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.

[May 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]

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 home buyers, 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]