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 2020 Investments & Impacts

THDA administers a wide range of programs for families and individuals to help them locate and afford a place to call home. The Investments and Impacts report provides a comprehensive account of THDA's programs and activities during 2020. It also offers a more detailed geographic breakout of THDA activity by county and Congressional District.

[March 2021]

2020 THDA Mortgage Production Report

2020 loan production was THDA’s third highest year of production in the last 10 years. Despite challenging economic circumstances, THDA’s loan volume in 2020 exceeded the average of the previous decade. This loan production led to a funding of $537.7 million in first and second loans, a 25 percent decrease in total loan dollars.

[March 2021]

Actions to Overcome Impediments to Fair Housing for Tennessee Renters

Adverse phenomena experienced across Tennessee’s rental markets disproportionately impact individuals and households on the basis of membership in a protected class. The state of Tennessee has long been a leader in developing innovative approaches to rental housing. This brief – the fifth in a series of six examining fair housing issues in Tennessee – describes THDA’s continuing actions to expand fair housing choice in rental housing through careful deployment if its resources.

[March 2021]

Mortgage Delinquency and the Pandemic: An Update

Tennessee and the U.S. are facing two concurrent, but seemingly contradictory, trends in mortgage delinquency. The overall share of homeowners behind on their mortgage has shrunk markedly and consistently, having declined for six consecutive months, amounting to 34 percent of the initial increase caused by the pandemic. The share of severely delinquent borrowers, however, has barely rebounded from its pandemic peak, and when isolating to FHA borrowers, who tend to be lower-income, the data do not even show the beginnings of a possible recovery.

[February 2021]

Fair Housing Impacts of Utility Costs and Broadband Access

Though not immediately anticipated as a fair housing concern, equitable and affordable access to utilities and broadband can be important factors in housing stability for vulnerable populations. Utilities can have a great impact on housing affordability and health, while broadband is becoming increasingly important as jobs, schooling, and even medical care moves online. This brief – the fourth in a series of six examining fair housing issues in Tennessee – describes impediments to these essential services at both the household and community level and considers current initiatives by the State of Tennessee to overcome these barriers.

[February 2021]

Disparities in Housing Opportunity for those with Disabilities

Disability is the most common basis for Fair Housing Complaints. More than 15 percent of adult Tennesseans live with some kind of physical, cognitive or other type of disability. THDA is taking action to eliminate impediments to housing choice encountered by Tennesseans with disabilities. This brief – the third in a series of six examining fair housing issues in Tennessee – describes some of the impediments which limit housing choice for Tennesseans with a disability. The brief also describes THDA’s ongoing efforts to eliminate these barriers and increase the supply of housing that is accessible and affordable.

[February 2021]

2020 HOME Beneficiary Report

The 2019 - 2020 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 from July 1, 2019 through June 30, 2020.

[January 2021]

Tennessee Homeowners During the Pandemic: An End-of-Year Update

Months after the Covid-19 pandemic disrupted employment at historic rates, the full scope of its impact on Tennessee homeowners is still unknown--largely due to foreclosure moratoriums that remain in effect through January and February. Mortgage delinquency rates continue to trend downward in the last two months, while severe (90+ days) delinquency rates also appear to have peaked and are now trending downward.

[January 2021]

Racial Disparities in Home Mortgage Originations in Tennessee

THDA is taking action to eliminate racial disparities in home loan approval rates in Tennessee. Data show that Black Tennesseans face much greater loan denial rates than their White counterparts. This brief – the second in a series of six examining fair housing issues in Tennessee – quantifies the scale of this unequal access to credit. The brief also describes THDA’s ongoing efforts to close the racial gap in homeownership and loan denial rates.

[January 2021]

Fair Housing Perspectives

The purpose of this brief is to present a summary of the State’s AI research and Fair Housing Plan and to serve as an introduction to other briefs in a series examining fair housing issues in Tennessee. There will be six briefs in total; view the report for more on disability access, racial disparities, and findings from a THDA survey of Tennesseans.

[January 2021]

2019 Home Loan Trends in Tennessee (using HMDA Data)

Before Covid-19, mortgage lending data showed that loan originations of all types were on the rise in Tennessee. Home purchase loans, refinances, and home improvement loans all increased from 2018 to 2019. In particular, traditional home refinance loans were tremendously responsive to lower interest rates, preceding the pandemic environment. For a comprehensive view of how this varied across geography, demographic group, and income ranges, view the full report.

[December 2020]

Tennessee Homeowners During the Pandemic: Why the Outlook is Favorable, Compared to the Great Recession

Foreclosure moratoriums that cover a majority of the nation’s mortgages are still in effect; once these expire, foreclosure activity is likely to pick up. The pandemic environment remains full of uncertainty going forward. Yet Tennessee homeowners facing foreclosure are in a better position to sell their home, and avoid a financial loss, than they have been at any point in the past decade. For further discussion of why this is the case, as well as a deeper look at the pandemic's impact across Tennessee's 95 counties, view the full report.

[December 2020]

Tennessee Homeowners During the Pandemic: Covid-19 vs. the Great Recession

Tennessee’s unemployment rate at the height of Covid-19 (15.5%) was much higher than the state’s Great Recession peak (10.9%). Yet the state’s rate of severely delinquent mortgages is still just three fifths of its peak during the Great Recession. For further discussion of why this is the case, as well as a deeper look at the pandemic's impact across Tennessee's 95 counties, view the full report.

[November 2020]

Tennessee Homeowners During the Pandemic: Overall Delinquency Down Slightly, but Severe Delinquencies Up Across the State

Using data published in September 2020, this report report finds that mortgage delinquency has fallen slightly, both in Tennessee and the U.S., from its April/May peak, corresponding with the height of the pandemic's shock to employment levels. Severe delinquencies, however, remain on the rise and could continue to climb in upcoming months. The report also finds severe delinquency to have increased in virtually all areas of the State, regardless of geography or Urban/Rural status.

[October 2020]

Tennessee Homeowners During the Pandemic: Delinquency, Forbearance, and Foreclosure

The Covid-19 pandemic has unquestionably produced abrupt shifts in Tennessee’s
economic and housing landscape. This report aims to summarize these abrupt shifts and
emergent patterns in employment and mortgage delinquency. Using data published in August 2020, the report finds that mortgage delinquency has indeed spiked since the pandemic emerged, with the potential for more ahead.

[September 2020]

2018 Mortgage Lending Trends in Tennessee (using HMDA data)

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]