Sunday, June 27, 2010

Housing Supply Metrics

by Calculated Risk on 6/27/2010 08:13:00 PM

Here is a table of various housing supply measures (just putting this in one place with links to the source data).

Note: here is the Weekly Summary and a Look Ahead. It will be a busy week!

Housing Supply Overview
Total delinquent loans17.3 million
Seriously delinquent loans1,25.0 million
Total REO Inventory30.5 million
Fannie, Freddie, FHA REO4210 thousand
Homeowners with Negative Equity511.2 million
Homeowner vacancy rate62.6%
Rental vacancy rate610.6%
Excess Vacant Units6,71.7 million
Existing Home Inventory83.89 million
Existing Home Months of Supply88.3 months
New Home Inventory9213 thousand
New Home Months of Supply98.5 months

1 Source: estimate based on the Mortgage Bankers Association’s (MBA) Q1 2010 National Delinquency Survey. "MBA’s National Delinquency Survey covers about 44.4 million first lien mortgages on one-to four-unit residential properties ... The NDS is estimated to cover around 85 percent of the outstanding first-lien mortgages in the country."

2 This is based on the MBA's estimate of loans 90+ days delinquent or in the foreclosure process.

3 Source: Radarlogic and Barclays as of Feb 2010.

4 Source: Fannie Mae, Freddie Mac and FHA. Fannie, Freddie, FHA REO Inventory Surges 22% in Q1 2010

5 Source: CoreLogic Q1 2010 Negative Equity Report

6 Source: Census Bureau Residential Vacancies and Homeownership in the First Quarter 2010

7 CR calculation.

8 Source: National Association of Realtors

9 Source: Census Bureau New Residential sales