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PD&R UPDATES

PD&R UPDATES

5 February, 2026

DATA HIGHLIGHT

A bar graph titled Homeowners' Equity Rose in the Second Quarter of 2025, shows the total amount of owners' equity in household real estate in the United States at the end of each quarter in trillions of dollars from the first quarter of 2005 to the second quarter of 2025. The graph shows that homeowners' equity rose to a peak of nearly $35.8 trillion in the second quarter of 2025. The source of the data is the Federal Reserve Board.
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HOUSING MARKET REPORTS

 

National Housing Market Data Modern multi-story apartment buildings with balconies with trees and greenery in the foreground under a clear blue sky.

PD&R produces regular reports on housing market data at different levels of analysis, including a monthly National Housing Market Indicators report that highlights key statistics and trends in the housing market, and quarterly National Housing Market Summaries and Data.

 

Housing Market Profiles

Housing Market Profiles typically focus on metropolitan areas and discuss economic activity, population changes, building activity, and sales and rental market conditions with a focus on the most recent 24 months.

 

As of the 12 months ending August 2025, single-family permitting in the Milwaukee metropolitan area increased from the previous 12-month period.

A bar graph shows the number of single-family homes permitted in the Milwaukee metropolitan area. The X-axis includes bars for each year 2016 through 2024 and the 12 months ending August 2024 and August 2025. The number of homes permitted ranges from a low of 1,400 in 2023 to a high of nearly 1,800 in 2021. The final bar, for the 12 months ending August 2025, shows approximately 1,700 single-family homes permitted.

12 ME = 12 months ending.
Sources: U.S. Census Bureau, Building Permits Survey; 2016–24—final data and estimates by the analyst; past 24 months of data—preliminary data and estimates by the analyst

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Comprehensive Housing Market Analyses

HUD's Economic and Market Analysis Division prepares Comprehensive Housing Market Analyses that assist and guide HUD in its operations, particularly with regards to FHA multifamily loan activity.

DATASET RELEASES

NEW REPORTS Evaluation of the Rental Assistance Demonstration (RAD)

Worst Case Housing Needs: 2025 Report to Congress

This biennial report provides data on and analysis of critical problems facing low-income renting families, drawing primarily on research from the 2023 American Housing Survey.

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An aerial view of a four-story building surrounded by parked cars in front, a playground in the foreground, and mountains in the background.

CASE STUDIES

Steamboat Springs, Colorado: 75-Unit Development Provides Housing for Tourism Town's Local Workforce

The small resort city of Steamboat Springs, Colorado, relies on service workers to sustain its tourism-based economy, but lacks sufficient affordable workforce housing. Anglers Four Hundred, a 75-unit complex in the southern part of the city, helps to address this shortage. The project provides one-, two-, and three-bedroom apartments for households earning between 30 and 80 percent of the area median income. The project received an award from Novogradac in 2024 in the Development that Best Exemplifies Rural Community Impact category.

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Missoula, Montana: Partnership Expands Affordable Housing Opportunities

The Villagio, an apartment complex in Missoula, Montana, provides much-needed affordable housing in a booming city that had seen minimal affordable housing construction over the past two decades. The 200-unit development is affordable to households earning 30 to 60 percent of Missoula’s area median income, and project-based vouchers are attached to 32 of the units.

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