USHMC-National-QuarterlyCommentary

SA = seasonally adjusted.

NSA = not seasonally adjusted.

SAAR = seasonally adjusted annual rate.

r = revised.

s = statistically significant.

n = not statistically significant.

u = statistical significance unavailable.

Z = Suppressed for data quality reasons.

N/A = not available.

FHFA = Federal Housing Finance Agency.

ARM = adjustable-rate mortgage.

DQ = delinquent.

FC = foreclosure.

FHA = Federal Housing Administration.

VA = U.S. Department of Veterans Affairs.

PMI = private mortgage insurance.

GDP = Gross Domestic Product.

URE = usual residence elsewhere.

Note: Components may not add to totals because of rounding.

* The share of previous-quarter shipments sold (or leased) and placed for residential use four months after shipment. For shipments in the first quarter, for example: sales and placements (from January - May) for January shipments; (from February - June) for February shipments; and (from March - July) for March shipments are summed and divided by the total number of homes shipped in the first quarter to obtain the percentage of manufactured homes sold and placed four months after shipment.

** As of November 2022, Freddie Mac no longer surveys lenders, but instead, bases its mortgage rate estimates on thousands of applications received from lenders and submitted to Freddie Mac when a borrower applies for a mortgage. In addition, Freddie Mac stopped publishing data on adjustable-rate mortgages (ARMs).

*** FHA market share estimates are based on new methodology beginning with the Q3 2013 report; estimates were revised back through Q1 2011. See the FHA Market Share report on their website for an explanation of the new methodology: http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/rmra/oe/rpts/fhamktsh/fhamktqtrly.

**** FHA mortgage applications and endorsements data have been revised to exclude Home Equity Conversion Mortgages (HECM) beginning with the Q3 2013 release.

***** GDP and related data are BEA's second estimate out of the three estimates they publish for a given quarter.