Housing Markets | PD&R EDGE
Each of HUD’s major program offices (Community Planning and Development, Housing, and Public and Indian Housing) oversee various programs that require operating parameters to govern the operations of each program.
The federal government’s analysis of local housing market conditions has its roots in the Federal Housing Administration (FHA), which Congress created in 1934 with the passage of the National Housing Act.
In June 2022, the Joint Center for Housing Studies (JCHS) of Harvard University released its 35th annual housing report, The State of the Nation’s Housing 2022, which assesses the current state of the housing market.
The Austin-Round Rocks, TX housing market area (Austin HMA) — coterminous with the Austin-Round Rocks, TX Metropolitan Statistical Area (MSA) — is located in south-central Texas and includes Bastrop, Caldwell, Hays, Travis, and Williamson counties.
The Palm Bay-Melbourne-Titusville Housing Market Area (Palm Bay HMA) sits on the northeast coast of Florida, includes all of Brevard County and is coterminous with the metropolitan statistical area of the same name.
Access to fair mortgage products is crucial to many families’ ability to become homeowners. Mortgage access depends on assessments of the risk that a borrower will default, which typically are made through traditional credit scores and other financial information from lending institutions.