Newsletters
From Illinois, Indiana, Michigan, Minnesota, Ohio and Wisconsin

Regional Newsletters

HUD Midwest State Newsletters

Michigan Newsletters

  • MiHUDdle: Michigan statewide Newsletter
  • MI Public Housing Bridging the Gap: An e-briefing featuring news and information from HUD's Detroit Office of Public Housing

Minnesota Newsletters

National HUD Program Newsletters

Tools & Resources

  • Library: Illinois
  • Multifamily Data
  • Regional Housing Market Data and Analysis
    Regional Narratives are published quarterly for each of HUD’s ten regions. Each narrative provides an overview of economic and housing market trends within the region. The reports contain an analysis of the year over year change in several key variables: nonfarm payrolls by sector, the unemployment rate, home sales, home prices, foreclosure data, vacancy rates, rents, and building permit activity. Current sales market and rental market conditions in major metropolitan areas are also discussed.
  • Regional Housing Market Conditions Narrative
    Economic conditions continued to improve following the COVID-19 recession during March and April 2020, although the rate of growth has slowed compared with the second quarter of 2021. By September 2021, 81.2 percent of the 3.79 million jobs lost on a monthly basis during March and April 2020 (not seasonally adjusted) had been recovered. Consumer spending nationally rose nearly 12 percent, to $15.95 trillion, during the third quarter of 2021 from a year earlier, following a decline of 2 percent from the third quarter of 2019 to the third quarter of 2020 (U.S. Bureau of Economic Analysis). Consumption of goods remained strong through the COVID-19 recession, rising 8 percent from the third quarter of 2019 to the third quarter of 2020 and 13 percent during the past year. Consumption of services, however, fell 6 percent year-over-year during the third quarter of 2020, preceding an 11-percent increase during the past 12 months, led by a 30-percent increase in food services and accommodations. The pattern was similar in the Midwest region, as restrictions on gatherings and social distancing continued to ease. Conditions in the sales market ranged from tight to very tight because of strong demand and low mortgage interest rates, along with a low inventory of homes for sale. Apartment markets ranged from balanced to tight, similar to conditions during the previous quarter and a year earlier. Sharp declines in vacancy rates in downtown submarkets in the eight major metropolitan areas referenced in this report supported balanced to tight apartment market conditions.
    • During the third quarter of 2021, nonfarm payrolls in the Midwest region increased 3.2 percent, the second-slowest percentage gain among the 10 HUD-defined regions, after the Great Plains region. Nonfarm payrolls rose in every state in the region; job gains were highest in Illinois, which accounted for 25 percent of regional job increases.
    • During the 12 months ending August 2021, home sales prices increased sharply because low interest rates, low for-sale inventory, and increased pandemic-related demand led to home sales gains of 9 percent. New home construction, as measured by the number of single-family homes permitted, however, declined.
    • Apartment vacancy rates decreased, and average apartment rents increased in the eight largest markets cited in this report, despite a rise in the number of new apartment completions from a year earlier.
  • Community Assessment Reporting Tool (CART) - identifies communities receiving HUD investments
  • HUD Resource Locator - offers real-time HUD housing information
  • Grants.gov – Provides information on grant opportunities
  • HUD Exchange - resources and assistance for HUD's community partners
 
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