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Obama Administration Releases January Housing Scorecard

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the January edition of the Obama Administration's Housing Scorecard – a comprehensive report on the nation’s housing market. Data in the January Housing Scorecard underscore fragility as the overall outlook remains mixed. Inventories of existing homes for sale and the overhang of homes held off market improved over the last two quarters and foreclosure starts continued to fall in December. However, data on new home sales and home prices offered mixed signals, while foreclosure completions ticked upward. The full report is available online at www.hud.gov/scorecard.
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