Tuesday, October 26, 2010

HUD Has New Mapping Tool for NSP3 AND Oregon Census Tract Block Group Level Foreclosure and Unemployment Estimates Through June 2010.

HUD has taken a long time in getting NSP3 local data posted, even though that data is referenced in the recent NSP 3 notice.

HUD has now provided a local mapping tool HERE, which allows zooming to individual census tracts to identify tracts with greatest foreclosure risk. The data visible on the map at the CT level looks like this:

Tract Number 41051003803
Tract NSP3 Need Score 4
State Minimum Qualifying NSP3 Score 11
HMDA Mortgages 2004 to 2007 738
Estimated Delinquent Mortgages (%) 5.2
Total USPS Residential Addresses 1764
USPS Residential Addresses Vacant 90+ days 57
USPS Residential Addresses NoStat 18

A description of HUD 's method of making these calculations is HERE

HUD has ALSO published data by state in Excel on the various factors down to the census tract/BLOCK group level. This data includes vacancy estimates, foreclosure estimates, and unemployment estimates--with updates for many fields through June 2010. The HUD page to download state level data and more is HERE. A data dictionary for the NSP 3 field names is HERE. This is the ONLY public database I know that provides these recent estimates down to this level of LOCAL geography.

Oregon Housing Blog, Oregon Enhanced NSP 3 Data
HUD data uses abbreviations for data field names. I downloaded the Oregon data and added a worksheet with my version of field names so that users could readily understand the data available. 

Using filters and pivots, users should be able to see which areas had the highest HUD foreclosure scores, completed REO, etc.  This enhanced data is available HERE in Excel for more than 4,700 Oregon census tract block groups. (Time permitting I may revise this workbook in the future to add fields and show aggregations by city or county).

Originally created and posted on the Oregon Housing Blog.


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