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| **Secondary MarketReport** | **January1998**
TABLE 8 Trend ofBuilder's Plans Compared to Previous Month by Housing PriceCategory(Percent of Field Offices Reporting)**Jan 1998                    Jan 1997                ----------------------       --------------------                ------ Trend --------        ------ Trend -------                Down    Stable    Up         Down   Stable    Up                ----------------------       --------------------Low-Priced         8%     79%     13%          7%     81%     12%Mod-Priced         3%     72%     25%          0%     81%     19%High-priced        5%     72%     23%          7%     79%     14%All                3%     79%     18%          0%     91%      9%                     Dec 1997                    Dec 1996                ----------------------       --------------------                ------ Trend --------        ------ Trend -------                Down    Stable    Up         Down   Stable    Up                ----------------------       --------------------Low-Priced         8%     78%     14%          5%     85%     10%Mod-Priced         3%     72%     25%          0%     78%     22%High-priced        7%     72%     21%          5%     76%     19%All                3%     77%     20%          2%     86%     12%                     Nov 1997                    Nov 1996                ----------------------       --------------------                ------ Trend --------        ------ Trend -------                Down    Stable    Up         Down   Stable    Up                ----------------------       --------------------Low-Priced         9%     79%     12%          7%     84%      9%Mod-Priced         3%     71%     26%          0%     80%     20%High-priced        5%     72%     23%          5%     79%     16%All                3%     78%     19%          1%     86%     13%                             PERCENTAGE POINT DIFFERENCE                 Nov 1997 - Jan 1998          Nov 1996 - Jan 1997                ----------------------       --------------------                ------ Trend --------        ------ Trend -------                Down    Stable    Up         Down   Stable    Up                ----------------------       --------------------Low-Priced        -1%      0%      1%          0%     -3%      3%Mod-Priced         0%      1%     -1%          0%      1%     -1%High-priced        0%      0%      0%          2%      0%     -2%All                0%      1%     -1%         -1%      5%     -4%    Data as of: Jan 1, 1998                        HFEP: 1-01-98  ***HSG/FHA Home Page | Reports Menu | Email Us***** |
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