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| **Secondary MarketReport** | **May 1998**
TABLE 8 Trend ofBuilder's Plans Compared to Previous Month by Housing PriceCategory(Percent of Field Offices Reporting)**May 1998                      May 1997                ----------------------       ----------------------                 ------ Trend -------         ------ Trend -------                Down    Stable    Up           Down  Stable     Up                ----------------------       ----------------------Low-Priced        15%     70%     15%            8%     80%     12%Mod-Priced         4%     73%     23%            1%     79%     20%High-priced        6%     71%     23%            5%     72%     23%All                4%     80%     16%            0%     82%     18%                       Apr 1998                     Apr 1997                ----------------------       ----------------------                 ------ Trend -------         ------ Trend -------                Down    Stable    Up           Down  Stable     Up                ----------------------       ----------------------Low-Priced        16%     68%     16%            7%     80%     13%Mod-Priced        22%     76%      2%            3%     71%     26%High-priced       18%     76%      6%            5%     76%     19%All               18%     82%      0%            0%     83%     17%                       Mar 1998                     Mar 1997                ----------------------       ----------------------                 ------ Trend -------          ------ Trend ------                Down    Stable    Up            Down  Stable    Up                ----------------------       ----------------------Low-Priced        12%     78%     10%            3%     80%     17%Mod-Priced         2%     72%     26%            0%     75%     25%High-priced        3%     71%     26%            5%     75%     20%All                0%     81%     19%            2%     81%     17%                     PERCENTAGE POINT DIFFERENCE                 Mar 1998 - May 1998          Mar 1997 - May 1997                ----------------------       ----------------------                 ------ Trend -------          ------ Trend ------                Down    Stable    Up            Down  Stable    Up                ----------------------       ----------------------Low-Priced         3%     -8%      5%            5%      0%     -5%Mod-Priced         2%      1%     -3%            1%      4%     -5%High-priced        3%      0%     -3%            0%     -3%      3%All                4%     -1%     -3%           -2%      1%      1%    Data as of: May 1, 1998                        HFEP:   6-02-98  ***HSG/FHA Home Page | Reports Menu | Email Us***** |
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