The Fannie Mae Home Purchase Sentiment Index fell by 4.7 points to 68.5 in April, its lowest level since May 2020, as surveyed consumers expressed heightened concerns about housing affordability and rising mortgage rates.
Tag: Doug Duncan
Multifamily Gives Positive Edge to March Housing Starts
Housing starts improved slightly in March, thanks to a bump in multifamily starts, HUD and the Census Bureau reported Tuesday.
Housing Starts Give Spring Home Buying Season Early Momentum
These days, is there really a spring home buying season? Especially when every month feels like buyers are knocking down every available door? Even, so, the New Residential Construction report from HUD and the Census Bureau portends what could be an even busier period for the housing market.
Fannie Mae: Growing Number of Consumers Expect Rates, Home Prices to Rise Further
The Fannie Mae Home Purchase Sentiment Index increased by 3.5 points to 75.3 in February, but showed affordability constraints continue to drive consumers’ perception of the housing market.
Strong February Jobs Report Gives Fed Momentum for March Rate Hike
For the second straight month, employment numbers beat expectations, with the Bureau of Labor Statistics reporting Friday that employment rose by 678,000 in February.
January New Home Sales Down 4.5%
January new home sales fell by 4.5% amid supply chain and inventory shortages, HUD and the Census Bureau reported Thursday.
January Housing Starts Down 4.1%
Housing starts stumbled out the gate in January amid ongoing supply chain issues and labor shortages, HUD and the Census Bureau reported Thursday.
Younger Would-Be Home Buyers Increasingly Pessimistic
The Fannie Mae Home Purchase Sentiment Index fell to its lowest level since just after the start of the pandemic as affordability constraints, particularly involving younger home buyers, continued to weigh on the housing market.
January Employment Shows Solid 467,000 Gain
For the first time in months, the Employment Report from the Bureau of Labor Statistics exceeded expectations: employers added 467,000 jobs in January, despite a surge in Omicron-variant coronavirus cases, BLS reported Friday.
Housing Starts End Year on Positive Note
Housing starts posted a modest increase in December, HUD and the Census Bureau reported Wednesday, and jumped by nearly 16 percent from a year ago.