Just 17 percent of consumers think it’s a good time to buy a home, reported Fannie Mae, Washington, D.C.
Tag: Fannie Mae
Employers Add 390,000 May Jobs; Unemployment Rate Holds at 3.6%
Employers added nearly 400,000 jobs in May, largely meeting expectations, the Labor Department reported Friday. The unemployment rate held at 3.6 percent for the third straight month.
April New Home Sales Fall to 2-Year Low
New home sales in April suffered double-digit percentage losses for the second consecutive month, falling to their lowest level since June 2020, HUD and the Census Bureau reported Tuesday.
Housing Market Roundup: May 20, 2022
Catching you up on housing and economic reports that came across the MBA NewsLink desk this week during and after the MBA National Secondary and Capital Markets Conference & Expo in New York:
Industry Briefs May 19, 2022: Narrow Gauge Capital Acquires Inco-Check LLC
Inco-Check LLC, Boston, announced Narrow Gauge Capital completed acquisition of a majority interest in the company.
Multifamily Nearly—But Not Quite—Saves April Housing Starts
April housing starts fell by just 0.2 percent from March—no thanks to single-family starts, which fell by more than 7 percent—HUD and the Census Bureau reported Wednesday.
Fannie Mae: Consumer Sentiment Toward Housing Falls to 2-Year Low
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.
FHFA Announces Mandatory Supplemental Consumer Information Form Use
The Federal Housing Finance Agency announced Fannie Mae and Freddie Mac will require lenders to use the Supplemental Consumer Information Form as part of the application process for loans that will be sold to the Enterprises.
Industry Briefs Apr. 28, 2022: FHFA Announces GSEs’ Duty to Serve Plans for 2022-2024
The Federal Housing Finance Agency published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac under the Duty to Serve Program., which outline the government-sponsored enterprises’ commitment to serving manufactured housing, affordable housing preservation and rural housing.
March New Home Sales Stumble
New home sales took a tumble in March, HUD and the Census Bureau reported Tuesday, hamstrung by the usual suspects: rising interest rates; inadequate inventories and rapidly increasing home prices.