Archive

Go to:

May 2018
SMTWTFS
12345
6789101112
13141516171819
20212223242526
2728293031
< Apr Jun >
Leaguer Email Subscription

You are not currently subscribed. Click Subscribe below to receive the Leaguer email.

Housing Confidence Falls, Remains Volatile
Tuesday, March 13, 2018 6:45 AM

The Fannie Mae Home Purchase Sentiment Index® (HPSI) fell 3.7 points in February to 85.8, reversing last month's increase. The decline can be attributed to decreases in five of the six HPSI components.

"Volatility in consumer housing sentiment continued into February, with the new tax law beginning to impact respondents' take-home pay and the stock market creating negative headlines due to early-month turbulence," said Doug Duncan, senior vice president and chief economist at Fannie Mae. "Additionally, consumers' expectations for higher mortgage rates suggest that consumers expect the Fed to hike rates a few more times in 2018."

Component Highlights
Fannie Mae's 2018 Home Purchase Sentiment Index (HPSI) decreased in February by 3.7 points to 85.8. The HPSI is down 2.5 points compared with the same time last year.

  • The net share of Americans who say it is a good time to buy a home decreased 5 percentage points to 22 percent.
  • The net share of those who say it is a good time to sell fell 2 percentage points to 36 percent.
  • The net share of Americans who say home prices will go up decreased 7 percentage points to 45 percent in February.
  • The net share of those who say mortgage rates will go down over the next 12 months fell 7 percentage points to -57 percent.
  • The net share of Americans who say they are not concerned about losing their job fell 2 percentage points to 71 percent.
  • The net share of those who say their household income is significantly higher than it was 12 months ago rose 1 percentage point to 17 percent. The share who say their household income is significantly lower than it was 12 months ago fell 2 percentage points to 9 percent, matching a survey low last seen in February 2017.

To learn more about Fannie Mae's Home Purchase Sentiment Index and National Housing Survey consumer attitude measures, please click here.