Posts Tagged ‘National Housing Survey’

Homebuyer Confidence – March Report

April 11th, 2017 Comments off

Credit: Fannie Mae.

Although overall consumer confidence rose in March, consumer confidence in home buying slipped almost four percentage points for the month.

According to the Fannie Mae Home Purchase Sentiment Index (HPSI), confidence decreased 3.8 percentage points to 84.5, following a record high in February. The index showed that the share of people who reported that now is a good time to buy a home fell 10 percentage points, while the share reporting that now is a good time to sell increased by 9 percentage points.

The share of Americans who say that mortgage rates will go down over the next twelve months fell 5 percentage points, to a new survey low, and the share of those who think home prices will go up decreased by 1 percentage point this month.

Home purchase sentiment gave back some of the gains accumulated over the prior two months that sent the index to its survey high in February. Strong home price appreciation has turned into a double-edged sword for the housing market as it boosted the net share of consumers saying it’s a good time to sell to a record high, surpassing the plunging good time to buy indicator for the first time in the history of the survey,” said Doug Duncan, Fannie Mae senior vice president and chief economist.


Credit: Fannie Mae.

In addition, the net share of consumers who expect mortgage rates to rise over the next year exceeded that experienced during the 2013 taper tantrum. However, the housing market could get some tailwinds from a seasonal rise in for-sale inventory, particularly as some sellers seek to lock in profits from recent rapid home price gains. The market could also get a boost from homebuyers who decide to jump into the market before rates rise further.”

The HPSI provides information about consumers’ home purchase sentiment from Fannie Mae’s National Housing Survey (NHS) into a single number. The HPSI reflects consumers’ current views and expectations of housing market conditions.


Manufactured Housing Front and Center?

The Daily Business NewsMHProNews and MHLivingNews have covered the case for manufactured housing as a viable solution to hope for the American Dream of home ownership at a reasonable price extensively, including Bloomberg making a statement to the same effect.

The ability to significantly cut down on production time, provide a high quality product to federal standards, all at a lower price point serves as the ideal solution to inventory and housing challenges. The titans of business recognize the opportunity as well, as giants and independents alike are actually “doubling down” on the industry.

For more on manufactured housing being the solution that’s hiding in plain sight, see MHProNews and MHLivingNews Publisher L.A. “Tony” Kovach’s insight into the opportunity linked here. ##


(Image credits are as shown above.)



RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews

Survey Says Good Time to Buy

November 15th, 2012 Comments off

According to the Fannie Mae October National Housing Survey of 1,000 Americans, 50 percent expect home rental costs to increase, providing more incentive to buy a home. RealtorMag tells MHProNews the survey revealed 72 percent of respondents say now is a good time to purchase a home, while only 18 percent note it is a good time to sell. Doug Duncan, Fannie Mae’s senior vice president and chief economist, states, “Increasing household formation, encouraged by an improving labor market, is adding additional momentum to the housing recovery and putting upward pressure on rental price expectations. Expected increases in both owning and renting costs may encourage more consumers to buy and add further strength to the housing recovery already under way.”

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Study Confirms Draw of Homeownership

August 17th, 2012 Comments off

In a recent paper from the Joint Center for Housing Studies at Harvard University which examines the association between views on homeownership and the recent downturn in the housing market, MHProNews has learned evidence suggesting respondents’ preferences for owning versus renting have not changed, except among borrowers who have underwater loans, or are close to someone who defaulted on a loan. Based on data from Fannie Mae’s National Housing Survey from 2010 and 2011, the study shows preferences are more apt to be based on whether one already owns or rents as the stronger predictor. The draw of homeownership, seen as a consumption good and as a financial investment, as a place to raise children and promote security, indicates the American dream of owning one’s own home is alive and well. For the full study, please click here.

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Statistics Show Slight Improvement in Employment—Maybe

February 4th, 2012 Comments off has learned from NationalMortgageNews refinancings have led mortgage companies to add 3,000 employees to their rosters since September. While the U.S. Bureau of Labor Statistics (BLS) says mortgage firms employed 265,000 full time personnel at year’s end, year-over-year employment at mortgage firms actually fell 5.4 percent last year. Of the 243,000 new jobs created in January 2012, 21,000 were in construction, a drop from the gain of 31,000 in November, according to the BLS. The unemployment rate dropped .02 percent from the month earlier to 8.3 percent, a total of 12.9 million people. This figure, however, does not include the 1.1 million discouraged  job-seekers who have all but given up looking; nor the 1.7 million who sought to join the work force during the past year, but not in the past four weeks. Sources tell the actual rate is closer to 11 percent. At the same time, government figures note spending is on the rise for single-family and multifamily residential construction. Fannie Mae’s “National Housing Survey” scheduled for release next week will show that consumer confidence is continuing to improve.

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Fannie Mae Says Consumer Sentiment Stabilizing

December 7th, 2011 Comments off

Fannie Mae LogoIncidental improvement in the housing market is being noticed as consumer sentiment stabilizes, according to a new survey from Fannie Mae. The group’s November National Housing Survey revealed home price expectations moved from negative to positive territory for the first time in six months, with respondents expecting home prices to increase by 0.2 percent over the next year. This places consumer sentiment in line with Fannie Mae’s Economics & Mortgage Market Group’s November forecast of temporary economic improvement during the third and fourth quarters of 2011, leading into a slower economic growth path in 2012. “Though their home price expectations have become slightly positive, consumers remain concerned about the direction of the economy and continue to view their household finances as being relatively flat,” says Doug Duncan, vice president and chief economist of Fannie Mae. “Most Americans expect no improvement in their personal financial situation in the next 12 months and will likely remain wary about undertaking the significant financial obligation associated with homeownership until their view of their income, expenses, and job security heads in a more positive direction.” The survey also reveals thirty-two percent of Americans now say they would rent their next home, while 63 percent say they would buy, down 3 percentage points since last month and a return to the level seen in September.