Earlier this month,Fannie Mae’sEconomic & Strategic Research Groupannounced the launch of theirHome Purchase Sentiment Index(HPSI). The index will distill results fromFannie Mae’s consumer-focusedNational Housing Surveyinto a single, monthly, predictive indicator. According to Doug Duncan, Senior Vice President and Chief Economist atFannie Mae, the goal for the new index is simple:
“The Fannie Mae Home Purchase Sentiment Index provides the market a single number to track consumer attitudes focused on the housing market. Utilizing our National Housing Survey, the only consumer sentiment survey of its kind focused on housing, the HPSI will offer insights regarding current and future-looking housing market outcomes and will complement existing data sources to inform housing-related analysis.”
Here is a graph of the findings of the HPSI from May 2011 until the current index. A higher number reflects a more positive sentiment from the consumer.
According to consumer sentiment, the housing market has made great strides over the last four years.
Author:Allison Gaddy Phone: 512-954-8800 Dated: September 20th 2015 Views: 297 About Allison: Allison co-founded the Gaddy Group and manages the company’s Austin, Texas operations.
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