Fannie Mae: Residential Investment, Home Sales Will Improve in 2019

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Posted To: MND NewsWire

For the second month in a row we find ourselves stating that Fannie Mae’s forecast , while still predicting a slowdown in economic growth this year, appears overall more upbeat than in the previous month . The April report is still predicting that growth will slow from 3.0 percent in 2018 (which is itself a revision from the 3.1 percent estimate that prevailed in March) to 2.2 percent this year. The boost provided last year by the Tax Cuts and Jobs Act is expected to fade, and business investment and consumer spending to slow. However, the company’s economists expect residential fixed investment to recover from last year’s decline. The timeline is for domestic growth to slow to 2.0 percent over the first half of 2019 from 2.8 percent over the second half of 2018 and then strengthen in the second…(read more)

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