Survey Shows Strong Up-Swing in Home Purchase Attitude

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Posted To: MND NewsWire

If you think the stock market has been volatile, you might consider a dose of Dramamine before checking out Fannie Mae’s Home Purchase Sentiment Index (HPSI). The results of the March National Housing Survey (NHS) as reflected in the HPSI rose 2.5 points to 88.3, wiping out much of the 3.7-point decline posted in February. Those February results had, to the penny, reversed the increase in the index from December to January. Despite the recent spate of ups and downs, the HPSI is 3.8 points higher than the March level in 2017. The HPSI’s internal numbers were even crazier. Three of the six components that go into the HPSI number increased while the two that were unchanged were those dealing with personal finances rather than the housing market. The increase in the index was driven by a sharp…(read more)

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