Tax Cut Uncertainty Dampened Consumer Attitudes in December

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Posted To: MND NewsWire

Americans continued to have ambivalent views about the current virtues of both home buying and home selling in December. Consumers, responding to Fannie Mae’s monthly National Housing Survey (NHS), expressed declining confidence in whether it is a good time to buy, and no corresponding increase in whether it might be a good time to sell. All in all, respondents appeared cautioned in their attitudes toward both the economy and the housing market as 2017 neared an end. A decline in four of the six components of Fannie Mae’s Home Purchase Sentiment Index (HPSI) brought it down 2.0 points to 85.8, reversing most of the 2.6-point increase in November. The HPSI is up 5.1 points compared with its December 2016 counterpart. Fannie Mae attributed the decline, in part, to uncertainty about the tax cut…(read more)

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