Why Homebuyer Sentiment is Declining, Despite Stronger Economy

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Posted To: MND NewsWire

Fannie Mae’s Home Purchase Sentiment Index (HPSI), a measure derived from the company’s monthly National Housing Survey (NHS), was essentially unchanged in February , dipping 0.4 point from the January reading to 84.2. The Index is down 1.5 percentage points compared to February 2018. Fannie Mae said the largest change among the six index components was a 9-percentage point drop in the net share of Americans reporting substantially higher household income compared to the same time last year. It was an 8-point increase in the net response to this same question that drove January’s 1.2 percent rise in the HPSI. The 18 percent net positive response to the question is 1 point higher than in February 2018. On the other side of the ledger was an 8-point jump in the job confidence component. Only…(read more)

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