Earlier this month, Fannie Mae’s Economic
& Strategic Research Group announced the launch of their Home
Purchase Sentiment Index (HPSI). The index will distill results from Fannie
Mae’s consumer-focused National Housing Survey into a
single, monthly, predictive indicator. According to Doug Duncan, Senior Vice
President and Chief Economist at Fannie 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.
No comments:
Post a Comment