Scotsman Guide > News > March 2017 > News Story

 Enter your e-mail address and password below.


Forgot your password? New User? Register Now.

News Archives

Subscribe icon Subscribe to our weekly e-newsletter, Top News.

Confidence in housing market runs high

Consumer confidence in the U.S. housing market continues to run high, Fannie Mae reported.

Fannie’s home purchase sentiment  index (HPSI) rose to a new all-time high in February, increasing by 5.6 percentage points to 88.3. Five of the eight components increased in the month, and three hit all-time highs.

Fannie surveys 1,000 homeowners and renters each month over the phone to gauge their attitudes about the economy and the housing market. 

The share of Americans who reported it was a good time to buy a home rose 11 percentage points, while the share that said it would a good time to sell jumped by seven points. More Americans also expressed confidence that they would not lose their jobs.

“The latest post-election surge in optimism puts the HPSI at its highest level since its starting point in 2011,” said Doug Duncan, senior vice president and chief economist for Fannie Mae. “Millennials showed especially strong increases in job confidence and income gains, a necessary precursor for increased housing demand from first-time homebuyers,” Duncan added.

Duncan said Fannie’s preliminary research suggests that millennials are starting to move out of their parents’ houses at greater rates, but this group and other first-time homebuyers are facing a tight supply of homes for sale and higher home prices. 


Questions? Contact at (425) 984-6017 or

Bubble 0 Comments

By submitting this comment, you agree to comply with our Terms of Use.

The text exceeds the maximum number of characters allowed.

Are you sure you want to permanently delete this blog comment? This action cannot be reversed.

You must enable your community profile to use this feature.

Cancel Enable profile

You have flagged this post for inappropriate content.

Please explain below. Thank you.

Cancel Submit

Get the latest news and articles from Scotsman Guide straight to your inbox.

Send me the following e-mails:

Learn more about Scotsman Guide e-mails

Thank you for signing up to receive e-mails from Scotsman Guide.

A confirmation e-mail has been sent to the address you provided.

For questions regarding your e-mail subscriptions please contact or call (800) 297-6061.

Fins A Lender Post a Loan
Residential Find a Lender Commercial Find a Lender
Follow Us:Visit Scotsman Guide Facebook pageVisit Scotsman Guide LinkedIn pageVisit Scotsman Guide g+ pageVisit Scotsman Guide Twitter page


© 2017 Scotsman Guide Media. All Rights Reserved.  Terms of Use  |  Privacy Policy