Publications

Housing Insights

Starting to Launch: Millennials Are Leaving Mom and Dad's Basement

April 27, 2017

This edition of Housing Insights analyzes the change in the proportion of young adults residing with parents as the same group of young people grows older and passes from one age group to the next.
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Many Starter Homes Have Shifted from Owner-Occupancy to Rentals

October 18, 2016

The shift in the nation's single-family housing stock from owner-occupancy to rentals during the housing bust and recovery is examined.
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Millennials Have Begun to Play Homeownership Catch-Up

August 10, 2016

Fannie Mae's Economic & Strategic Research Group examines the young-adult homeownership rate change for both age groups and birth cohorts.
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Don't Be Distracted by the Recent Swings in Household Formation Estimates

June 16, 2016

This edition explores the factors underlying the recent volatility in Housing Vacany Survey (HVS) household growth estimates.
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American Housing Survey Data Shows Changes in Multifamily Supply Unfavorable to Lower-Income Renters

February 11, 2016

Estimates of changes to the stock of multifamily housing in the U.S. are presented.
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Mortgage Lending and Non-Borrower Household Income

February 1, 2016

The population of doubled-up households in the U.S. is significant and growing.
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Could the Long Decline in Young-Adult Homeownership Be Nearing an End?

December 16, 2015

This edition prepares several projection scenarios for young-adult homeownership during the remainder of the decade.
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Struggling Creditworthy Repeat Home Buyers: Mid-Tier FICO Analysis

December 3, 2015

Analysis focuses on the impact of Fannie Mae eligibility changes and finds that the decline in mid-tier lending persists after controlling for eligibility.
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House Price Declines May Be In Store for Some Oil-Producing States: A Repeat of the 1980s?

August 28, 2015

In this edition, projections of cumulative five-year house price growth "drags" caused by prior year’s oil price decline.
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Baby Boomers Are Not Leaving Their Single-Family Homes for Apartments

August 20, 2015

The perception that Baby Boomers are downsizing from their single-family homes is challenged.
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Rent or Own, Young Adults Still Prefer Single-Family Homes

July 1, 2015

Millennials, like their predecessors, have a strong preference for single-family homes.
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The Return of Private Capital

October 4, 2014

In the wake of the housing crisis, there has been much focus on private capital and its role in the mortgage market.
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Young-Adult Housing Demand Continues to Slide, But Young Homeowners Experience Vastly Improved Affordability

September 30, 2014

Newly released data from the Census Bureau’s American Community Survey (ACS) shows that two key metrics of housing demand continued to decline for young adults.
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Homeownership Rate Gap Between Immigrants and the Native-Born Population Narrowed Faster During the Last Decade

August 25, 2014

This edition explores how the homeownership rate gap has changed during the past 10 years.
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Upper-Income, Educated, Married with Children, and Still Not Buying: Declining Homeownership among “Prime” First-Time Home Buying Candidates

August 18, 2014

Social, demographic, and economic shifts have contributed to young adults’ declining homeownership
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Are Aging Baby Boomers Abandoning the Single-Family Nest?

June 12, 2014

Popular perception holds that Baby Boomers have begun to alter their housing consumption as they exit their childrearing years and approach retirement.
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Second Homes: Recovery Post Financial Crisis

April 7, 2014

Historically, most mortgage origination volume comes from traditional purchase and refinance mortgages on primary residences.
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Geographically Constrained Job Growth Provides Another Indication of a Sluggish Labor Market Recovery

January 9, 2014

Steady, but tepid, job growth has been a hallmark of the current economic recovery.
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An Uneven Recovery in Household Wealth

December 9, 2013

This edition investigates how the current recovery in household wealth compares to previous cycles.
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Deconsolidation in the Primary Mortgage Market: A Temporary or Structural Trend?

December 5, 2013

For many years, concentration in the U.S. primary mortgage market grew at a largely uninterrupted pace.
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Homeownership Rate Continues to Drop, But Housing Affordability Improves Substantially

October 3, 2013

By most measures, 2012 was a year of recovery in the housing market.
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Is the Development and Design of Multifamily Rental Housing In Line with Recent Trends?

September 16, 2013

Renter household formation has outpaced owner household growth during the past few years spurring an increase in multifamily construction.
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Projected Slowdown in Labor Force Growth Suggests Weaker Future Housing Activity

August 15, 2013

An examination of the correlation between housing production and labor force growth and its affects on housing demand and homebuilding activity.
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Immigrant Homeowners Hit Hard During the Housing Collapse, but Experience Varies by Country of Birth

July 24, 2013

Immigrants are key to the rate of workforce growth and will have important effects on housing markets going forward.
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Manufactured Homes: A Shrinking Source of Low-Cost Housing

June 27, 2013

A revival of manufactured housing production faces many obstacles.
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When the Housing Market Returns to "Normal," How Much Will Residential Construction Employment Rebound?

May 6, 2013

How many jobs will be created by the homebuilding rebound?
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Rental Resurgence Marked by Single-Family Expansion and Diverging Affordability Trends for Owners and Renters

November 15, 2012

The housing bust and Great Recession have changed the supply and demand landscape of the housing market.
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Stuck in the Great Recession's Income Slump: Sluggish Job Earnings Impede an Economic Expansion

September 12, 2012

Recovery from the Great Recession has been very slow, hindered by sluggish consumer spending and income growth.
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Housing the Nation’s Burgeoning Older Elderly Population

June 15, 2012

Insights into the size, disability characteristics, and housing consumption of the nation's seniors.
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Housing Cost Burdens

May 7, 2012

Recent rental market changes also have included a rise in the proportion of renters with housing affordability problems.
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Single-Family Rental Housing – The Fastest Growing Component of the Rental Market

March 16, 2012

We begin to uncover details of a market that has been the subject of little research, yet has had a significant impact on the economy and housing market.
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Inaugural Fannie Mae Data Note Examines Falling Homeownership Rates

October 10, 2011

The overall homeownership rate declined by about a percentage point between 2000 and 2010.
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