Americans' Attitudes on Housing Return to Positive Trend; Indicators Suggest Continued Modest Recovery in 2015
Following a recent dip in consumer housing optimism, most indicators have rebounded to the modestly positive trend seen throughout 2014, according to results from Fannie Mae’s September 2014 National Housing Survey. Turbulent geo-political factors likely weighed on Americans’ attitudes toward the housing market during the past couple of months. In September, the share of consumers who say now is a good time to buy a home is back up to 68 percent, a four-percentage-point increase from August. Additionally, the share saying they would prefer to buy a home on their next move ticked back up to 66 percent after a three-point drop. The results also show a notable jump in consumers’ views toward the economy, with 40 percent of those surveyed saying it is now on the right track – a five percentage point increase from last month.
"The September National Housing Survey shows a slight recovery in consumer housing sentiment after a two-month setback, bringing us back to the modestly positive trend we've seen over the last year," said Doug Duncan, senior vice president and chief economist at Fannie Mae. "It might be too late to save this year's home sales from posting the first decline in five years. However, the return to an upward trend in housing sentiment, combined with this month's positive news on the jobs front, suggests that a broad-based, albeit measured, housing recovery is on track to resume in 2015. The results of the past few months show that consumer optimism remains cautious and somewhat volatile, and we'll likely continue to see bumps on the housing recovery path reflected in our survey results."
Fannie Mae's monthly national consumer attitudinal survey report provides indicators offering a window into the opinions of Americans across the country. These behavioral insights convey what consumers think about the outlook for owning and renting a home and about their household finances, and may serve as key inputs for determining the future course of investment across housing types.
On this webpage you will find a news release with highlights from the survey results, the September Data Release highlighting 12 consumer attitudinal indicators, a podcast containing highlights from this month’s survey, month-over-month key indicator data, technical notes providing in-depth information about the survey methodology, the questionnaire used for the survey, and a comparative assessment of the Fannie Mae National Housing Survey and other consumer surveys.
Downloads and Related Links
September 2014 National Housing Survey Data Release (PDF)
Podcast – September National Housing Survey (.mp3)