Saturday , 23 January 2021

Strengthening Economy Expected to “Drag” Housing Along

By Jann Swanson

Posted To: MND NewsWire

Fannie Mae’s economists expect the economy to strengthen in 2015 and that will “drag” housing into a better cycle this year. The company’s forecast for the year includes a moderate acceleration of economic growth, “driven by strengthening private domestic demand, especially consumer spending, amid continued low gasoline prices, firming labor market conditions, rising household net worth through both financial and housing wealth, improving consumer and business confidence, and reduced fiscal headwinds.” They project growth will accelerate from their estimate of 2.6 percent in 2014 to 3.1 percent in 2015. This stronger climate “should lead to improving income prospects, underpinning a higher rate of household formation in 2015.” Fannie Mae’s Economic Strategic Research Team, led by Doug Duncan…(read more)

Forward this article via email: Send a copy of this story to someone you know that may want to read it.

Via:: Strengthening Economy Expected to “Drag” Housing Along

      

Comments

About Mortgage News Daily

Mortgage News Daily

Check Also

The Richest Appraiser in Babylon

If you’ve not read “The Richest Man In Babylon” by George S. Clason, stop reading …