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Consumer Sentiment on Housing Dips Slightly Despite Growing Labor Market Optimism

Consumer Sentiment on Housing Dips Slightly Despite Growing Labor Market Optimism Eighty-Two Percent of Consumers Report Not Being Concerned About Losing Their Job in Next 12 Months News provided by Share this article ® (HPSI) decreased in February by 1.2 points to 76.5. Four of the HPSI s six components fell month over month, including most notably the homebuying conditions and household income components. Offsetting much of that decline, however, was increased optimism regarding job security, with consumers reporting a significantly more positive view of the labor market compared to January. Year over year, the HPSI is down 16.0 points. As we expected, the HPSI remained relatively flat in February, but underlying data indicate growing job-related optimism among consumers, especially among lower-income and renter groups, said Doug Duncan, Fannie Mae Senior Vice President and Chief Economist. With the growing likelihood that lockdown restrictions will continue easing as vacc

U S Economy Expected to Expand at 6 7 Percent Clip in 2021

Housing Sentiment Edges Upward as Reported Conditions Favor Sellers

Economy Poised for Considerably Stronger 2021 as COVID-19 Vaccine Distribution Efforts Commence

Share this article Share this article WASHINGTON, Dec. 15, 2020 /PRNewswire/  Economic growth expectations for 2020 and 2021 were upgraded for the second consecutive month due to positive developments associated with the COVID-19 vaccine, the likelihood of new fiscal stimulus, and upbeat consumer spending data, according to the latest commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. On a full-year basis, real GDP in 2020 is now expected to contract only 2.2 percent up from the November forecast s expectation of negative 2.5 percent – before resuming a positive trajectory in 2021 with growth of 4.5 percent, a 1.2 percentage point improvement from the previous forecast. The ESR Group did note a heightened level of near-term uncertainty and potential weakness stemming from new lockdown and social distancing measures amid rapidly rising COVID-19 case counts, hospitalizations, and fatality rates. However, the expectation of ongoing accommo

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