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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

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