Fannie Mae
According to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research (ESR) GroupReal, economic growth in the U.S. appears ready to exceed 3.0 percent for the second half of the year, providing a sound basis for growth in 2015. The Group’s macroeconomic theme for 2014, Private Forces Move to the Fore, materialized in the second quarter as reduced fiscal uncertainty and slowing monetary intervention helped private sector momentum to build. The global economic slowdown has had little negative impact on the fundamentals of the U.S. economy so far, despite a variety of factors that are slowing growth on a global scale, which may discourage the Federal Reserve Board from making any changes in interest rate policy until Q3 2015.
“Given the expected strengthening economic activity in the U.S. in the second half of the year, we continue to expect to finish just above two percent growth for all of 2014,” said Fannie Mae Chief Economist Doug Duncan. “The risks are tilted to the downside due to current geopolitical events in Russia, Ukraine, Hong Kong and the Middle East, as well as the economic slowdown in the Eurozone, China and Japan. However, recent data suggest these factors have not significantly swayed American consumers. Real consumer spending is poised to pick up in the second half of 2014 from the first half, due in large part to improving labor market conditions, continued declines in gasoline prices, and a subdued pace of inflation.”
Housing to Continue Upward Grind
Duncan said that, from a housing perspective, they anticipate that overall home sales will be weaker in 2014 than in 2013. And for 2015, while they expect only a moderate pickup in total home sales, the pick up will be enough to post the best performance since 2007. The company lowered their expectation for housing starts just slightly to 1 million units for 2014, but their view of mortgage originations has not changed.
“Our estimate for 2013 was in line with the recent release of 2013 data under the Home Mortgage Disclosure Act, and our projection of total production in 2014 is little changed at approximately $1.1 trillion,” said Duncan. “For 2015, we are cautiously optimistic that ongoing labor market improvements, low mortgage rates, rising inventories and some easing of lending standards will boost home sales by roughly 5.0 percent. However, we still believe housing will continue along its upward grind rather than have the breakout year some are expecting.”
For an audio synopsis of the October 2014 Economic Outlook, listen to the podcast on the Economic & Strategic Research site at www.fanniemae.com. Visit the site to read the full October 2014 Economic Outlook, including the Economic Developments Commentary, Economic Forecast, Housing Forecast and Multifamily Market Commentary.
I just want to say I am new to weblog and honestly enjoyed this website. More than likely I’m want to bookmark your website . You amazingly have terrific articles. Regards for revealing your website.
Very efficiently written post. It will be useful to anyone who utilizes it, as well as yours truly :). Keep doing what you are doing – looking forward to more posts.
Thanks for some other great post. Where else may just anyone get that type of info in such an ideal means of writing? I have a presentation next week, and I am on the search for such info.|
Fantastic goods from you, man. I have understand your stuff previous to and you’re just too wonderful. I actually like what you have acquired here, certainly like what you are stating and the way in which you say it. You make it enjoyable and you still care for to keep it smart. I cant wait to read far more from you. This is actually a terrific web site.
Definitely believe that which you said. Your favorite justification appeared to be on the net the simplest thing to be aware of. I say to you, I certainly get irked while people think about worries that they plainly don’t know about. You managed to hit the nail upon the top and also defined out the whole thing without having side effect , people could take a signal. Will likely be back to get more. Thanks
Hello there. I found your website by means of Google at the same time as looking for a related topic, your website got here up. It seems good. I’ve bookmarked it in my google bookmarks to come back then.
Great weblog here! Also your website loads up very fast! What host are you using? Can I get your affiliate link for your host? I wish my website loaded up as fast as yours lol
I have been browsing online more than three hours today, yet I never found any interesting article like yours. It’s pretty worth enough for me. Personally, if all webmasters and bloggers made good content as you did, the internet will be much more useful than ever before.
Awesome write-up. I am a normal visitor of your web site and appreciate you taking the time to maintain the excellent site. I will be a frequent visitor for a long time.
Awesome post. I’m a regular visitor of your web site and appreciate you taking the time to maintain the excellent site. I’ll be a regular visitor for a long time.
Awesome write-up. I am a normal visitor of your web site and appreciate you taking the time to maintain the nice site. I’ll be a frequent visitor for a long time.
I’m extremely impressed with your writing skills and also with the layout on your weblog. Is this a paid theme or did you customize it yourself? Anyway keep up the nice quality writing, it’s rare to see a great blog like this one nowadays..
Wonderful paintings! This is the type of information that are meant to be shared across the web. Disgrace on Google for no longer positioning this post higher! Come on over and visit my web site . Thank you =)
Have you ever considered about adding a little bit more than just your articles? I mean, what you say is important and everything. However think of if you added some great visuals or videos to give your posts more, “pop”! Your content is excellent but with pics and clips, this website could undeniably be one of the best in its field. Awesome blog!
I¡¦ve been exploring for a little for any high quality articles or blog posts in this kind of house . Exploring in Yahoo I ultimately stumbled upon this website. Reading this info So i¡¦m happy to show that I’ve a very excellent uncanny feeling I found out exactly what I needed. I most no doubt will make sure to do not forget this web site and give it a glance on a constant basis.
Hey, you used to write fantastic, but the last several posts have been kinda boring¡K I miss your tremendous writings. Past several posts are just a little out of track! come on!
Definitely believe that which you stated. Your favorite justification appeared to be on the internet the simplest thing to be aware of. I say to you, I definitely get irked while people consider worries that they just do not know about. You managed to hit the nail upon the top and also defined out the whole thing without having side-effects , people can take a signal. Will probably be back to get more. Thanks
Hello, you used to write excellent, but the last several posts have been kinda boring¡K I miss your super writings. Past few posts are just a little out of track! come on!
I needed to post you the tiny note to be able to say thank you again considering the amazing thoughts you’ve documented on this website. It is quite surprisingly generous of you to provide openly all many of us would’ve sold as an e-book to generate some money on their own, most notably since you could have done it in the event you wanted. These suggestions also acted as a good way to be sure that someone else have the identical fervor the same as my own to find out way more in regard to this matter. Certainly there are some more pleasant sessions in the future for folks who looked at your site.
We’re a group of volunteers and opening a new scheme in our community. Your website provided us with valuable info to work on. You have done an impressive job and our whole community will be grateful to you.
Wow, superb blog layout! How long have you been blogging for? you made blogging look easy. The overall look of your site is wonderful, let alone the content!
Thanks for any other excellent article. Where else may just anyone get that kind of information in such an ideal manner of writing? I have a presentation subsequent week, and I am at the search for such information.
I cling on to listening to the news bulletin lecture about getting boundless online grant applications so I have been looking around for the top site to get one. Could you tell me please, where could i acquire some?
Great post. I was checking constantly this blog and I am impressed! Very useful information specifically the last part 🙂 I care for such information much. I was looking for this particular information for a very long time. Thank you and best of luck.
I have been exploring for a little bit for any high quality articles or weblog posts on this kind of space . Exploring in Yahoo I at last stumbled upon this website. Studying this info So i am glad to exhibit that I have a very good uncanny feeling I came upon just what I needed. I such a lot surely will make sure to do not put out of your mind this site and give it a glance on a continuing basis.
Hey There. I found your blog using msn. This is a very well written article. I’ll make sure to bookmark it and return to read more of your useful information. Thanks for the post. I will definitely comeback.
You are a very bright person!
Excellent goods from you, man. I have understand your stuff previous to and you’re just extremely excellent. I really like what you’ve acquired here, really like what you are stating and the way in which you say it. You make it entertaining and you still take care of to keep it wise. I cant wait to read far more from you. This is really a wonderful website.
What i don’t realize is in reality how you are no longer really much more neatly-liked than you may be right now. You’re so intelligent. You know therefore significantly in the case of this subject, produced me personally consider it from a lot of numerous angles. Its like men and women don’t seem to be fascinated except it is something to accomplish with Girl gaga! Your personal stuffs nice. At all times care for it up!
Hiya, I am really glad I’ve found this information. Nowadays bloggers publish just about gossip and net stuff and this is actually annoying. A good blog with exciting content, that’s what I need. Thanks for making this web-site, and I’ll be visiting again. Do you do newsletters by email?
Hiya, I am really glad I have found this info. Nowadays bloggers publish just about gossip and web stuff and this is actually irritating. A good website with exciting content, this is what I need. Thank you for making this web-site, and I will be visiting again. Do you do newsletters by email?
Excellent post. I was checking constantly this blog and I’m impressed! Extremely useful information particularly the last part 🙂 I care for such info a lot. I was seeking this certain info for a very long time. Thank you and good luck.
that’s good, thanks for sharing,.. I think this is great blog
that’s good, thanks for sharing,.. I think this is great blog
that’s good, thanks for sharing,.. I think this is great blog
hello!,I like your writing so so much! proportion we communicate extra approximately your article on AOL? I need an expert in this area to resolve my problem. Maybe that is you! Having a look forward to look you.
that’s good, thanks for sharing,.. I think this is great blog
Its like you read my mind! You appear to know a lot about this, like you wrote the book in it or something. I think that you can do with some pics to drive the message home a little bit, but instead of that, this is fantastic blog. An excellent read. I will certainly be back.
I am just commenting to let you understand what a remarkable encounter my princess found studying the blog. She came to understand a lot of details, including what it’s like to possess a wonderful helping style to let the rest really easily comprehend chosen extremely tough subject areas. You really exceeded my expected results. I appreciate you for coming up with those useful, dependable, edifying and fun tips on the topic to Lizeth.
that’s good, thanks for sharing,.. I think this is great blog
This is very interesting, You’re a very skilled blogger. I have joined your feed and look forward to seeking more of your excellent post. Also, I have shared your website in my social networks!
that’s good, thanks for sharing,.. I think this is great blog
I enjoy, cause I found just what I used to be taking a look for. You have ended my four day lengthy hunt! God Bless you man. Have a nice day. Bye
I want to express my appreciation to this writer for bailing me out of this condition. After scouting throughout the world wide web and coming across notions which were not productive, I believed my entire life was done. Living minus the answers to the difficulties you have resolved by means of your write-up is a serious case, as well as the ones which could have in a wrong way affected my career if I hadn’t encountered your web page. Your talents and kindness in controlling almost everything was important. I’m not sure what I would have done if I hadn’t encountered such a thing like this. It’s possible to at this time look ahead to my future. Thank you so much for the reliable and amazing help. I won’t hesitate to refer the website to any person who desires guidelines on this subject.
There is obviously a bunch to know about this. I suppose you made certain good points in features also.
Great post. I was checking constantly this blog and I’m impressed! Very helpful info specifically the last part 🙂 I care for such info a lot. I was looking for this particular info for a long time. Thank you and good luck.
Hello, Neat post. There’s an issue together with your site in web explorer, could check this¡K IE nonetheless is the market leader and a huge component to people will omit your excellent writing due to this problem.
that’s good, thanks for sharing,.. I think this is great blog
that’s good, thanks for sharing,.. I think this is great blog