What Fannie Forecasts for Housing in 2019

first_imgHome / Daily Dose / What Fannie Forecasts for Housing in 2019 Subscribe Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: David Wharton May 17, 2018 16,898 Views David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Tagged with: Economic and Housing Outlook Fannie Mae Home Prices Home Sales Housing Starts Share Save Previous: Mortgage Diversity Group Elects New Advisory Council for 2018 Next: The Evolution of Housing Wealth Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Journal, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articlescenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago What Fannie Forecasts for Housing in 2019 Economic and Housing Outlook Fannie Mae Home Prices Home Sales Housing Starts 2018-05-17 David Wharton The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Fannie Mae Economic and Strategic Research Group’s May 2018 Economic and Housing Outlook predicts continued economic growth throughout the rest of 2018. As we enter 2019, however, the GSE forecasts a potential change in that momentum.According to Fannie’s May 2018 Economic and Housing Outlook, the GSE forecasts 2018’s full-year growth to hold steady at 2.7 percent. Fannie’s Outlook also predicts the Fed will institute two more interest rate hikes before year’s end.“We remain confident that, despite a first-quarter hiccup, economic growth will pick up through the rest of 2018,” said Fannie Mae Chief Economist Doug Duncan. “There are signs that consumer spending is poised to strengthen in the months ahead, and we believe recent fiscal policy actions are likely to contribute to growth this year.” But for 2019, the Outlook predicts a deceleration to 2.3 percent growth.“Come 2019 … we expect the fiscal boost to fade, and we adjusted our forecast lower accordingly,” Duncan said. “We also note mounting downside risks to our projections, including growth-constraining protectionist trade policies and rising oil prices, among others. Meanwhile, housing’s upward grind should continue, despite a lackluster first quarter. We expect home sales to post modest gains both this year and next, as prices rise and affordability declines amid low for-sale inventory.”Fannie forecasts 1.3 million housing starts by year’s end, compared to 1.2 million in 2017. Single-family housing starts are expected to experience 7.9 percent year-over-year (YOY) growth in 2018, as compared to 8.6 percent in 2017 and a predicted 5.4 percent in 2019.Fannie anticipates new single-family home sales to grow 11.8 percent in 2018. In 2017, that number was 9.3 percent, but the forecast 2019 number drops all the way to 3.8 percent year-over-year. Existing-home sales are expected to remain mostly steady, with a predicted 1.5 percent YOY change in 2018 and 2019 forecast to come in at 1.2 percent.Total home sales are anticipated to come in at 2.5 percent YOY for 2018, with 2019’s forecast slipping to 1.5 percent, slightly below 2017’s 1.9 percent growth.To read all of Fannie Mae’s Economic and Housing Outlook data for May 2018, click here. Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

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Data Geek: How to get more out of your organization’s referral program data

first_imgHere’s how it works:A person who was referred through your referral program comes to your website or brick and mortar store and proceeds to make their first purchase.  They happen to meet all of the conditions of the referral program, and just like that, loop closed, everyone gets rewarded.End of story, right? Not so much.Here at RewardStream, as an analyst, I can only see the transactional piece of the relationship. I see the referral going out and the referred person coming back, and depending on the program, I sometimes get to see the price or value of the purchase. The data analytics team here at RewardStream can do some pretty butt-kicking analysis with just that information alone.Now, that’s all well and good, and if your program is generating new business why bother digging further?You see, by making a referral, a customer is self-selecting. They’re putting their hand up, jumping up and down, and saying, ‘Hey! Look at me. I want to help you generate more customers! ’. They just answered THE question: ‘Would you refer our product or service to your friends and family?’ Not every one of your customers becomes a referring customer and by virtue of that fact, your referrers are extremely SPECIAL. In a good way. When things are special, data geeks like me want to know why. More to the point though, we want to know how to use this information to our advantage. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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Clinical Rooney pulls no punches

first_imgWayne Rooney and Manchester United delivered a bruising knockout performance as Tottenham were blown away at Old Trafford. Press Association This was by far the best performance of Van Gaal’s reign. Finally, eight months after taking the helm, the Dutchman was able to deliver the kind of performance United’s often pessimistic supporters craved – one of pace, flair, width and destruction. It was like old times at Old Trafford. Juan Mata, starting his first league game since January 17, carved open a poorly organised Spurs defence with ease and Ashley Young gave the watching England manager Roy Hodgson food for thought with another impressive display on the left wing. But Hodgson will be most pleased with Rooney’s display. The emergence, on Sunday morning, of a video appearing to show the striker being knocked out by Stoke defender Bardsley in a February sparring session may have caused consternation in some quarters. But the 29-year-old put the incident behind him, scoring his 14th goal of the season before celebrating with a cheeky flurry of punches in the corner. United’s form had recently represented that of a washed-up forty-something slugger. Rooney put aside the controversy created by his kitchen sparring session with Phil Bardsley to put in a superb performance in the 3-0 victory. The England captain, a buzzing nuisance to Spurs all afternoon, scored United’s third goal after Marouane Fellaini and Michael Carrick had done the early damage for Louis van Gaal’s men, who moved within one point of third-placed Arsenal after this huge morale-boosting victory. But now, thanks to this victory, they look every inch up for the scrap for Champions League qualification. At the beginning there was no sign of the fine performance that was to come from the hosts. With so much riding on the match, United were nervous and Phil Jones did not help matters when he over-hit a back-pass which David de Gea only just managed to knock around the post. For the rest of the half, the United goalkeeper had nothing to do. United just pummelled their opponents into submission with wave after wave of attacking football. Kyle Walker was turned inside out for the first of many times by Young as he burst down the left. The winger played Rooney in, but his pull-back was cleared. Nine minutes in, United had the lead. Daley Blind, playing at left-back, knocked the ball forward to Carrick, who punched a cutting ball through to the sprinting Fellaini. The big Belgian lifted his head and picked out the far corner with a left-footed drive. After another 10 minutes’ worth of pressure, the hosts doubled their lead. Once again Fellaini was instrumental. The midfielder’s header from a corner was cleared by Nacer Chadli but only as far as Carrick, who nodded into the far corner. The home crowd roared with glee and demanded more. “Attack, attack, attack” they yelled and Van Gaal’s team did not disappoint. Walker was drawn out of position again, allowing Fellaini to pull the ball back to the far post, but Danny Rose dived in just as Mata was about to pull the trigger. Mata was having a superb game. His touch was exemplary, his vision exceptional and he was also relishing the battle with Spurs’ combative left-back. Downcast Tottenham boss Mauricio Pochettino tried to shore up his midfield by replacing Andros Townsend with Mousa Dembele on the half hour. The move had little effect, though. United were in the mood to give Spurs a pasting and the visitors looked keen to help them at every possible opportunity. United’s third came courtesy of a gift-wrapped horror pass from Nabil Bentaleb. The midfielder squared to Rooney and he would not be stopped. The skipper burst past Bentaleb, and bundled his way past Eric Dier before slotting the ball into the far corner. Rooney threw two left-right combinations in his celebration and dropped to the turf in a pose suggesting he had been hit by a prize heavyweight, before being mobbed by his team-mates. Bentaleb went some way towards atoning for his error when he blocked Blind’s goal-bound shot after the break. Spurs, to their credit, did not crumble after the restart, but they offered little up front. Ryan Mason cut inside and dragged a shot wide of the post, but otherwise United’s defence had little to do for the rest of the afternoon. Rooney, full of confidence, pinged an audacious 40-yard pass to Fellaini with the outside of his boot, but the Belgian could not finish. Fellaini came off to a standing ovation towards the death and Radamel Falcao was given a chance to impress. Andreas Pereira also came on for his Premier League debut. Christian Eriksen flicked a clever ball into the box, but Rooney sprinted back to clear. Harry Kane registered Tottenham’s only shot on target in the final minute, but De Gea saved. Nothing, it seemed, would spoil United’s party, which was followed by a standing ovation from the home fans at the final whistle. last_img read more

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