Tonight’s report will look at that topic, based on the most recent research.
“The Fannie Mae Home Purchase Sentiment Index® (HPSI) increased 4.5 points in May to 67.5, building slightly after nearing its all-time survey low in April.” So said Fannie Mae in a release to MHProNews today.
The data from Fannie Mae is mixed but not surprising. It examines both seller and buyer vantagepoints.
On a day when most, but not all manufactured housing connected tracked stocks rose, the Fannie Mae research data will be our focus report this evening.
As is customary – the evening manufactured housing connected equities snapshot follows the featured focus, the related reports, and other market data at today’s closing bell.
Additionally, readers old and new alike will see our left-right media headline bullets and thought-provoking quotable quotes that follow tonight. As a bonus, check out this video, as the Federal Reserve is planning to modify its COVID19 related lending program to make loans as small as $250,000 available soon.
Quotes That Shed Light – American Social, Industry, National Issues…
Headlines from left-of-center CNN Business
- Negative rates
- A view of the United States Federal Reserve Building in Washington D.C., United States on April 5, 2020.
- Rates are at zero, but one Fed economist is pushing for another rate cut in the United States
- It’s official: The recession began in February
- The global recovery is underway. So is it time for more stimulus?
- Opinion: Dairy farmers are dumping millions of gallons of milk. This could make it stop
- CrossFit CEO Greg Glassman apologizes for controversial ‘Floyd-19’ tweet
- Why brands like Oreo are cutting back on wacky flavors right now
- Dunkin’ is hiring 25,000 workers as restaurants reopen
- New infections are still the biggest threat to the US economy
- China’s economy is still struggling to recover from the pandemic
- Summer travel is back. Just look at Airbnb bookings
- Britain’s biggest companies are cutting tens of thousands of jobs. Millions more are at risk
- Yes, the job market is a mess, but you can still switch careers
- Here’s what you should be doing with your retirement accounts right now
- Richard Parsons Richard Parsons, Chairman of Citigroup, speaks at Time Warner’s headquarters in New York, 2009.
- How Dick Parsons overcame racism to become one of America’s first black CEOs
- MARANA, ARIZONA – MAY 16: Decommissioned and suspended jetBlue commercial aircrafts are seen stored in Pinal Airpark on May 16, 2020 in Marana, Arizona. Pinal Airpark is the largest commercial aircraft storage facility in the world, currently holding increased numbers of aircraft in response to the coronavirus COVID-19 pandemic.
- Airline stocks soar as Americans get ready to travel again
- These seven jobs are making the biggest return to the labor pool
- CAR SHOPPING
- Vehicles are displayed for sale at a General Motors Co. Buick and GMC car dealership in Woodbridge, New Jersey, U.S, on Wednesday, May 20, 2020. Governor Phil Murphy has lifted restrictions on in-person auto sales, provided the businesses follow social distancing guidelines, NBC reported.
- Dealerships are opening up again. But good luck finding the car you want
- Want to buy a used car? Try a rental car company
- The rental car industry has ground to a near halt
- Does the world still want multimillion-dollar cars?
- Automakers have another Covid-19 problem: Suppliers
- WHO’S HIRING
- GREENWICH, CONNECTICUT – MAY 20: A bartender serves drinks at Lescale restaurant on May 20, 2020 in Greenwich, Connecticut. After two months of closures due to the Coronavirus pandemic, Connecticut partially reopened businesses on May 20, one of the last states to do so. Restaurants can now serve patrons at outdoor seating at socially distanced tables.
- Seven jobs are making the biggest return to the labor pool
- These companies are hiring rapidly right now
- Job market starts to bounce back
- 5 tips for acing a virtual job interview
- How to find a job in a pandemic
Headlines from right-of-center Fox Business
- What will happen to stock market if Biden wins race, according to analysts
- The S&P 500 has rallied 43 percent off its March 23 bottom, despite the economy being mired in its sharpest downturn of the postwar era.
- Biden rejects growing ‘defund the police’ push from George Floyd protesters
- SMALL BUSINESS
- Nasdaq hits record as New York City partially reopens from coronavirus lockdown
- Small businesses that received virus relief will soon enjoy these new guidelines
- Here’s when the US’s coronavirus recession officially started
- Black business owners decimated by coronavirus pandemic, study finds
- RICH & FAMOUS
- Reese Witherspoon accused of running bogus giveaway to fuel marketing machine
- Yes, drug manufacturing needs to return home, but don’t go overboard
- FED’S LIFESAVER
- THE FED
- Fed expands Main Street lending program to allow smaller, bigger loans
- EMPTY YOUR CART
- BUSINESS LEADERS
- Jeff Bezos ‘happy to lose’ customers over his Black Lives Matter message
- ROUND 2?
- Second coronavirus outbreak poses biggest risk to US economy, experts say
- BOBBY VAN-DALIZED
- WATCH: Famous steakhouse hit by looting; employees ‘back to square one’
- GET THE FACTS
- This Social Security myth could end up costing you big: Here’s how to avoid
- PROFIT CENTER
- REAL ESTATE
- Coronavirus is helping Cleveland become a house-flipping hot spot
- LABOR GAINS
- Labor secretary: Unemployment rate today lower than May report shows
- A ‘ZOOM ROOM’?
- How coronavirus is changing home design trends
- FROM NEWS TO NUDE
- CNN’s Chris Cuomo caught naked in background of wife’s yoga video: report
- BEACHES ARE OPEN
- These popular vacation destinations are resuming tourism as restrictions ease
- WIN WIN SITUATION
- Biz can dodge layoffs, still let workers get unemployment with crafty move
- PLOT OF GOLD
- Treasure finally found 10+ years after millionaire buried it, launched hunt
- Retail in age of virus lockdowns can be dangerous, bloodied manager says
- Coronavirus-canceled summer camps to hurt small towns, businesses
- Will there be another coronavirus relief bill?
- NFL gives teams planner for total reopening of facilities
- Reebok drops CrossFit as partner after CEO’s protest comments spark backlash
- 3 ways COVID-19 could put your retirement at risk
- Prince Andrew offered help with Epstein investigation ‘at least’ 3 times: Report
- RICH & FAMOUS
- SEE IT: JLo, A-Rod join George Floyd Black Lives Matter march in Hollywood
- US deficit soars to $1.9T in 8 months
- Dunkin’ announces plans to hire 25,000 employees
- Oil prices top $40 as OPEC+ extends production cuts
- Cristobal brings flooding along Gulf Coast, Coast Guard searching for 2 missing boaters
- Elmer Fudd will not use a gun in new ‘Looney Tunes’ cartoons
- WATCH: Tesla Cybertruck could be world’s first ‘circular car’
- Protesters across US say they won’t stop rallying until this happens
- Minneapolis council majority backs disbanding police department
- US to see worst slump since 1940s before growth kicks in, economists say
- BP to cut 10,000 jobs worldwide amid coronavirus pandemic
- Top New York Times editor resigns after backlash over ‘Send in the Troops’ op-ed
- Chuck E. Cheese scrambling to meet with lenders in bid to avoid bankruptcy
9 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus – Where Business, Politics and Investing Can Meet
In a release today to MHProNews is the following from Fannie Mae’s research.
Home Purchase Sentiment Index Rises Slightly, Remains Near Survey Low
Only 32 Percent of Americans Believe It’s a Good Time to Sell a Home, While 52 Percent Believe It’s a Good Time to Buy a Home
The Fannie Mae Home Purchase Sentiment Index® (HPSI) increased 4.5 points in May to 67.5, building slightly after nearing its all-time survey low in April. Four of the six HPSI components increased month over month, with consumers reporting a somewhat more optimistic view of homebuying conditions and, to a lesser extent, home-selling conditions. Moreover, fewer consumers reported expectations that mortgage rates will go up over the next 12 months. Year over year, the HPSI is down 24.5 points.
“Although the HPSI’s precipitous declines of March and April did not continue in May, Americans’ financial, economic, and housing market concerns remain substantially elevated compared to survey history,” said Doug Duncan, Senior Vice President and Chief Economist. “Low mortgage rates have helped cushion some of the impact of the pandemic on consumer sentiment regarding whether it’s a good time to buy a home, which picked back up this month to late-2018 levels. Although weakened income perceptions and continuing job loss concerns, particularly among renters, are likely weighing on many would-be buyers, purchase mortgage applications have returned to mid-March levels when pandemic response measures began ramping up. Home-selling sentiment remains severely dampened due primarily to economic concerns, though increased purchase activity may improve the confidence of some potential sellers. As lockdown restrictions begin to ease across the country, we expect economic recovery to be largely shaped by consumers’ decisions regarding when and how to reengage in the economy. We believe this month’s HPSI results and Friday’s unexpectedly favorable labor market report to be encouraging signs for the months ahead.”
Home Purchase Sentiment Index – Component Highlights
Fannie Mae’s Home Purchase Sentiment Index (HPSI) increased in May by 4.5 points to 67.5. The HPSI is down 24.5 points compared to the same time last year. Read the full research report for additional information.
- Good/Bad Time to Buy: The percentage of Americans who say it is a good time to buy a home increased from 48% to 52%, while the percentage who say it is a bad time to buy decreased from 46% to 39%. As a result, the net share of Americans who say it is a good time to buy increased 11 percentage points.
- Good/Bad Time to Sell: The percentage of Americans who say it is a good time to sell a home increased from 29% to 32%, while the percentage who say it’s a bad time to sell decreased from 65% to 62%. As a result, the net share of those who say it is a good time to sell increased 6 percentage points.
- Home Price Expectations: The percentage of Americans who say home prices will go up in the next 12 months increased this month from 23% to 26%, while the percentage who said home prices will go down increased from 34% to 35%. The share who think home prices will stay the same decreased from 36% to 30%. As a result, the net share of Americans who say home prices will go up increased 2 percentage points.
- Mortgage Rate Expectations: The percentage of Americans who say mortgage rates will go down in the next 12 months increased this month from 23% to 25%, while the percentage who expect mortgage rates to go up decreased from 33% to 25%. The share who think mortgage rates will stay the same increased from 35% to 43%. As a result, the net share of Americans who say mortgage rates will go down over the next 12 months increased 10 percentage points.
- Job Concerns: The percentage of Americans who say they are not concerned about losing their job in the next 12 months decreased from 76% to 75%, while the percentage who say they are concerned increased from 23% to 24%. As a result, the net share of Americans who say they are not concerned about losing their job decreased 2 percentage points.
- Household Income: The percentage of Americans who say their household income is significantly higher than it was 12 months ago decreased from 20% to 18%, while the percentage who say their household income is significantly lower decreased from 21% to 19%. The percentage who say their household income is about the same increased from 58% to 61%. As a result, the net share of those who say their household income is significantly higher than it was 12 months ago remained unchanged.
The information mirrors in some respects data from AEI.
See reports featuring AEI Housing Center data that are linked above and below.
Related and Recent Reports:
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That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHLivingNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position, and may or may not reflect the views of sponsors or supporters.
http://latonykovach.com Connect on LinkedIn: http://www.linkedin.com/in/latonykovach
AEI Flash Housing Market Indicator