Fannie Mae cuts 2014 housing outlook

In its August forecast, Fannie Mae expects 2014 construction starts to hit 642K, down about 8% from the July prognostication. The outlook for single-family home sales is cut 11% to 431K.

2015 bounce? Not so fast, says Fannie's chief economist Doug Duncan. While 2015 will be stronger than 2013 and 2014, it won't be the "breakout year" some are expecting.

Previously: Homebuilder confidence at highest since January


From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs