Fannie Mae revises economic forecast downward for next two years
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The housing bust induced a 41 percent drop in residential construction jobs between 2006 and 2011. 1 Fannie Mae’s Economic and Strategic Research (ESR) Group predicts that homebuilding activity will return to "normal" by 2016, with housing starts roughly doubling over the next four years.
Fannie mae revises economic forecast downward for next two years – Fannie Mae has revised its economic forecast downward. trade tensions are causing uncertainty for investors and driving mortgage rates downward. NEXT: Most expensive homes sold in Houston May 2019.
Although the U.S. housing market is in a slump, due to lack of supply, rising home prices and tight affordability, Fannie Mae has nonetheless upwardly revised its economic forecast. to raise rates.
Fannie Mae Receives Top Honors for Most Accurate Forecast. In 2016, Fannie Mae’s Economic & Strategic Research Group won the NABE Outlook Award presented annually for the most accurate GDP and Treasury note yield forecasts.
· The economic outlook from Fannie Mae’s Economics and mortgage market analysis group says that foreclosures will keep housing sales subdued in the final quarter of this year, but sales will see gradual improvement in 2011. We expect home sales to increase by about 3% in 2011.
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WASHINGTON, Feb. 21, 2019 /PRNewswire/ — The Fannie Mae Economic and Strategic Research (ESR) Group in its February forecast update is maintaining its prediction for 2.2. of last year. Growth for.
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Fannie Mae downgraded its forecast for. 2020 will see the worst economy in more than a decade. The mortgage giant revised its projection for GDP growth to 1.5% for next year, which would be the.
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(Euclid Infotech Ltd via COMTEX) — The Fannie Mae Economic and Strategic Research (ESR) Group in its February forecast update is maintaining its prediction for 2.2 percent full-year.
Fannie Mae downgraded its forecast for U.S. economic growth, citing a "ratcheting up of trade tensions," and said 2020 will see the worst economy in more than a decade. The mortgage giant revised its projection for GDP growth to 1.5% for next year, which would be the worst performance since a 2.5% contraction in 2009, according to data from the Bureau of Economic Analysis .