National House Building Council

High Mortgage Rates Remain Primary Impediment to Housing Sentiment

Retrieved on: 
Wednesday, December 7, 2022
NHS, Housing, Disposable household and per capita income, My Home Purchase Plan, Research report, National House Building Council, Data collection, Fannie Mae, PSB Insights, Economy, Real estate, Grocery store, Health insurance

WASHINGTON, Dec. 7, 2022 /PRNewswire/ -- The Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index® (HPSI) increased 0.6 points in November to 57.3, its first increase in nine months, though it remains just above the all-time low set last month and significantly lower than its level at this time last year. Four of the index's six components increased modestly month over month, including those associated with homebuying and home-selling conditions; however, both remain well below year-ago levels, having declined on net 28 and 38 points, respectively. Elevated mortgage rates continue to constrain affordability, and 62 percent of respondents expect mortgage rates to rise even further over the next year, compared to only 10 percent who expect rates to decline. Year over year, the full index is down 17.4 points.

Key Points: 
  • Elevated mortgage rates continue to constrain affordability, and 62 percent of respondents expect mortgage rates to rise even further over the next year, compared to only 10 percent who expect rates to decline.
  • We expect mortgage demand to continue to be curtailed by affordability constraints, while homeowners with significantly lower-than-current mortgage rates may be discouraged from listing their property and potentially taking on a new, much higher mortgage rate."
  • Mortgage Rate Expectations: The percentage of respondents who say mortgage rates will go down in the next 12 months increased from 6% to 10%, while the percentage who expect mortgage rates to go up decreased from 65% to 62%.
  • The Home Purchase Sentiment Index (HPSI) distills information about consumers' home purchase sentiment from Fannie Mae's National Housing Survey (NHS) into a single number.

Consumer Confidence in Housing Hits New All-Time Low

Retrieved on: 
Monday, November 7, 2022
Economy, Reading, NHS, Research report, PSB Insights, Industry, Data collection, National House Building Council, My Home Purchase Plan, Movement, FNMA, Fannie Mae, Income, Decision-making, OTCQB, Housing, Disposable household and per capita income, Index, Real estate, Health insurance

WASHINGTON, Nov. 7, 2022 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased 4.1 points in October to 56.7, its eighth consecutive monthly decline and lowest reading since the inception of the index in 2011. Five of the six index components decreased month over month, including those associated with home buying and selling conditions, as persistently high home prices and unfavorable mortgage rates continue to fuel consumers' housing affordability concerns. Only 16% of respondents indicated that now is a good time to buy a home – a new survey low – while the percentage who believe now is a good time to sell a home decreased sharply from 59% to 51% in October. Year over year, the full index is down 18.8 points.

Key Points: 
  • "The HPSI reached an all-time survey low this month, in line with expectations that the housing market will continue to cool in the months ahead," said Doug Duncan, Fannie Mae Senior Vice President and Chief Economist.
  • To receive e-mail updates with other housing market research from Fannie Mae's Economic & Strategic Research Group, please click here .
  • Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America.
  • We enable the 30-year fixed-rate mortgage and drive responsible innovation to make homebuying and renting easier, fairer, and more accessible.

Kontrol Technologies Selected by Leading Property Manager to Deliver Social Housing Energy Savings and Efficiency Retrofit

Retrieved on: 
Wednesday, October 12, 2022
Software, Other Energy, Sustainability, Consumer Electronics, IOT (Internet of Things), Energy, Technology, Construction & Property, Environment, Green Technology, Building Systems, Other Technology, Telecommunications, Cloud, Carbon, News, National House Building Council, KNR, Financial accounting, IOT, City, Efficiency, IIROC, Software as a service, HVAC, Contract, Technology, Social, Company, NEO, CEO, Nature, Property manager, SIOS Technology Corp., Phrase, Federation, Government, Public, Central heating, Solution, SEDAR, Oil, Renewable energy, Property management, Risk management, Ventilation, Customer, Kontrol

Kontrol Technologies Corp. ( NEO:KNR ) ( OTCQB:KNRLF ) ( FSE:1K8 ) (Kontrol or the Company), a leader in smart buildings and cities through IoT, Cloud and SaaS technology, has been selected by a leading Property Manager firm in Ontario, Canada to deliver an energy savings and efficiency upgrade for a Social Housing building (the Customer).

Key Points: 
  • Kontrol Technologies Corp. ( NEO:KNR ) ( OTCQB:KNRLF ) ( FSE:1K8 ) (Kontrol or the Company), a leader in smart buildings and cities through IoT, Cloud and SaaS technology, has been selected by a leading Property Manager firm in Ontario, Canada to deliver an energy savings and efficiency upgrade for a Social Housing building (the Customer).
  • The Social Housing market is an area of strategic focus for Kontrol, with many ageing buildings requiring energy efficiency upgrades.
  • In addition to the need for energy savings and energy security there is also a growing demand for emission reductions.
  • Many Social Housing buildings receive funding from various level of Government tied to building improvements with verifiable emission reductions, says Paul Ghezzi, CEO of Kontrol Technologies.

Housing Sentiment Dips Again, Inches Closer to All-Time Low

Retrieved on: 
Friday, October 7, 2022
NHS, National House Building Council, Data collection, PSB Insights, Housing, Research report, Fannie Mae, Income, Consumer, Decision-making, Disposable household and per capita income, FNMA, Industry, OTCQB, Economy, My Home Purchase Plan, Real estate, Tourism, Grocery store

WASHINGTON, Oct. 7, 2022 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased 1.2 points in September to 60.8, its seventh consecutive monthly decline, amid growing affordability constraints. Surveyed consumers reported expectations that mortgage rates will move higher over the next 12 months, and, for the first time since May 2020, more respondents than not expect home prices to decline. In September, only 19% of consumers indicated that it's a good time to buy a home – down from 22% the prior month – while 59% indicated that it's a good time to sell. Year over year, the full index is down 13.7 points.

Key Points: 
  • Fannie Mae's Home Purchase Sentiment Index (HPSI) decreased in September by 1.2 points to 60.8.The HPSI is down 13.7 points compared to the same time last year.
  • The Home Purchase Sentiment Index (HPSI) distills information about consumers' home purchase sentiment from Fannie Mae's National Housing Survey (NHS) into a single number.
  • To receive e-mail updates with other housing market research from Fannie Mae's Economic & Strategic Research Group, please click here .
  • Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America.

High Home Prices, Mortgage Rates Weighing on Housing Sentiment

Retrieved on: 
Wednesday, September 7, 2022
Fannie Mae, Decision-making, National House Building Council, Disposable household and per capita income, PSB Insights, FNMA, Research report, NHS, My Home Purchase Plan, Housing, News, Data collection, Economy, Industry, OTCQB, Income, Real estate, Grocery store

WASHINGTON, Sept. 7, 2022 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased 0.8 points in August to 62.0, its sixth consecutive monthly decline, as high home prices and elevated mortgage rates continue to weigh on consumer sentiment, particularly home-selling sentiment. Despite the relatively small aggregate change, the HPSI experienced significant volatility among four of its six components, including those measuring consumer perceptions of homebuying and home-selling conditions, as well as expectations regarding the future direction of home prices and mortgage rates.

Key Points: 
  • WASHINGTON, Sept. 7, 2022 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index (HPSI) decreased 0.8 points in August to 62.0, its sixth consecutive monthly decline, as high home prices and elevated mortgage rates continue to weigh on consumer sentiment, particularly home-selling sentiment.
  • Meanwhile, a greater share reported the expectation that mortgage rates will decline, even though a majority continue to believe that mortgage rates will go up over the next 12 months.
  • Mortgage Rate Expectations: The percentage of respondents who say mortgage rates will go down in the next 12 months increased from 6% to 11%, while the percentage who expect mortgage rates to go up decreased from 67% to 61%.
  • The Home Purchase Sentiment Index (HPSI) distills information about consumers' home purchase sentiment from Fannie Mae's National Housing Survey (NHS) into a single number.

Consumer Sentiment Toward Housing at Lowest Level in Decade

Retrieved on: 
Monday, August 8, 2022
Data collection, Industry, Fannie Mae, My Home Purchase Plan, Economy, Perception, FNMA, Income, Research report, Decision-making, PSB Insights, Disposable household and per capita income, OTCQB, Sell, Pessimism, NHS, Housing, National House Building Council, Online gambling, Real estate, Tourism, Grocery store, Health insurance

WASHINGTON, Aug. 8, 2022 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased 2.0 points in July to 62.8, its lowest level since 2011 and well below the all-time high set in 2019. Surveyed consumers continue to express pessimism about homebuying conditions, with only 17% of respondents reporting it's a good time to buy a home. Meanwhile, the percentage of consumers believing it's a good time to sell has begun ticking downward in recent months, falling from 76% in May to 67% in July. Overall, four of the index's six components decreased month over month, including the component associated with home price growth expectations, which has fallen meaningfully over the past few months but remains positive on net. Year over year, the full index is down 13.0 points.

Key Points: 
  • The Home Purchase Sentiment Index (HPSI) distills information about consumers' home purchase sentiment from Fannie Mae's National Housing Survey (NHS) into a single number.
  • To receive e-mail updates with other housing market research from Fannie Mae's Economic & Strategic Research Group, please click here .
  • Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America.
  • We enable the 30-year fixed-rate mortgage and drive responsible innovation to make homebuying and renting easier, fairer, and more accessible.

Consumers Appear Increasingly Frustrated by Housing Market, Larger Economy

Retrieved on: 
Thursday, July 7, 2022
Fannie Mae, Decision-making, OTCQB, Disposable household and per capita income, Research report, Industry, Pessimism, Housing, Sell, FNMA, NHS, My Home Purchase Plan, Reading, National House Building Council, Time, PSB, Income, Data collection, Economy, Real estate, Health insurance

WASHINGTON , July 7, 2022 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA)  Home Purchase Sentiment Index® (HPSI) decreased 3.4 points in June to 64.8, its second-lowest reading in a decade. Surveyed consumers continue to express pessimism about homebuying conditions, with only 20% of respondents reporting it's a good time to buy a home, while the percentage of consumers who believe it's a "Good Time to Sell" fell from 76% to 68% this month. Overall, four of the index's six components decreased month over month, including the components associated with perceived job stability and household income. Notably, a survey-high 81% of consumers believe the economy is on the "wrong track" and, for the first time in nearly seven years, a plurality of respondents said it would be difficult to get a mortgage, potentially a function of elevated home prices and higher mortgage rates. Year over year, the full index is down 14.9 points.

Key Points: 
  • "In June, a survey-record 81% of consumers reported that the economy is on the wrong track, suggesting to us and corroborated by other recently released consumer confidence measures that people appear to be growing increasingly frustrated with inflation and the slowing economy," said Doug Duncan, Fannie Mae Senior Vice President and Chief Economist.
  • This month's HPSI reading reflects these macroeconomic and personal financial concerns, with housing sentiment additionally diminished by the recent rapid increases in mortgage rates."
  • Duncan continued: "Interestingly, consumers' perceptions of home-selling conditions declined meaningfully in June, returning to pre-pandemic levels.
  • Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America.

TAB Announces Excellence under 45 Award Winners

Retrieved on: 
Wednesday, June 15, 2022
TAB, Time, Tarleton, Association, Industry, National Association, Creativity, PWB, Hill, National House Building Council, BABA, Housing, Star Awards, Chairperson, City, Tarleton State University, Ownership, Mentorship, Meritage Homes Corporation, White's Chapel United Methodist Church, Family, NAHB, National Association of Home Builders, Golf, Construction, YP, Multimedia, Texas Tech University, Texas Association, Hong Kong Sports Stars Awards, Real estate

AUSTIN, Texas, June 15, 2022 /PRNewswire/ -- The Texas Association of Builders (TAB) is honored to announce Ericka Hill and Eason Maykus as the 2022 Excellence under 45 Award winners. These individuals have committed themselves to their careers and to advancing the residential construction industry. They are primed to be future leaders in the industry. The duo will be honored during the Star Awards reception on Thursday, July 14. The evening event will take place on the second day of this year's Sunbelt Builders Show™ at the Dallas Hilton Anatole.

Key Points: 
  • AUSTIN, Texas, June 15, 2022 /PRNewswire/ -- The Texas Association of Builders (TAB) is honored to announce Ericka Hill and Eason Maykus as the 2022 Excellence under 45 Award winners.
  • The evening event will take place on the second day of this year's Sunbelt Builders Show at the Dallas Hilton Anatole.
  • YP's focus is to highlight and reward young professionals that have committed their time, efforts, and careers to the Texas residential homebuilding industry.
  • ABOUT TAB: The Texas Association of Builders (TAB) is a trade association serving the needs of homebuilders, remodelers and land developers throughout Texas, as well as the companies that service them.

Would-Be Homebuyers Feeling Squeeze of Higher Home Prices and Mortgage Rates

Retrieved on: 
Tuesday, June 7, 2022
OTCQB, Fannie Mae, Decision-making, Income, FNMA, Data collection, Consumer, Pessimism, Disposable household and per capita income, NHS, My Home Purchase Plan, PSB, National House Building Council, Industry, Economy, Housing, Research report, Health insurance, Real estate

WASHINGTON, June 7, 2022 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) remained relatively flat in May, decreasing by only 0.3 points but inching nearer its 10-year- and pandemic-low of 63.0 from April 2020. Surveyed consumers continue to express concerns about housing affordability, with the "Good Time to Buy" indicator reaching a new survey low, as 79% of respondents reported that it's a bad time to buy a home. Additionally, 70% of respondents expect mortgage rates to continue their recent ascent over the next 12 months. A greater share of consumers also expressed concern that they may lose their job in the next 12 months, but that component remains firmly positive generally, with only 16% of consumers expressing pessimism. Year over year, the full index is down 11.8 points.

Key Points: 
  • Additionally, 70% of respondents expect mortgage rates to continue their recent ascent over the next 12 months.
  • Duncan continued: "These results suggest to us that increased mortgage rates, high home prices, and inflation will likely continue to squeeze would-be homebuyers as well as those potential sellers with lower, locked-in mortgage rates out of the market, supporting our forecast that home sales will slow meaningfully through the rest of this year and into next."
  • Mortgage Rate Expectations: The percentage of respondents who say mortgage rates will go down in the next 12 months decreased from 5% to 4%, while the percentage who expect mortgage rates to go up decreased from 73% to 70%.
  • We enable the 30-year fixed-rate mortgage and drive responsible innovation to make homebuying and renting easier, fairer, and more accessible.

Consumer Sentiment Toward Housing Hits Lowest Level in Two Years

Retrieved on: 
Monday, May 9, 2022
Decision-making, My Home Purchase Plan, Fannie Mae, FNMA, National House Building Council, PSB, Data collection, Research report, Environment, Industry, OTCQB, Disposable household and per capita income, NHS, Ageing, Income, Housing, Economy, Online gambling, Real estate, Health insurance

WASHINGTON, May 9, 2022 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased by 4.7 points to 68.5 in April, its lowest level since May 2020, as surveyed consumers expressed heightened concerns about housing affordability and rising mortgage rates. All six of the index's components decreased month over month, with a survey-high 76% of consumers indicating that they believe it's a bad time to buy a home, up from 73% last month. Additionally, 73% of respondents expect mortgage rates to continue their recent ascent over the next 12 months, also a survey high. Year over year, the full index is down 10.5 points.

Key Points: 
  • This sentiment is consistent with our forecast of decelerating home sales through the rest of 2022 and into 2023."
  • The Home Purchase Sentiment Index (HPSI) distills information about consumers' home purchase sentiment from Fannie Mae's National Housing Survey (NHS) into a single number.
  • To receive e-mail updates with other housing market research from Fannie Mae's Economic & Strategic Research Group, please click here .
  • Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America.