The U.S. Housing Market Was Categorized as "Slightly Overperforming" in May [Yahoo! Finance]
Federal National Mortgage Association (FNMA)
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Source: Yahoo! Finance
June 24, 2024 /PRNewswire-PRWeb/ -- Today, the experts at Zonda , the housing industry's foremost advisors, released the New Home Market Update report for June 2024 The housing market continues to keep participants and pundits on their toes. After a solid start to the year for the new home market, seasonally adjusted sales cooled in both May and early June. The recent sales dip isn't linked to a single big event. Rather, we attribute the shift to persistently high housing costs, buyer fatigue, and cautiousness ahead of the election. May was the lowest month for builder confidence this year according to Zonda's survey. Only 33% of homebuilders said demand was on track with expectations, down from 50%+ consistently since the start of the year. The shift in builder confidence corresponded with Fannie Mae's data capturing 86% of consumers who believe now is a bad time to buy a home. Importantly though, the new home market still came in as slightly overperforming in May. "The past fo
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News
- Homeowners and renters struggling to afford the high cost of housing: survey [FOX Business Network]FOX Business Network
- Fannie Mae guaranty book of business edges up 0.3% in May [Seeking Alpha]Seeking Alpha
- Fannie Mae Releases May 2024 Monthly Summary [Yahoo! Finance]Yahoo! Finance
- Buyers hesitate as housing affordability declines [Yahoo! Finance]Yahoo! Finance
- Fannie Mae Releases May 2024 Monthly SummaryPR Newswire
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Sec Filings
- 6/13/24 - Form 8-K
- 5/20/24 - Form 3
- 5/14/24 - Form 3
- FNMA's page on the SEC website