Fannie Mae: Housing starts to triple by 2013 to nearly 1.5 million

Despite the still fragile housing market, Fannie Mae expects housing starts to triple by 2013. According to the agency’s economic outlook, housing starts are predicted to increase 17.3% and hit 710,000 this year, with another 47% increase to 1.1 million in 2012 and another gain of 42% in 2013 to nearly 1.5 million.

Of the outstanding 30-year MBS for Fannie Mae. Rising mortgage rates in the second half of 2013 "stunted" the housing recovery, and new homes sales fell by 7 percent in December. Existing home.

 · One of those reports, Fannie Mae’s latest home purchase sentiment Index data, found nearly record-high confidence among American consumers who were asked their thoughts on the state of the housing market. In May, the HPSI rose to within 0.3 points of the all-time high set exactly a year ago, helped by a spike in the number of consumers who.

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac have completed more than 3 million foreclosure prevention actions – including modifications, refinancings and short sales – since the start of conservatorship in September 2008, the Federal housing finance agency (FHFA) notes in its third quarter Foreclosure Prevention Report.

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He cited rising fees for Fannie Mae. Housing starts are forecast to hit 917,000 this year and reach 1.13 million in 2014, which is still well below the underlying demand of about 1.5 million..

Subprime, Alt-A Delinquencies Piling Up PIMCO: Fed can't afford to let housing crack – Reuters – Delinquencies are rising on subprime mortgages and defaults are piling up at record rates as home prices sink, pressuring consumers’ desire to spend.. The problems in the mortgage market stem.

A Better Bargain for the Middle Class: Housing.. further work should determine how Fannie Mae and Freddie Mac can better support smaller multifamily loans of $1-5 million, especially because these properties often provide affordable rental housing.. Housing starts had plummeted nearly 80%.

Since their debut in 2013, rent-backed securities have ballooned into a nearly $20 billion market that won a first-of-its-kind taxpayer backing from Fannie Mae. housing for working families-and we.

Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) provides exposure to mortgage-backed securities issued by U.S. mortgages agencies, such as Ginnie Mae, Freddie Mac, and Fannie. housing starts.

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But that increase would still leave the industry’s construction employment nearly 1 million workers short of the 3.4 million it hit at the peak of the last housing boom in 2006. These are the conclusions of a May 6 analysis of supply and demand in housing and employment by Fannie Mae’s Economic and Research Group .

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