Fannie Mae Adjusts Housing Activity Forecast
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Forecast for Housing Activity Revised Slightly in April Outlook
Forecast for Housing Activity Revised Slightly in April Outlook
On Monday, the Fannie Mae Economic and Strategic Research (ESR) Group released its Economic and Housing Outlook for April.
The ESR Group expects single-family home sales to close 2025 at 4.86 million units, and new single-family construction is expected to total approximately 964,000 units this year.
Revisions to the housing forecast were driven by a combination of recent actuals and adjustments to the ESR Group’s expectations for the macroeconomy, including economic growth, which is forecast at 0.5% for full-year 2025 and 1.9% for 2026.
The ESR Group anticipates mortgage rates to end 2025 at 6.2% and 2026 at 6.0%, and projects home prices, as measured by the Fannie Mae Home Price Index (FNM-HPI), will rise 4.1% in 2025 and 2.0% in 2026.
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