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Fannie Mae: Housing Faring Better than Economy

Friday, May 22, 2015

Fannie Mae's economists used their May economic and strategic summary to downgrade expectations for 2015 growth but at the same time painted a slightly brighter picture for housing.  Based on the poor growth of GDP in the first quarter, only 0.2 percent, they downgraded expectations for the year by 0.5 percentage point to 2.3 percent growth.  The portion of the report dealing with housing was obviously written both before Tuesday's encouraging news about residential construction or Thursday's disappointing existing home sales report.

 

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