Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) Launches the Home Purchase Sentiment Index

Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA)’s ESRG introduced Home Purchase Sentiment Index™, which refines results from its consumer-focused NHS into a monthly, single predictive indicator. Accounting over four years of data, the index is designed to offer distinct indications about the direction of the housing industry, helping market participants to make well informed business decisions.

The details

Unlike current general indices highlighting consumer economic sentiment, Federal National’s HPSI is developed entirely for housing market. The index is developed from answers to six major NHS questions that seek Americans’ assessment of housing market conditions and tackle topics associated to their house purchase decisions.

These six questions ask U.S. consumers whether they consider it is a bad or good time to sell or to buy a house, the movement they expect mortgage interest rates and home prices may take, how anxious they are about their jobs, and lastly about their incomes levels. The Economic & Strategic Research Group plans to release the FNMA HPSI report on the seventh day of each month.

The expert comments

Doug Duncan of Fannie Mae said that Federal National Home Purchase Sentiment Index offers the market a single indicator to track consumer outlook on the housing market. Utilizing company’s National Housing Survey, the consumer sentiment survey will be focused on just one element and that is housing. The HPSI will provide insights regarding future and current looking housing market results and will complement prevailing data sources to get housing-related analysis.

Consumer outlook on prevailing home selling climate have moved back to April 2015 level, contributing to a small decline in the August HPSI number relative to its four-year high, touched two months ago.

In last trading session, the stock price of Federal National declined 0.22% to close the trading session at $2.28. The decline came at a share volume of 1.42 million compared to average monthly share volume of 3.41 million.

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Published by Lisa Ray

Lisa has a Bachelor of Arts in journalism from Purdue University and 3 years of experience in the publishing field.

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