July 07, 2011Fannie Mae Releases New Monthly Indicators
WASHINGTON, DC — Fannie Mae's new monthly national consumer attitudinal survey report provides eleven indicators offering a window into the opinions of Americans across the country. These behavioral insights convey what consumers think about the outlook for owning and renting a home and about their household finances, and may serve as key inputs for determining the future course of investment across housing types.
The most detailed attitudinal survey of its kind, the Fannie Mae National Housing Survey polls 1,000 Americans each month via live telephone interview to assess their attitudes toward owning and renting a home, mortgage rates, homeownership distress, household finances, and overall consumer confidence. Homeowners and renters are asked more than 100 questions used to track attitudinal shifts (findings are compared to the same survey conducted monthly beginning June 2010). Fannie Mae conducts this survey and shares monthly and quarterly results so that we may help industry partners and market participants target our collective efforts to stabilize the housing market in the near-term, and provide support in the future.
"Our survey data on key aspects of the housing environment and Americans' household financial situations offer a comprehensive view of the marketplace that hasn't existed previously," said Doug Duncan, Vice President and Chief Economist of Fannie Mae. "There's been strong interest across the industry for a monthly consumer attitudinal data set of this size. The data have only a very short lag from collection to delivery and at present show how sensitive consumers are to contemporaneous events. We see a continued lack of confidence among consumers on home prices, the ability to sell their homes, and the state of their personal finances — all of which point to housing as a continued downside risk to economic growth going forward."
For detailed findings from the June 2011 survey, as well as technical notes on survey methodology and the questions asked of respondents associated with each monthly indicator, please visit the Fannie Mae Monthly National Housing Survey site at http://www.fanniemae.com/media/survey/monthly.jhtml. Also available on the site are quarterly survey results, which provide a detailed assessment of combined data results from three monthly studies.
The June 2011 Fannie Mae National Housing Survey was conducted between June 1, 2011 and June 28, 2011. Interviews were conducted by Penn Schoen Berland, in coordination with Fannie Mae. Forthcoming Fannie Mae National Housing Survey Monthly Reports will be released on or around the seventh day of every month.