Fannie Mae cuts U.S. home sales forecast, points to supply constraints

StreetInsider2021-06-16

(Reuters) - Fannie Mae on Wednesday cut its forecast for home sales in the second and third quarters of 2021, blaming a lack of listings and a slowing pace of new construction. The No. 1 U.S. mortgage...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

CleavonFx
2021-06-17
CleavonFx
Great ariticle, would you like to share it?
FoxHong
2021-06-17
FoxHong
[Smile] [Smile]
JINGYI
2021-06-17
JINGYI
Wow.
Phillix
2021-06-16
Phillix
Tell me your opinion about this news...
GinOng
2021-06-16
GinOng
Expected given Covid situation
天下无双争霸天下
2021-06-16
天下无双争霸天下
??

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2143799076?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-06-16 20:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2143799076","market":"us","top_or_hot":-1,"title":"Fannie Mae cuts U.S. home sales forecast, points to supply constraints","media":"StreetInsider","content":"<div>\n<p>(Reuters) - Fannie Mae on Wednesday cut its forecast for home sales in the second and third quarters of 2021, blaming a lack of listings and a slowing pace of new construction.\nThe No. 1 U.S. mortgage...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18566270\">Source Link</a>\n\n</div>\n","source":"highlight_streetinsider","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fannie Mae cuts U.S. home sales forecast, points to supply constraints</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFannie Mae cuts U.S. home sales forecast, points to supply constraints\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 20:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18566270><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Fannie Mae on Wednesday cut its forecast for home sales in the second and third quarters of 2021, blaming a lack of listings and a slowing pace of new construction.\nThe No. 1 U.S. mortgage...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18566270\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FNMA","symbol_name":"房利美","start_time":0,"source_url":"https://www.streetinsider.com/dr/news.php?id=18566270","article_id":"2143799076","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2143799076","pubTimestamp":1623847980,"sourceInfo":{"source_id":"highlight_streetinsider","name":"StreetInsider"},"weMediaInfo":null,"summary":"(Reuters) - Fannie Mae on Wednesday cut its forecast for home sales in the second and third quarters","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"FNMA":"房利美"},"translate_title":"房利美下调美国房屋销售预期,指出供应受限","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FNMA":0.9},"content_text":"(Reuters) - Fannie Mae on Wednesday cut its forecast for home sales in the second and third quarters of 2021, blaming a lack of listings and a slowing pace of new construction.\nThe No. 1 U.S. mortgage financing agency said in a press release that its Economic and Strategic Research Group sees home sales at 6.6 million and 6.5 million in the second and third quarters, respectively.\nThat is down from its previous forecast of 6.9 million and 6.7 million home sales respectively in the periods.\nSupply-side factors are limiting construction and mortgage origination, Fannie Mae said.\nU.S. homebuilder confidence in the market for single family homes fell in June to its lowest level since August 2020, dented by higher housing costs and shortages in key materials such as lumber, the NAHB/Wells Fargo Housing Market index showed on Tuesday.\n\"Demographic factors remain favorable for a strong housing market and many of the supply constraints that homebuilders face are likely to persist in the near term, so this upward pricing pressure is not likely to be as transitory as many of the current inflation drivers,” Doug Duncan, Fannie Mae Senior Vice President and Chief Economist, said in the press release.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":163890110,"gmtCreate":1623866323930,"gmtModify":1703822016746,"author":{"id":"3577625682381834","authorId":"3577625682381834","name":"CleavonFx","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163890110","repostId":2143799076,"repostType":4,"repost":{"id":"2143799076","pubTimestamp":1623847980,"share":"https://www.laohu8.com/m/news/2143799076?lang=&edition=full","pubTime":"2021-06-16 20:53","market":"us","language":"en","title":"Fannie Mae cuts U.S. home sales forecast, points to supply constraints","url":"https://stock-news.laohu8.com/highlight/detail?id=2143799076","media":"StreetInsider","summary":"(Reuters) - Fannie Mae on Wednesday cut its forecast for home sales in the second and third quarters","content":"<p>(Reuters) - Fannie Mae on Wednesday cut its forecast for home sales in the second and third quarters of 2021, blaming a lack of listings and a slowing pace of new construction.</p>\n<p>The No. 1 U.S. mortgage financing agency said in a press release that its Economic and Strategic Research Group sees home sales at 6.6 million and 6.5 million in the second and third quarters, respectively.</p>\n<p>That is down from its previous forecast of 6.9 million and 6.7 million home sales respectively in the periods.</p>\n<p>Supply-side factors are limiting construction and mortgage origination, Fannie Mae said.</p>\n<p>U.S. homebuilder confidence in the market for single family homes fell in June to its lowest level since August 2020, dented by higher housing costs and shortages in key materials such as lumber, the NAHB/Wells Fargo Housing Market index showed on Tuesday.</p>\n<p>\"Demographic factors remain favorable for a strong housing market and many of the supply constraints that homebuilders face are likely to persist in the near term, so this upward pricing pressure is not likely to be as transitory as many of the current inflation drivers,” Doug Duncan, Fannie Mae Senior Vice President and Chief Economist, said in the press release.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fannie Mae cuts U.S. home sales forecast, points to supply constraints</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFannie Mae cuts U.S. home sales forecast, points to supply constraints\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 20:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18566270><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Fannie Mae on Wednesday cut its forecast for home sales in the second and third quarters of 2021, blaming a lack of listings and a slowing pace of new construction.\nThe No. 1 U.S. mortgage...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18566270\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FNMA":"房利美"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18566270","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143799076","content_text":"(Reuters) - Fannie Mae on Wednesday cut its forecast for home sales in the second and third quarters of 2021, blaming a lack of listings and a slowing pace of new construction.\nThe No. 1 U.S. mortgage financing agency said in a press release that its Economic and Strategic Research Group sees home sales at 6.6 million and 6.5 million in the second and third quarters, respectively.\nThat is down from its previous forecast of 6.9 million and 6.7 million home sales respectively in the periods.\nSupply-side factors are limiting construction and mortgage origination, Fannie Mae said.\nU.S. homebuilder confidence in the market for single family homes fell in June to its lowest level since August 2020, dented by higher housing costs and shortages in key materials such as lumber, the NAHB/Wells Fargo Housing Market index showed on Tuesday.\n\"Demographic factors remain favorable for a strong housing market and many of the supply constraints that homebuilders face are likely to persist in the near term, so this upward pricing pressure is not likely to be as transitory as many of the current inflation drivers,” Doug Duncan, Fannie Mae Senior Vice President and Chief Economist, said in the press release.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163131759,"gmtCreate":1623861794371,"gmtModify":1703821900174,"author":{"id":"3582460640048049","authorId":"3582460640048049","name":"FoxHong","avatar":"https://static.tigerbbs.com/be335aa4249630c1bf5d1dd511494765","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"[Smile]&nbsp;[Smile]&nbsp;","listText":"[Smile]&nbsp;[Smile]&nbsp;","text":"[Smile] [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163131759","repostId":2143799076,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163103316,"gmtCreate":1623861047035,"gmtModify":1703821869726,"author":{"id":"3575459040838083","authorId":"3575459040838083","name":"JINGYI","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Wow.","listText":"Wow.","text":"Wow.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163103316","repostId":2143799076,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163957654,"gmtCreate":1623857993578,"gmtModify":1703821705995,"author":{"id":"3581904894643717","authorId":"3581904894643717","name":"Phillix","avatar":"https://static.tigerbbs.com/fe9b6bf80300e619b95b8d1e826264c4","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163957654","repostId":2143799076,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163042234,"gmtCreate":1623854604328,"gmtModify":1703821573033,"author":{"id":"3585489224255758","authorId":"3585489224255758","name":"GinOng","avatar":"https://static.tigerbbs.com/dbc4f4af938fe9cbc71173da2486f50b","vip":1,"crmLevel":4,"crmLevelSwitch":1},"htmlText":"Expected given Covid situation&nbsp;","listText":"Expected given Covid situation&nbsp;","text":"Expected given Covid situation","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163042234","repostId":2143799076,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":169714512,"gmtCreate":1623850932436,"gmtModify":1703821368704,"author":{"id":"3578446005069822","authorId":"3578446005069822","name":"天下无双争霸天下","avatar":"https://static.tigerbbs.com/03f66f3e933ad873069fb343b4c9ef65","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169714512","repostId":2143799076,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":30,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.5","shortVersion":"4.22.5","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2143799076"}