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Economic Concerns Persist in the U.S. – and Hold Back Housing

by Peter Thomas Ricci

Though Americans feel better towards housing, wider economic concerns persist – which, in turn, affect the housing market.

It’s become quite clear, in 2014, that housing’s recovery will depend in large part on wider economic trends, and that until those issues are resolved – things like stagnant wages, escalating student debt burdens and especially lackluster savings – housing cannot truly recover.

Further evidence of that truth came courtesy of Fannie Mae’s National Housing Survey, a monthly report from the GSE that tracks consumer sentiment on housing and the greater economy. Below, we’ve compiled graphs of the survey’s economic findings:

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