Fannie Mae economists are out with their forecasts for 2012 and they expect the housing market to have a modest, positive impact in the overall GDP numbers in 2012. This is the first time in years that housing will be a net plus to the GDP rather than the net negative drain it as been for the past few years.
Fannie Mae says, “economic indicators suggest a pickup in construction of apartment buildings and a modest uptick in single-family construction. Still, there are challenges that could emerge derailing 2012 growth projections.”
- FHFA pushes for privatization of Fannie Mae, Freddie Mac (agbeat.com)
- Gov’t seeks smaller role for Fannie, Freddie (seattletimes.nwsource.com)
- Fannie Mae Serious Delinquency rate declines, Freddie Mac rate increases (calculatedriskblog.com)
- HUD Secretary Donovan Calls On Fannie Mae And Freddie Mac To Do More For Troubled Homeowners (thinkprogress.org)
- Fannie Mae CEO steps down during troubled times (agbeat.com)