Doug Duncan

Chief Economist of Fannie Mae. Opinions expressed herein are my own.

[Doug Duncan @D2_Duncan]

Mixed news for the construction labor market in today’s #JOLTS. Job openings rise to an expansion high, but hires and quits both fall in the construction sector. Labor supply shortage continues

[Doug Duncan @D2_Duncan]

Existing home sales fall for the third straight month in June, coming in 2.2% lower year-over-year. Q2 existing sales are down for the fourth time in five quarters. https://t.co/gwhziS4Zq8

[NAR Research @NAR_Research]

Total existing-home sales decreased 0.6% to a seasonally adjusted annual rate of 5.38 million in June from a downwardly revised 5.41 million in May. #NAREHS

[Fannie Mae @FannieMae]

Our economists made a slight upgrade to their 2018 full-year economic growth forecast. But they also question if the economic expansion is nearing its peak. https://t.co/3zgHbWu8mT

[Fannie Mae @FannieMae]

Just released: NEW #HPSI shows consumer confidence in housing is losing momentum. Home Purchase Sentiment Index slips from previous record high. https://t.co/JHRr5gmJ0f

[Doug Duncan @D2_Duncan]

We’re about to see what the Fed really means by a “symmetrical” 2% inflation target, as headline PCE hits 2.3% YoY for the first time since early 2017, and core PCE hits 2% for the first time since 2012. https://t.co/dTGqWGxz03

[BEA News @BEA_News]

People’s incomes rose 0.4% in May; spending grew 0.2%. https://t.co/TMUOvL4fDu

[Fannie Mae @FannieMae]

Renters tell us they’re concerned about finding affordable housing in their area. And that may be keeping some of them on the homebuying sidelines. https://t.co/E0G7QmJjjb

[Doug Duncan @D2_Duncan]

Existing home sales fell for the second consecutive month in May and by 3% from May 2017. Inventory continues its annual decline. Tough report. Is it all about supply? Some interest rate impact? What else? https://t.co/TS3C7Y9BF9

[NAR Research @NAR_Research]

Total existing-home sales decreased 0.4% to a seasonally adjusted annual rate of 5.43 million in May from downwardly revised 5.45 million in April. #NAREHS

[Doug Duncan @D2_Duncan]

Total starts bounced back in May to a near 11-year high, as both SF and MF rose. Tempering the good news for building, total permits fell for the third time in four months. #Census #housingstarts https://t.co/Q0sHRC6z5b

[U.S. Census Bureau @uscensusbureau]

May ‘18 US total housing starts are up 5.0% to 1,350K (annualized). https://t.co/a0moOWD1Vf #Census

[Doug Duncan @D2_Duncan]

Amid escalating trade tensions and interest rate hikes, we continue to expect 2018 economic growth to come in at 2.7 percent. Full June Outlook: https://t.co/afQ6aKrmvF

[Doug Duncan @D2_Duncan]

Newsflash ... NOT: Fed raises rates 25 basis points, to a range of 1.75 percent to 2.00 percent. Tightening continues unabated. https://t.co/Vn9xx780KI

[Federal Reserve @federalreserve]

Federal Open Market Committee statement: https://t.co/RDdD1hjycE #FOMC

[Fannie Mae @FannieMae]

Mortgage demand hits a three-year low in our latest Mortgage Lender Sentiment Survey. https://t.co/AqMXTKfOba #MLSS

[Fannie Mae @FannieMae]

"Today’s May jobs report portrayed a solid labor market, with strong, broad-based job gains and upward revisions." - @D2_Duncan. Doug's full #jobsreport comment: https://t.co/voiky27tMI

[Doug Duncan @D2_Duncan]

RT @D2_Duncan New home sales fell in April, but rose 11.6 percent year-over-year. The first quarter was revised down 14,000 units to 655,000. New homes available for sale ticked up to the highest level since 2009. #Census https://t.co/2JAIoMF0bM

[Doug Duncan @D2_Duncan]

New home sales fell in April, but rose 11.6 percent year-over-year. The first quarter was revised down 14,000 units to 655,000. New homes available for sale ticked up to the highest level since 2009. #Census https://t.co/Y0hhnca6aD

[U.S. Census Bureau @uscensusbureau]

Apr ‘18 US total new single-family #home sales were down 1.5% to 662K (annualized). https://t.co/32qMXieI2y #Census

[Doug Duncan @D2_Duncan]

Housing’s upward grind should continue, despite a lackluster first quarter. We expect home sales to post modest gains both this year and next, as prices rise and affordability declines amid low for-sale inventory. Our full May economic and housing outlook: https://t.co/6atLfHndlv

[Doug Duncan @D2_Duncan]

Total U.S. housing starts fell 3.7% in April driven by multifamily starts declining 11.3%, as single-family starts were little changed. Overall a disappointment in a supply constrained market. https://t.co/fe1WsLqpnq

[U.S. Census Bureau @uscensusbureau]

Apr ‘18 US total #housing #starts are down 3.7% to 1,287K (annualized). https://t.co/a0moOWD1Vf #Census

[Fannie Mae @FannieMae]

68% of lenders told us they think accepting gig economy income will help low- to moderate-income borrowers. https://t.co/beQsQ9HFxq

[Fannie Mae @FannieMae]

#HPSI at all-time high as more consumers believe now is a good time to sell. Find out more, including whether or not Americans believe their personal financial situation will improve or worsen over the next 12 months: https://t.co/hkgFLsg2ed.

[Fannie Mae @FannieMae]

.@d2_duncan called today’s #jobsreport “lukewarm.” Find out what else he has to say about April’s employment numbers: https://t.co/rTDWTsfSck

[Fannie Mae @FannieMae]

.@D2_Duncan lowered slightly his forecast for full-year 2018 growth to a still-strong 2.7 percent on weak consumer spending in Q1. However, additional downside risks are emerging, most notably the increasingly heated rhetoric on trade. Read more: https://t.co/h8sRX4KEAC