Recent data show that the economy and housing market continue to transition to more normal levels of activity and are poised to gather further momentum heading into 2014, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research Group. In particular, as uncertainty surrounding fiscal and monetary policy wanes, consumer spending and manufacturing activity should improve and contribute to additional housing growth. Real economic growth is expected to come in at approximately 2.2 percent for all of 2013, which is roughly in line with the Group’s forecast at the beginning of this year, with an increase to 2.7 percent expected next year.
Housing Continues Its Journey Toward Normal Activity
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