(Bloomberg) -- 2019 is shaping up to be another lackluster year for U.S. housing, based on sentiment among prospective buyers and builders.
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Lender Fannie Mae’s home purchase sentiment index dropped in December to 83.5, the lowest in almost two years.
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Four in 10 Americans saying it’s a bad time to buy a home, the highest on record back to June 2010. Attitudes “worsened significantly,” Doug Duncan, Fannie Mae’s chief economist, said in a printed statement, citing “robust increases in home prices outpacing income growth.”
Separate data issued last month showed builders have also soured on the outlook. The National Association of Home Builders/Wells Fargo Housing Market Index for December dropped to 56, the lowest since 2015.
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