Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, decreased by 2.7 points to 79 in April 2021 after four of the survey’s six components decreased month over month.

Notable was the drop in sentiment towards homebuying conditions, which was a net negative for the first time in the survey’s history. Year over year, the HPSI is still up 16 points, according to Doug Duncan, Fannie Mae chief economist.

“April’s HPSI reading appears to have been acutely impacted by the ongoing lack of housing details ⇒

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