Consumer confidence in the American housing market smashed records in April 2018, reaching unprecedented levels as the economy continues to soar under President Trump and the Republican-controlled Congress.
According to CNBC, a new monthly sentiment index from Fannie Mae shows record breaking consumer confidence in the US housing market going into the second quarter of 2018.
“Consumer attitudes remain resilient going into the spring/summer home buying season,” a senior vice president and chief economist at Fannie Mae told CNBC. “However, the upward trend in the good-time-to-sell share seen since last spring has done little to release more for-sale inventory.”
The strong economic forecast comes as unemployment claims reach a staggering 45 year low, with more and more Americans heading back to work and buying property just months after the GOP-sponsored tax cuts were signed into law.