Fannie Mae: Home construction jobs still years from recovery

AFTER the financial crisis of 2008, there was one thing that almost everyone agreed on. The government-sponsored mortgage giants, Fannie Mae and Freddie Mac, had to go.While shareholders and executives reaped the profits from Fannie and Freddie in good times, taxpayers were stuck with the bill in a crisis.

Worker Shortages Labor Supply May Slow Housing’s Recovery, Fannie Mae Finds Fannie Mae foresees a 1-million-worker shortage, vis-a-vis construction demand, by 2016.

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Fannie Mae is projecting that 2017 will end "on a cheerful note" for the economy as it upgraded its economic forecast. The housing market, however, is predicted to continue to struggle on that.

Residential construction jobs faced a 41% drop between 2006 and 2011. With homebuilding predicted to return to normal by 2016, housing starts may double over the next four years, Fannie Mae said. Latest news, expert advice and information on money. Pensions, property and more.

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Fannie Mae throws some cold water on these predictions. fannie basically agrees with Goldman’s estimates for job losses during the recession, stating that jobs related to the construction of residential buildings and specialty trade contractors declined by 1.4 million, or 41%, between 2006 and 2011.

Note: If a lender determines that a project does not meet all of Fannie Mae’s project eligibility requirements but believes that the project has merit and warrants additional consideration, the lender may request an exception (see B4-2.2-07, Projects with Special Considerations and Project Eligibility Waivers, for additional information).

Fannie Mae serves the people who house America. We are a leading source of financing for mortgage lenders and our financing makes sustainable homeownership and workforce rental housing a reality for millions of Americans.

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The idea is to recruit private investors to buy the hundreds of thousands of homes now owned, due to foreclosures, by Fannie Mae. recovery has not been slower than expected. And turning the housing.

Fixing Fannie Mae. job: his five-year tenure at Bank of America, which is locked in a bitter legal fight with Fannie’s regulator, the Federal Housing Finance Agency. The FHFA is suing to force Bank.

Homebuilder executives and economists predict a post-Super Bowl bounce in demand for residential construction. 385,000 this year, said David Crowe, chief economist for the National Association of.