[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-203204-105":59,"doc-detail-203204-en":131},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":124,"head_meta":126,"extra_data":128,"updated_unix":130},105,"en","housing-forecast-november-2025-homebuilding-sales-and-mortgage-rate-outlook","Housing Forecast - November 2025 - Homebuilding, Sales, and Mortgage Rate Outlook","","Housing Forecast for November 2025 summarizes expectations for U.S. housing starts and home sales, including single-family and multifamily breakdowns with year-over-year percent change measures. The outlook also covers mortgage originations by purchase and refinance, refinance share, a 30-year fixed mortgage rate path, and supporting indices such as Fannie Mae HPI. Notes clarify forecast update timing, interest-rate reference dates, actuals versus forecasts, and data-source assumptions for market-wide originations estimates.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/housing-forecast-november-2025-homebuilding-sales-and-mortgage-rate-outlook/203204/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/housing-forecast-november-2025-homebuilding-sales-and-mortgage-rate-outlook/203204.png","ImageObject",300,407,{"name":92,"@type":93},"Aditya","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-30","2026-09-04",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",14,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What housing indicators does the November 2025 forecast include?","Question",{"text":113,"@type":114},"The forecast includes total housing starts and total home sales, with year-over-year percent change measures split into single-family and multifamily (2+ units). It also references metrics such as new versus existing single-family (including condos/co-ops).","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"How are mortgage rates and loan origination figures forecasted?",{"text":118,"@type":114},"A 30-year fixed rate mortgage series is provided, and mortgage originations are shown as purchase and refinance, including refinance share (percent). Notes state originations are Fannie Mae estimates due to the lack of a universal market-wide source.",{"name":120,"@type":111,"acceptedAnswer":121},"What do the notes say about actuals, forecast timing, and sources?",{"text":122,"@type":114},"Unshaded areas denote actuals, while shaded areas denote forecasts. The Fannie Mae HPI forecast is updated on the first month of every quarter, and other forecasts use a specified interest-rate reference date (October 31, 2025). Sources list Census Bureau, NAR, Freddie Mac for actuals and Fannie Mae Economic and Strategic Research for forecasts.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},203204,1788556828,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":8,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":130,"read_time":81,"preview_page_count":4},962085564549,"https://ap-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45","Housing Forecast: November 2025  \nSAAR, Thous. Units  \nTotal Housing Starts Percent Change: YoY  \nSingle-Family (1 Unit) Percent Change: YoY Multifamily (2+ Units) Percent Change: YoY  \nTotal Home Sales Percent Change: YoY  \nNew Single-Family Percent Change: YoY  \nExisting (Single-Family, Condos/Co-Ops) Percent Change: YoY  \nPercent Change: Quarterly YoY, Annual Q4/Q4  \nFannie Mae HPI  \nPercent: Quarterly Avg, Annual Avg  \n30-Year Fixed Rate Mortgage  \nNSA, Bil. $, 1-4 Units  \nSingle-Family Mortgage Originations Purchase  \nRefinance  \nRefinance Share (Percent)  \n\n| ---------------20 |  | 25--------------- |  | ---------------2026--------------- |  |  |  | ---------------2027--------------- |  |  |  |\n| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |\n| 25.1 | 25.2 | 25.3 | 25.4 | 26.1 | 26.2 | 26.3 | 26.4 | 27.1 | 27.2 | 27.3 | 27.4 |\n| 1,401 | 1,354 | 1,338 | 1,310 | 1,315 | 1,315 | 1,318 | 1,319 | 1,323 | 1,332 | 1,344 | 1,352 |\n| 1,015 | 941 | 903 | 898 | 909 | 913 | 918 | 922 | 929 | 939 | 950 | 956 |\n| 386 | 413 | 435 | 411 | 406 | 402 | 400 | 397 | 394 | 393 | 394 | 396 |\n| 4,781 | 4,660 | 4,716 | 4,764 | 4,893 | 5,050 | 5,146 | 5,220 | 5,312 | 5,393 | 5,474 | 5,539 |\n| 655 | 670 | 693 | 677 | 690 | 703 | 709 | 715 | 717 | 717 | 718 | 717 |\n| 4,127 | 3,990 | 4,023 | 4,087 | 4,203 | 4,346 | 4,436 | 4,505 | 4,596 | 4,677 | 4,756 | 4,822 |\n| 4.3 | 3.6 | 3.3 | 2.5 | 1.7 | 1.7 | 1.5 | 1.3 | 1.2 | 0.9 | 1.0 | 1.2 |\n| 6.8 | 6.8 | 6.6 | 6.3 | 6.2 | 6.1 | 6.0 | 5.9 | 5.9 | 5.9 | 5.9 | 5.9 |\n| 371 | 508 | 488 | 513 | 464 | 635 | 634 | 608 | 544 | 671 | 666 | 613 |\n| 279 | 382 | 384 | 345 | 276 | 418 | 421 | 380 | 304 | 456 | 460 | 413 |\n| 92 | 126 | 104 | 169 | 189 | 217 | 213 | 228 | 240 | 215 | 206 | 199 |\n| 25 | 25 | 21 | 33 | 41 | 34 | 34 | 38 | 44 | 32 | 31 | 33 |\n\n2024  \n1,367  \n-3.7 1,013 6.9  \n354 -25.0  \n4,746 -0.2 686 3.0  \n4,060 -0.7  \n4.4  \n6.7  \n1,695  \n1,331 364 21  \n\n| 2025 | 2026 | 2027 |\n| --- | --- | --- |\n| 1,351 | 1,317 | 1,338 |\n| -1.2 | -2.5 | 1.6 |\n| 939 | 916 | 944 |\n| -7.3 | -2.5 | 3.1 |\n| 411 | 401 | 394 |\n| 16.1 | -2.4 | -1.8 |\n| 4,730 | 5,077 | 5,430 |\n| -0.3 | 7.3 | 6.9 |\n| 673 | 704 | 717 |\n| -1.8 | 4.6 | 1.8 |\n| 4,057 | 4,373 | 4,713 |\n| -0.1 | 7.8 | 7.8 |\n| 2.5 | 1.3 | 1.2 |\n| 6.6 | 6.0 | 5.9 |\n| 1,880 | 2,341 | 2,494 |\n| 1,390 | 1,494 | 1,633 |\n| 490 | 847 | 861 |\n| 26 | 36 | 35 |\n\nNovember 13, 2025  \nNote: The Fannie Mae HPI forecast is updated on the first month of every quarter. Interest rate forecasts are based on rates from October 31, 2025; all other forecasts are based on the date above.  \nNote: All mortgage originations data are Fannie Mae estimates as there is no universal source for market-wide originations data.  \nNote: Unshaded areas denote actuals. Shaded areas denote forecasts.  \nSources: Actuals: Census Bureau, National Association of REALTORS®, Freddie Mac. Forecasts: Fannie Mae Economic and Strategic Research  \nOpinions, analyses, estimates, forecasts, beliefs, and other views ofFannie Mae's Economic and Strategic Research (ESR) Group included in these materials should not be construed as indicating Fannie Mae's business prospects or expected results, are based on a number of assumptions, and are subject to change without notice. How this information affects Fannie Mae will depend on many factors. Although the ESR Group bases its opinions, analyses, estimates, forecasts, beliefs, and other views on information it considers reliable, it does not guarantee that the information provided in these materials is accurate, current, or suitable for any particular purpose. Changes in the assumptions or the information underlying these views could produce materially different results. The analyses, opinions, estimates, forecasts, beliefs, and other views published by the ESR Group represent the views of that group as of the date indicated and do not necessarily represent the views ofFannie Mae or its management.","cbCaicVZIuGPcwzE","https://ap.wps.com/l/cbCaicVZIuGPcwzE","pdf",83909,"English","# Housing Forecast Overview\n## Housing Starts and Sales Metrics\n## Mortgage Rates and Originations\n## Update Notes and Sources","[{\"question\":\"What housing indicators does the November 2025 forecast include?\",\"answer\":\"The forecast includes total housing starts and total home sales, with year-over-year percent change measures split into single-family and multifamily (2+ units). It also references metrics such as new versus existing single-family (including condos/co-ops).\"},{\"question\":\"How are mortgage rates and loan origination figures forecasted?\",\"answer\":\"A 30-year fixed rate mortgage series is provided, and mortgage originations are shown as purchase and refinance, including refinance share (percent). Notes state originations are Fannie Mae estimates due to the lack of a universal market-wide source.\"},{\"question\":\"What do the notes say about actuals, forecast timing, and sources?\",\"answer\":\"Unshaded areas denote actuals, while shaded areas denote forecasts. The Fannie Mae HPI forecast is updated on the first month of every quarter, and other forecasts use a specified interest-rate reference date (October 31, 2025). Sources list Census Bureau, NAR, Freddie Mac for actuals and Fannie Mae Economic and Strategic Research for forecasts.\"}]","Housing Forecast - November 2025 - Homebuilding, Sales, and Mortgage Rate Outlook | PDF"]