SOURCE: Freddie Mac
January 15, 2013 13:00 ET
MCLEAN, VA--(Marketwire - Jan 15, 2013) - Freddie Mac (OTC: FMCC) released today its U.S. Economic and Housing Market Outlook for January showing that despite the fiscal uncertainties facing the country, consumer confidence has remained fairly resilient in recovering from its Great Recession lows, buoyed by improving labor and housing market news. Unfortunately, business owners and managers are more sanguine about the nation's business outlook than consumers seem to be.
A short preview video and the complete January 2013 U.S. Economic and Housing Market Outlook are available here. Freddie Mac compiles data on major economic and housing and mortgage market indicators and offers forecasts based on those indicators.
Attributed to Frank Nothaft, Freddie Mac vice president and chief economist.
"As we begin 2013, the economy is undoubtedly at a better place now than at this time in 2012. And despite the clouds of fiscal uncertainty facing the country, positive jobs reports and the strengthening housing market continue to be the bright spot as we begin the New Year."
Get the latest information from Freddie Mac's Office of the Chief Economist on Twitter: @FreddieMac
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four homebuyers and is one of the largest sources of financing for multifamily housing. www.FreddieMac.com.
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Chief Economist, Frank Nothaft, gives a video preview of the January 2013 U.S. Economic and Housing Market Outlook.