August 2024 Home Purchase Sentiment Index Report

This report presents the findings of the Home Purchase Sentiment Index® (HPSI) for August 2024, which is a composite index that tracks consumers’ housing-related attitudes, intentions, and perceptions based on the National Housing Survey® (NHS). The HPSI increased by 0.6 points to 72.1 this month. The report details the changes in six components of the HPSI, including Buying Conditions, Selling Conditions, Home Price Outlook, Mortgage Rate Outlook, Job Loss Concern, and Change in Household Income. It notes that two components increased (Mortgage Rate Outlook and Job Loss Concern), while three components decreased (Home Price Outlook, Change in Household Income, and Buying Conditions). The report also provides statistics on consumer sentiment regarding the timing of buying and selling homes, as well as expectations for home prices and mortgage rates over the next 12 months. Additionally, it includes data on household income changes and job loss concerns among consumers.