Housing Market Forecast for September 2025

This document is a housing market forecast report for September 2025. It presents detailed projections for total housing starts, home sales, and mortgage originations, including specific figures for single-family and multifamily units. The report outlines the expected changes in these areas, providing year-over-year percentage changes for various categories. It includes data on total home sales, new single-family homes, and existing homes, along with the anticipated trends in mortgage rates and refinancing shares. The document also notes that the forecasts are based on estimates from Fannie Mae's Economic and Strategic Research Group, which relies on data from sources such as the Census Bureau and the National Association of REALTORS®. Additionally, the report emphasizes that the opinions and forecasts presented are subject to change and depend on numerous factors, highlighting the uncertainty inherent in economic predictions.