SCE Федерального резервного банка Нью-Йорка ожидает изменения цен на жилье

NY Fed SCE Housing Price Expectations

NY Fed SCE Housing Price Expectations is an indicator measured in the Survey of Consumer Expectations conducted by the Federal Reserve Bank of New York, which measures how general consumers anticipate the rate of change in housing prices over the next 12 months. This survey targets households throughout the United States and serves as an important tool for quantitatively grasping consumer sentiment regarding housing prices.

This indicator is important because the housing market exerts substantial influence on the broader U.S. economy. If consumers expect housing prices to rise, housing purchase demand increases, and construction investment and related industries' activities become more active. Conversely, if price declines are anticipated, purchasing interest declines. Additionally, housing assets represent an important component of U.S. household wealth, and housing price expectations affect consumption spending and overall economic growth prospects. Furthermore, it is utilized to support monetary policy decisions and functions as material for assessing inflationary pressures and economic trends.

As a general trend, housing price expectations tend to rise during periods of increasing inflation expectations and optimism about economic growth. In recent years, following the rapid surge in housing prices after the COVID-19 pandemic in 2020, consumer expectations have fluctuated significantly. Key points to watch include that substantial changes in expected values may suggest turning points in economic cycles, and differences in expectations across regions and age groups reflect the diversity of the market.