Latest news with #ESRGroup
Yahoo
24-07-2025
- Business
- Yahoo
Mortgage Rate and Home Price Growth Forecasts Revised Lower
WASHINGTON, July 24, 2025 /PRNewswire/ -- Mortgage rates are expected to end 2025 and 2026 at 6.4 percent and 6.0 percent, respectively, downward revisions compared with last month's forecast of 6.5 percent and 6.1 percent, according to the July 2025 Economic and Housing Outlook from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group also updated its home price growth forecast this month and now projects annual home price growth, on a Q4/Q4 basis, of 2.8 percent in 2025 and 1.1 percent in 2026. These are downward revisions compared with the previously projected 4.1 percent and 2.0 percent. Total home sales are forecast at 4.85 million units in 2025 and 5.35 million units in 2026. Visit Fannie Mae's Data and Insights page to read the full July 2025 Economic and Housing Outlook, including the Economic Developments Commentary, Economic Forecast, and Housing Forecast. To receive email updates with other housing market research from Fannie Mae's Economic and Strategic Research Group, please click here. Opinions, analyses, estimates, forecasts, beliefs, and other views of Fannie 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 of Fannie Mae or its management. About the ESR GroupFannie Mae's Economic and Strategic Research Group, led by Chief Economist Mark Palim, studies current data, analyzes historical and emerging trends, and conducts surveys of consumers and mortgage lenders to inform forecasts and analyses on the economy, housing, and mortgage markets. Follow Fannie Fannie Mae Newsroomhttps:// Photo of Fannie Maehttps:// Fannie Mae Resource Center1-800-2FANNIE View original content to download multimedia: SOURCE Fannie Mae Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-07-2025
- Business
- Yahoo
Fannie Mae Publishes June 2025 National Housing Survey Results
WASHINGTON, July 7, 2025 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today published the results of its June 2025 National Housing Survey® (NHS), which includes the Home Purchase Sentiment Index® (HPSI), a measure of consumer sentiment toward housing. Month over month, the HPSI decreased 3.7 points to 69.8. Year over year, the HPSI is down 2.8 points. For more information, access the latest data release or the key indicator data file. About the ESR GroupFannie Mae's Economic and Strategic Research Group, led by Chief Economist Mark Palim, studies current data, analyzes historical and emerging trends, and conducts surveys of consumers and mortgage lenders to inform forecasts and analyses on the economy, housing, and mortgage markets. Follow Fannie Fannie Mae Newsroomhttps:// Photo of Fannie Maehttps:// Fannie Mae Resource Center1-800-2FANNIE Opinions, analyses, estimates, forecasts, beliefs, and other views of Fannie Mae's Economic and Strategic Research (ESR) Group or survey respondents 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 or survey respondents as of the date indicated and do not necessarily represent the views of Fannie Mae or its management. View original content to download multimedia: SOURCE Fannie Mae Sign in to access your portfolio
Free Malaysia Today
25-06-2025
- Business
- Free Malaysia Today
UEM Sunrise's data centre MoU with S'pore firm collapses
UEM Sunrise and Logos Infrastructure Holdco signed an MoU in May 2024 to develop a data centre in Gerbang Nusajaya, Johor. (Freepik pic) PETALING JAYA : UEM Sunrise Bhd's deal to build a data centre campus in Gerbang Nusajaya, Johor, with Singapore firm Logos Infrastructure Holdco Pte Ltd has been scrapped. The property developer confirmed that the plan to develop an up to 360 megawatt data centre has fallen through following changes in Logos's ownership and business direction. Its officer in charge and chief financial officer Hafizuddin Sulaiman revealed this in an email response to The Edge. 'The partnership with Logos has lapsed following a change in Logos's ownership, which led to a shift in its overall business focus and strategic direction,' he said. ESR Group Ltd, which acquired 86.4% of privately-held Logos previously, had bought out the remaining 13.6% stake from the company's founders in July 2024. Logos does not appear to have much of a track record in the data centre industry given it was only incorporated in February 2021. UEM Sunrise, at the time of writing, has yet to make a filing on the matter with Bursa Malaysia. News of the data centre collaboration with Logos being in jeopardy surfaced last month in several research house reports. UEM Sunrise and Logos had inked a memorandum of understanding in May 2024 to jointly develop the site into a data centre campus. The collaboration included end-to-end construction management, technical work, and assisting in government-related processes, such as licensing applications and securing state approvals. Hafizuddin said UEM Sunrise is now in talks to sell a 74-acre land as part of its strategy to 'monetise non-core assets'. 'We have received early expressions of interest and are in preliminary discussions with several potential buyers. At this stage, no binding agreements have been formalised,' he said in the email. As at end-December 2024, the company's remaining landbank stood at 5,198 acres, carrying an estimated gross development value (GDV) of RM90.9 billion. UEM Sunrise posted a 151% jump in net profit for its first quarter ended March 31, 2025 to RM20.49 million from RM8.18 million a year earlier on higher revenue and lower finance costs. Revenue surged 85.65% to RM417.63 million from RM224.96 million previously. According to its 2024 annual report, its largest shareholder with a 69.6% stake is UEM Group Bhd, which is in turn wholly owned by Khazanah Nasional Bhd, the national sovereign wealth fund. UEM Sunrise was up one sen or 1.4% at 70 sen at 3.05pm, valuing the group at RM3.54 billion. The counter has tumbled 33.5% so far this year.
Yahoo
23-06-2025
- Business
- Yahoo
Existing Home Sales Forecast Revised Lower in Latest Outlook
WASHINGTON, June 23, 2025 /PRNewswire/ -- Existing single-family home sales are forecast at 4.14 million units for 2025, down slightly from last month's forecast of 4.24 million units, according to the June 2025 Economic and Housing Outlook from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. Revisions to the home sales forecast were driven in part by the ESR Group's higher expectations for mortgage rates, which are now predicted to end 2025 and 2026 at 6.5% and 6.1%, respectively. The latest outlook also projects real gross domestic product growing at 1.4% in 2025 and 2.2% in 2026 on a Q4/Q4 basis. Visit the Economic and Strategic Research site at to read the full June 2025 Economic and Housing Outlook, including the Economic Developments Commentary, Economic Forecast, and Housing Forecast. To receive email updates with other housing market research from Fannie Mae's Economic and Strategic Research Group, please click here. Opinions, analyses, estimates, forecasts, beliefs, and other views of Fannie 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 of Fannie Mae or its management. About the ESR GroupFannie Mae's Economic and Strategic Research Group, led by Chief Economist Mark Palim, studies current data, analyzes historical and emerging trends, and conducts surveys of consumer and mortgage lenders to inform forecasts and analyses on the economy, housing, and mortgage markets. Follow Fannie Fannie Mae Newsroomhttps:// Photo of Fannie Maehttps:// Fannie Mae Resource Center1-800-2FANNIE View original content to download multimedia: SOURCE Fannie Mae Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
13-06-2025
- Business
- Bloomberg
ESR Shareholders Approve $7 Billion Buyout By Investor Group
Shareholders of ESR Group Ltd. approved a buyout deal by a consortium of investors valuing the Hong Kong-listed warehouse operator at about $7 billion via a scheme of arrangement. ESR will be acquired by a group including investment firms Starwood Capital Group, Sixth Street Partners, SSW Partners, Warburg Pincus, Qatar Investment Authority and ESR's founders, according to a statement on Friday. In December the buyer consortium proposed to acquire all ESR shares for HK$13 each and take the company private.
