Survey of Consumer Expectations

Survey of Consumer Expectations — June 2015 July 13, 2015

The Federal Reserve Bank of New York today released results from its June 2015 Survey of Consumer Expectations (SCE) generally show a slightly more positive outlook of the US economy. Median consumer inflation expectations at both the short and medium term horizon continue to be stable. Home price change expectations rose to 3.5%, their highest level this year. Median earnings growth as well as household spending growth expectations increased from the prior month. Labor market expectations (such as voluntary quits and likelihood of finding a job) also continued to improve. Credit availability expectations were largely unchanged.

Consumers Cautiously Optimistic about the US Economic Outlook
July 13, 2015

Survey of Consumer Expectations

Housing Survey — 2015 May 28, 2015

The 2015 SCE Housing Survey indicates that attitudes toward housing as a financial investment remain decidedly positive. U.S. households on average expect home price growth to continue at a 4.4 percent pace over the next year, comparable to the average year-ahead expectation reported in last year’s survey. Survey respondents expect mortgage rates to increase in coming years, but at a moderate pace. Among homeowners, the expressed likelihood of investing in improvements to the home has declined somewhat relative to last year. Most renters report that they would rather own than rent if they had the necessary financial resources; as in last year’s survey, a majority of them believe that it would be difficult to obtain a mortgage, although responses suggest a slight easing in perceived credit access. (This report is in pdf format.)

SCE Housing Survey 2015 PDF | Chart Packet PDF

Household Debt and Credit

Debt Balances Flat as Delinquencies Improve
May 12, 2015

Total Debt Balance

Delinquencies, Foreclosures and Bankruptcies Improve as Household Debt Stays Flat
May 12, 2015

Survey of Consumer Expectations

SCE Credit Access — February 2015 March 27, 2015

The February 2015 SCE Credit Access Survey shows little change in application rates for credit over the last twelve months, but a decline in rejection rates, particularly for credit card limit increases.

The Center for
Microeconomic Data

The Center for Microeconomic Data serves to centralize the collection, acquisition, and analysis of microeconomic data at the New York Fed and act as a catalyst for microeconomic research by promoting engagement with the wide academic community. The wide-ranging data, research, and analysis produced in the Center provide insight into individual-level financial and nonfinancial economic conditions, expectations, and behavior in the U.S.
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