SCE Household Spending Survey
The results of the December 2020 survey show that monthly household spending growth remains fairly modest compared to pre-pandemic levels. However, year-ahead total household spending growth expectations have risen sharply, extending the rebound from the steep decline measured in April.
(posted Jan 25)
SURVEY OF CONSUMER EXPECTATIONS
December Survey: The median expectation for home price growth over the next year rose sharply to 3.6 percent in December from 3.0 percent in November, marking its highest level since July 2018. The outlook for inflation rose at the three-year horizon to 3.0 percent and remained unchanged at the one-year horizon at 3.0 percent.
(Posted Jan. 11)
Quarterly Report on Household Debt and Credit
Total household debt increased by $87 billion (0.6 percent) to $14.35 trillion in third quarter of 2020, more than offsetting the decline seen in the previous quarter. Mortgage originations, including refinances, maintained their upward trend as homeowners continue to take advantage of the low interest rate environment. Balances and delinquency rates across debt products remained largely stable in the third quarter.
(posted Nov 17)