Dive Brief:

• Fannie Mae's housing survey for May has led analysts there to conclude that 2014 will lag behind 2013 in home sales.
• The two largest drags on sales of existing and new homes are potential buyers' doubts about the economy and household income generally being stuck where it was last year.
• The picture crafted from answers to the May survey is gloomier than the conclusions based on the April survey, when attitudes were at a high for the survey's four-year history.

Dive Insight:

The results from the survey, which polled 1,000 people, show that 57% of respondents think the economy is headed the wrong way and 21% of people report that their income is "significantly higher" than it was 12 months earlier.