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Home >> Tag Archives: Confidence

Tag Archives: Confidence

Builder Confidence Rises to Nearly Nine-Year High

Builder Confidence Rises to Nearly Nine-Year High

NAHB's Housing Market Index, a gauge of builder confidence in the market for newly built, single-family homes, rose four points in the group's latest reading to 59, nine points above the benchmark separating a market largely viewed as good from one viewed as poor. September's gain brings the index to its highest value since November 2005, NAHB reported.

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Housing Sentiment Softens as Wage Growth Stagnates

Housing Sentiment Softens as Wage Growth Stagnates

Despite economic strides made in the last few months, Fannie Mae's latest survey found Americans' outlook toward housing deteriorated again in August, "[suggesting] that housing activity may resume its modest recovery in 2015 after some pullback last year," analysts said. "The August National Housing Survey results lend support to our forecast that 2015 will likely not be a breakout year for housing," said Doug Duncan, SVP and chief economist at Fannie Mae.

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Consumer Sentiment Lifts in Final August Reading

Consumer Sentiment Lifts in Final August Reading

After a poor reading earlier in the month, consumer sentiment in August recovered more than expected, despite concerns about the economy's future direction. The University of Michigan/Thomson Reuters Index of Consumer Sentiment climbed to 82.5 in the final August reading, slightly better than July's final value of 81.8 but a sharp upturn from a mid-month reading of 79.2.

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Builder Confidence Improves for Third Month

Builder Confidence Improves for Third Month

The National Association of Home Builders (NAHB) reported on Monday a two-point increase in its Housing Market Index, a gauge of builder sentiment measuring current single-family new home sales, expected sales six months out, and volume of traffic from prospective homebuyers. As of August, the index measured 55, five points above the benchmark separating a market largely viewed as poor from one viewed as good.

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Consumer Confidence Hits Post-Recession High

Consumer Confidence Hits Post-Recession High

The Conference Board's Consumer Confidence Index reached 90.9 in the group's July survey, up from 86.4 in June. As of July, the index stands at its highest level since before the Great Recession. Lynn Franco, director of economic indicators at the Conference Board, said the surge was fueled by strong job growth and a brighter short-term outlook for the labor market and personal incomes.

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Consumer Sentiment Slips in First July Reading

Consumer Sentiment Slips in First July Reading

The Thomson Reuters/University of Michigan Index of Consumer Sentiment measured 81.3 in its first July reading, falling more than a point from its final June reading of 82.5. Analysts surveyed before Friday's release had predicted the index would climb up slightly to 83.

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Builder Confidence Hits Six-Month High

Builder Confidence Hits Six-Month High

The National Association of Home Builders' (NAHB) Housing Market Index (HMI) registered a score of 53 in the group's July survey, increasing four points from June. "This is the first time that builder confidence has been above 50 since January and an important sign that it is strengthening as pent-up demand brings more buyers into the marketplace," said NAHB Chair Kevin Kelly.

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Consumer Spending Sinks in June

Consumer Spending Sinks in June

In a survey of nearly 15,000 U.S. adults, Gallup found the daily amount spent by Americans was an average $91, down from a six-year high of $98 the month prior and about level with last year. The June record for average daily spending is $104, achieved in 2008. Gallup writer Rebecca Riffkin said June's average "suggests a mixed bag for the economy."

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