Sales of new single-family homes in the U.S. dropped by 8.1 percentage points in June according to Census Bureau’s data, plunging hopes that the housing market might avoid an imminent slowdown on the same day as new statistics reveal July’s consumer confidence also fell more than expected. New home sales had seen a modest increase […]
Tag: consumer confidence
No election fears: Consumer confidence hits 9-year high
Consumer confidence rose in September to its highest level since August 2007 — before the Great Recession. The data, released Tuesday by the Conference Board, a business association, helps dismiss arguments that the uncertainty of the election is weighing down Americans’ perception of the economy, said Paul Ashworth, chief U.S. economist at Capital Economics, a […]