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consumer confidence: Economic Update In Plain English - 12/5/2011 - 12/05/11 10:27 AM
 
Last Week in the News
New home sales rose 1.3% in October to a seasonally adjusted annual rate of 307,000 units from a revised rate of 303,000 units in September. Compared to a year ago, new home sales were up 8.9%.
The Standard & Poor's/Case-Shiller 20-city housing price index — on a non-seasonally adjusted basis — fell 0.6% in September after a 0.1% increase in August. On a year-over-year basis, prices fell 3.6% compared with September 2010.
The consumer confidence index rose to 56 in November from 40.9 in October, the largest gain since April 2003. The index was benchmarked … (0 comments)

consumer confidence: Economic Update - Re-cap In Plain English ~ 04/05/2010 - 04/05/10 08:06 AM
Last Week in the News
The Commerce Department reported that consumer spending rose $34.7 billion or 0.3% in February, matching what economists had anticipated. Personal income increased $1.2 billion or less than 0.1%.
The Standard & Poor’s/Case-Shiller 20-city housing price index rose a seasonally adjusted 0.3% in January. It was the eighth consecutive monthly gain and follows a 0.3% increase in December.
The consumer confidence index rose to 52.5 in March from a slightly revised 46.4 in February. Economists had anticipated a reading of 50. The index was benchmarked at 100 in 1985, a year chosen because it was neither a … (4 comments)

consumer confidence: Economic Update - Re-Cap in Plain English ~ 01/04/10 - 01/04/10 11:59 PM
 
Last Week in the News
U.S. retail sales rose 3.6% from November 1 through December 24, according to MasterCard Advisors’ SpendingPulse, which estimates all forms of payment including cash. Online sales jumped 18%, consumer electronics increased 5.9% and jewelry sales rose 5.6%. Economists had anticipated overall retail sales to remain flat.
The Standard & Poor’s/Case-Shiller 20-city housing price index rose a seasonally adjusted 0.4% in October. It was the fifth consecutive monthly gain and follows a 0.2% increase in September. The index is now up 3.4% from its bottom in May. On a year-over-year basis, the gauge was down 7.3% … (0 comments)

consumer confidence: Economic Update - Re-Cap in Plain English ~ 11/02/2009 - 11/02/09 10:15 AM
Last Week in the News
The Commerce Department announced that gross domestic product — the total output of goods and services produced in the U.S. — increased at an annual rate of 3.5% in the third quarter of 2009. The rebound ended four consecutive quarters of contracting economic activity, the longest period of decline since quarterly records began in 1947.
The Conference Board reported that its consumer confidence index fell to 47.7 in October from a revised 53.4 in September. Economists had expected a reading of 53.5. The index was benchmarked at 100 in 1985, a year chosen because it was … (1 comments)

consumer confidence: Economic Update - Re-Cap in Plain English ~ 08/10/2009 - 08/11/09 09:51 PM
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consumer confidence: Economic Update - Re-Cap in Plain English ~ 08/03/2009 - 08/03/09 09:23 AM
 
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consumer confidence: Economic Update - Re-Cap in Plain English ~ 07/06/2009 - 07/06/09 10:15 AM
Last Week in the News
On Tuesday, June 30, the Conference Board reported that its consumer confidence index fell to 49.3 in June from a slightly revised 54.8 in May. Economists had expected an increase to 55. The index was benchmarked at 100 in 1985, a year chosen because it was neither a peak nor a trough in consumer confidence. The Standard & Poor’s / Case-Shiller 20-city housing price index dropped 18.1% from April 2008 to April 2009. It was the third straight month the index didn't post record drops, indicating that the slump in home values might be easing. The … (0 comments)

 
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Julie Chroust, NMLS# 249458, Direct Lender & Mortgage Banker

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