Consumer Sentiment Surges, Biggest Gain Since 2005
Growing optimism about the economic outlook, confidence that inflation will decline, and good sentiment about the current situation have fueled a sharp rise in U.S. consumer sentiment as the new year begins. The University of Michigan Consumer Confidence Index rose 9.1 points to 78.8, the largest monthly increase since 2005. This followed a strong rise […]
Homebuilder sentiment surges amid sharp drop in mortgage rates
In “Kabuto: Coast to Coast,” Redfin CEO Glenn Kelman analyzed the state of the housing market after mortgage rates soared above 7%. Trust among builders US housing market January was the second straight month of increases as high mortgage rates continued to fall. National Association of Home Builders/Wells Fargo Housing Market Index. Single-family housing market, […]