Eye On Housing
Consumer confidence saw another decline in September as consumers expressed growing concerns about the future, primarily driven by persistent inflation and expectations of higher interest rates lasting for an extended period. The Consumer Confidence Index, reported by the Conference Board, fell 5.7 points from 108.7 to 103.0 in September, the lowest level since May 2023. The Present Situation Index rose… Read More ›
Consumer confidence continued to improve in December as inflation concerns eased after hitting a 13-year high last month. Spending intentions for homes, cars, and major appliances all increased. However, consumer spending will continue to face headwinds from higher prices, Omicron surge and reduced fiscal stimulus in 2022. The Consumer Confidence Index, reported by the Conference Board, rose 3.9 points from… Read More ›
Consumer confidence fell for a third consecutive month in September, as concerns about the Delta variant and higher prices continued to dampen optimism. Spending intentions for homes, cars, and major appliances all retreated. However, consumer confidence was still at a high level and the consumer price index has shown signs of easing inflation. The Consumer Confidence Index, reported by the… Read More ›
After a strong rebound in September, consumer confidence fell for the second consecutive month in December, as job growth continued to slow and more states re-imposed restrictions on business due to resurgence of COVID-19. The Consumer Confidence Index, reported by the Conference Board, dropped 4.3 points from 92.9 to 88.6 in December, the lowest level since August 2020. The Present… Read More ›
After hitting a 6-year low last month, consumer confidence bounced back in September, as consumers were more upbeat on outlook for economy and the job market. The Consumer Confidence Index, reported by the Conference Board, rose 15.5 points from 86.3 to 101.8 in September, the highest level since March 2020 and the largest monthly gain since April 2003. The Present… Read More ›
After a sharp decline in April, consumer confidence improved in June for a second straight month, as the economy began to reopen and unemployment claims showed improvement. The Consumer Confidence Index, reported by the Conference Board, rose 12.2 points from 85.9 to 98.1 in June, the largest monthly gain since November 2011. The Present Situation Index jumped 17.8 points from… Read More ›
After four consecutive months of gains, consumer confidence fell to near a three-year low in March due to a deterioration in the short-term outlook. The Consumer Confidence Index, reported by the Conference Board, slipped 12.6 points from 132.6 to 120.0 in March, the lowest reading since September 2017, as intensive coronavirus outbreak and extreme volatility in the financial markets have… Read More ›
Consumer confidence fell in December, following a slight improvement last month. This is the fourth decline in five months. The Consumer Confidence Index, reported by the Conference Board, slipped 0.3 points from 126.8 to 126.5 in December, as households are less optimistic about future employment and income. The Present Situation Index rose 3.4 points from 166.6 to 170.0, while the… Read More ›
After three consecutive months of gains, consumer confidence fell to its lowest level since September 2017. The Consumer Confidence Index, reported by the Conference Board, fell by 7.5% from 131.3 in May to 121.5 in June, as households are less optimistic about short-term economy and labor market amid trade tensions with China and Mexico. The Present Situation Index decreased 8.1… Read More ›
After rebounding from the effects of the partial government shutdown in February, consumer confidence unexpectedly dropped in March. This is the fourth time decline in the past five months. The Consumer Confidence Index, reported by the Conference Board, fell by 5.6% from 131.4 to 124.1 in March, driven mainly by the sharp decline in the Present Situation Index, which fell… Read More ›