Consumer confidence hit a six-year high in February, and home prices in 20 cities rose 0,8 percent, the New York Times reported today.
The Conference Board said consumer confidence rose to 82.3 in February, up from 78.3 the month before.
The home price report is based on the latest Standard and Poor's/Case-Shiller index.
"The house price gains, driven by a shortage of homes for sale, are bolstering household wealth and helping support consumer spending," The Times reported.
For more: http://kenallensforum.blogspot.com/2014/03/improved-economic-sectors.html
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