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Consumer Confidence Shows Gains in December

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Consumer Confidence Shows Gains in December

The National Association of Home Builders recently released data showing the December measures in consumer confidence were on the rise after declines in previous months. The NAHB’s Consumer Confidence Index closed out 2013 with a 6.1 point bump in confidence levels. This rise brought December up to 78.1 points on the month-over-month seasonally adjusted scale.

Additionally, the NAHB surveyed consumer’s expectations for several sectors of the economy in the year ahead, including business and labor markets. They were asked whether they expected these market conditions to improve, worsen or be the same in six months.

Consumers were the most optimistic about the labor market, with a four percent increase in respondents expecting these market conditions to get improve, while 2.4 percent expected them to worsen.

Also, 5.8 percent of consumers reported plans to purchase a new home in the next six months, with three percent noting plans to purchase a ‘lived-in’ home.

Read the full article from NAHB here.

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