In the News Last week started off with news that consumer confidence had rebounded in July. The Conference Board’s Consumer Confidence Index, which had dropped in June, increased to 59.5 for July (1985=100), up from June’s 57.6; however, consumer sentiments for the month were a mixed bag. The Present Situation Index, how consumers feel [...]
Economic Forcast for the week of July 25,2011
In the News Last week presented a mixed bag of real estate news with a dip in existing home sales for June, but increased activity in new home permits and construction. Starting with existing homes, sales of single-family houses, townhomes, condominiums and co-ops dropped 0.8 percent in June to an annual rate of 4.77 million [...]
Ecomonic Forcast for the Week of June 20, 2011
In the News Retail sales for May appeared to take a slight dip, marking the first drop in U.S. retail performance in 11 months. Advance estimates for May’s retail sales dipped to $387.1 billion, a decrease of 0.2 percent from April, according to the latest figures released by the Census Bureau last week. That [...]