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Home | Tag Archives: Consumer Confidence

Tag Archives: Consumer Confidence

Consumer Sentiment Strong; Attitudes Positive Toward Wage Gains, Homebuying

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*+-While consumers remained positive toward homebuying conditions in the latest survey, the reason for the positive outlook has shifted – prospective homebuyers are now dependent on low mortgage rates as opposed to low home prices. In Q1 2015 surveys, the percentage of consumers citing low home prices was at its lowest level since 2006, while the percentage of consumers who cited low mortgage rates was at a 10-year high.

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Economic Momentum Drives Consumers’ Optimism Toward Housing Market

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*+-The share of respondents in Fannie Mae's survey who said their household income is "significantly higher" than it was a year ago climbed 4 percentage points to a survey high of 29 percent, the company reported. Looking ahead, 48 percent said they expect their finances to improve in the next year, also a survey high. Overall, 44 percent of Americans said they believe the economy is on the right track, an increase of 3 percentage points and only a few points less than those saying the economy is headed the wrong way (49 percent). That optimism spurred 66 percent of those surveyed to say they would buy a home if they had to move, a jump from 61 percent at the end of 2014.

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Brighter Outlook for Economy, Job Market Push Consumer Confidence to Seven-Year High

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*+-The survey's index measuring sentiment about present-day conditions rose more than 10 points from December, hitting 112.6, the Conference Board said. The number of respondents saying business conditions are currently good rose nearly four points to 28.1 percent, while the share of those saying jobs are plentiful climbed nearly three points to 20.5 percent.

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Fueled by Lower Gas Prices, Consumer Sentiment Reaches Highest Level in a Decade

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*+-According to the group conducting the confidence survey, January's increase—which lifted the index to its highest level since 2004—was driven by an improvement in personal finances, with more consumers reporting increases in household income than any time in the past decade. They're also more optimistic about the labor outlook as job growth continues on a steady track.

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Consumer Confidence Takes Downward Turn in November

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*+-According to the Conference Board, consumers in the latest survey were less optimistic about the labor market outlook, reflected in a decline in the share of respondents expecting more jobs in the next six months and an increase of more than 2 percentage points in the share expecting fewer jobs.

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