A new survey shows that more Americans are feeling confident about their personal finance situations. How do you feel?
This year could be a good one for remodeling activity and new-home construction.
Economic fears and building costs tamped down expectations for new home construction.
Older homebuyers are giving builders a boost in confidence.
The latest monthly survey shows builder confidence is soaring.
Labor and supply costs are aiding a loss of confidence among home builders.
The bull stock market is delivering a dose of confidence to the rich.
Is the improving housing market enough to spur consumer spending?
When it comes to consumer confidence in an improving economy, much depends on your personal situation and where you live (especially as it relates to housing and jobs). Though the stock market rally is increasing individual wealth for investors — on paper at least — a strong economy is key for those seeking to amass wealth the traditional way — by building a business.
So what do the numbers tell us? Signs of an improving economic environment include a drop in claims for unemployment benefits, which is leading to a rise in consumer confidence not seen since before 2008. Retail spending also ticked up 1.1 percent in February.
Home builder confidence in new, single-family homes soared to its highest point in four years, according to the National Association of Home Builder’s survey. But it’s still well below what’s considered positive. The monthly index on builder sentiment rose 4 points to 29, its highest point since 2007. Fifty is the point between positive and