Consumer Spending Rises

Consumer spending increased in November for the fifth month in a row, according to Reuters. The article concludes that “with the economic outlook brightening, consumers’ mood is also perking up.” This follows on the heels of other positive economic news: new home sales rose last month, new claims for jobless benefits dipped last week, and there have been more orders for manufactured goods.


Related Posts:

  • Positive year-end news: existing home sales rise Sales of existing homes rose 5.6% in November, according to articles in the Wall Street Journal and NPR online today. “Sales have now risen in three of the past four months,” writes Mark […]
  • Why Housing is Rebounding What a way to start December! Despite what industry naysayers have predicted... the market took a big turn for the better. Now, one week does not a stock market make, but consider the […]
  • Proof on the Horizon for the Housing Market This week we screened a wealth of industry data metrics that gives us confidence that the worst for the housing industry is behind us. An optimist by nature, I can’t afford  to be […]