September Consumer Sentiment reached a 14-month high, driven by favorable prospects for the US economy and personal income expectations. Thomson Reuters/University of Michigan reported that consumer sentiment reached 84.6 in September, up from 82.5 at the end of August.
The September index reading was the second highest in the past seven years, and boosts prospects for new home construction. Rising consumer confidence has been linked to rising home furnishing and appliance purchases.
View this original post on NAHB’s blog, Eye on Housing.