Consumers Are Rebounding

In US News and World Report, Simon Constable lists five reasons to bet on a consumer rebound: tepid spending (so far), improving consumer confidence, improving consumer confidence, warmer housing market and the wealth effect.

Warmer housing market. The other thing associated with rising consumer spending is home prices, says Eddy Elfenbein, author of the Crossing Wall Street blog.

That too has been doing well. The S&P CoreLogic Case-Shiller 20-City Composite Home Price index has been steadily rising since March 2012. It measures prices changes for residential real estate across major U.S. cities.

I’d also add the decent retail sales report from last week.

Posted by on October 18th, 2016 at 12:45 pm


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