More Good News on the Home Front!

by on May 22, 2009

Monday, May 4th, the Commerce Department released a report stating that spending increased 0.3% in March. Economists had predicted a drop of 1.5% so this was definitely good news.

Also, The National Association of Realtors reported it’s pending homes sales index increased 3.2% to 84.6 in March. This is the 2nd consecutive month of increase after the idex hit an all-time low in January 2009.

According to ICSC-Goldman Sachs index, retail sales rose 0.7% in the week ending May 2nd.

It gets even better because the Institute for Supply Management says that the index of non-manufacturing activity rose in April to 43.7% from 40.8% in March. Economists were predicting a modest increase to 42%.

The Mortgage Bankers Association reported an increase of 2% in applications received in the week ending May 1st.

And, according to the Federal Reserve, consumer debt fell 5.2% in March, to 11.1 billion. Economists had predicted that it would drop 3.5%.

So, as you can see, there are many reasons to be happy about spring!

Make it great!

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  • Abdoulie bah

    It really interesting that seem good news to the business well done Vickie.

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