Housing Sales Strong As Consumer Confidence Drops
While the consumer confidence index dropped this month, housing sales continued to be strong.
"Consumer confidence unexpectedly slumped this month, but housing was a surprise bright spot in the economy in October, reports showed today... In housing, sales of existing homes surged a larger-than-expected 5.5 percent in October, to an annual pace of 5.17 million units from a 4.9 million rate in September, the National Association of Realtors said."
Thanks to Abhijeet Chavan
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Published on Wednesday, November 28, 2001 in
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