Home sales, consumer confidence fall sharply
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Consumer confidence fell more sharply than expected in September while the pace of existing home sales slowed in August, according to reports released on Tuesday that supported the view that the Federal Reserve would soon cut benchmark interest rates again.
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The High Street perked up in September,   but consumer confidence is falling as a result of higher interest rates and concerns over the housing market,  figures reveal.
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Confidence among US home builders dropped to a 15-year low this month as sales slowed and profits dropped, according to a private survey released Monday.
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Crumbling consumer confidence and slumping home sales could prove to be a bad combination for retailers, and for the broader economy going into the holiday shopping season
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The confidence of US consumers worsened in November, a research firm said Tuesday, with the number falling below Wall Street&#39;s expectations.
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Consumer sentiment took its sharpest plunge in nearly two years during August while home prices swooned in the second quarter, according to reports that show the housing crisis taking its toll.
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New home sales in May fell more than expected while consumer confidence in June hit a 10-month low amid worries about jobs and the business climate, adding to signs of sluggish economic growth this year.
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U.S. consumer confidence fell sharply  in August, breaking four straight months of gains, as a  slowdown in job creation and rising oil prices weighed on  sentiment.
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Consumer confidence in the United States declined unexpectedly in September as more Americans worried about jobs. Tuesday&#39;s report from a private research group, the Conference Board, says an index of consumer
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Small businesses are losing  confidence in the U.S. economy and have little hope a spate of  interest rate cuts or economic stimulus measures will do much  to boost sales, according to a survey released on Tuesday.
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Worries over deteriorating business conditions and a weakening job market pushed the Consumer Confidence Index lower, a business research group said.
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Stocks took a dive in morning trading today after the release of fresh housing data and a report showing turmoil in the financial markets had sharply reduced consumer confidence in August.
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The housing market took a sharp turn for the worse in September as prices tumbled and sales of previously owned homes fell to a record low, battered by rising foreclosures and tighter lending standards.
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Shares of U.S. home builders slid on  Friday after market leader D.R. Horton Inc.  slashed its  forecast and a report showed consumer confidence was eroding.
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The number of U.S homeowners that thought their homes increased in value has dropped sharply over the last two and a half years, according to a Reuters/University of Michigan survey published on Friday.
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November sales of new US homes fall much more than analysts expected, raising concerns about the economy.
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Consumer sentiment fell further than  expected in late October to its lowest in more than a year as  concerns about the housing slump darkened the economic outlook,  a survey released on Friday showed.