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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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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Consumer confidence dropped to its lowest levels since midsummer amid worries about high energy prices, uncertainty about the labor market and anxiety about making major purchases like a car or a home.
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Stocks fell on Monday as a larger-than-expected decline in new home sales in December added to worries about the impact of a weak housing market on the economy.
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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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Investor confidence in the economy deteriorated in August to its lowest level in a year, as the growing housing turmoil compounded worries over high energy prices, a survey showed on Monday.
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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.
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US consumer confidence fell sharply in August, breaking four straight months of gains, as a slowdown in job growth creation and rising oil prices weighed on sentiment.
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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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Consumers have been rattled this month by a surge in gasoline prices, a weakening job market and signs that the housing market is skidding.
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The housing market plunged deeper into despair last month, with sales of new homes plummeting to their lowest level in more than 12 years.
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Consumer confidence weakened in August as volatile financial markets and housing problems took a toll, a private research group said Tuesday.
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Worries about job prospects sent consumer confidence in the United States to a seven-month low in October, its third consecutive monthly decline.
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Consumer confidence, which had been on the rise since April, declined unexpectedly sharply in August, a private research group said today.
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Consumers put away their wallets in June, sending retail sales plunging by the sharpest amount in nearly two years. Sales of autos, furniture and building supplies all fell, highlighting the economy's weak spots.
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Consumer confidence fell sharply in both Massachusetts and the nation in October, weighed down by concerns about jobs, rising energy costs, and the strength of the economic recovery.
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Confidence among US home builders fell this month to the lowest since February 1991 as interest rates climbed and delinquencies surged.