Consumer Confidence Falls; So Do Sales of New Homes
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Consumer confidence slid in June amid concern that high gasoline prices and a slumping housing industry might be undermining the job market.
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U.S. consumer confidence retreated in August while Chicago-area business activity slowed, according to reports on Tuesday that added to worries the economy's patch of slow growth may last beyond the summer.
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There's an anxious face-off between sellers and buyers of homes as expectations of big profits fade
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Sales of new U.S. homes tumbled at the sharpest rate in more than a decade in November, the government said on Thursday, but a separate report showed  consumers' mood still buoyant as a close to 2004 neared.
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US consumer confidence hasdropped to its lowest levels since the middle of the northern summer amid worries about high energy prices, uncertainty about the labor market and anxiety
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Retail sales were weaker than expected in August; confidence wanes.
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Sales of existing U.S. homes slipped  in May, another sign of a gradually cooling housing market as  mortgage rates rise, while consumer confidence rose slightly in  June, according to reports on Tuesday.
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U.S. consumer confidence fell in  November as Americans grew more pessimistic about the job  market, a survey showed on Tuesday.
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Sales of new U.S. homes tumbled at  the sharpest rate in more than a decade in November, the  government said on Thursday, but a separate report showed   consumers' mood still buoyant as a close to 2004 neared.
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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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A perceived weakening of economic growth and employment prospects hurt US consumer confidence in June.
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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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U.S. consumer confidence fell in November as Americans grew more pessimistic about the job market, a survey showed on Tuesday.
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Sales of new U.S. homes tumbled at  the sharpest rate in more than a decade in November, the  government said on Thursday, but a separate report showed  consumers' mood still buoyant near the end of 2004.
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US consumer confidence sank in August while Chicago-area business activity slowed, according to reports on Tuesday that added to worries the economy&#39;s patch of sluggish growth may last beyond the summer.
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Sales of new US homes fall 23%, in the latest indication of the downturn in the housing market.
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Some investors appeared to be betting that more rate cuts would be needed after reports provided fresh evidence that consumer spending is slowing and confidence is ebbing.