The consumer outlook for 2014 has improved! The Conference Board Consumer Confidence Index increased in March to 82.3 from 78.3 in February (1985=100). The monthly Consumer Confidence Survey is a probability-design random sample and provides information and analytics around what consumers buy and watch.
“Overall, consumers expect the economy to continue improving and believe it may even pick up a little steam in the months ahead,” said Lynn Franco, Director of Economic Indicators at The Conference Board.
The amount of consumers expecting an improvement in business conditions increased, as did their outlook for the labor market and those expecting more job opportunities in the months ahead. There was also an increase in the amount of people claiming business conditions are “good.”
The results from the survey have the potential to be beneficial for the real estate market. Happy consumers with positive outlooks, who have previously been tentative about dipping their feet in the housing market in a shaky economy, may be more willing to begin their search for a new home.
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