US housing costs rose to a different all-time excessive in July, primarily based on the S&P CoreLogic Case-Shiller Index, which rose 5% yr over yr. The July improve marks the 14th consecutive month of a report excessive for the Nationwide Index part. “Overall, the indices continue to grow at a rate that exceeds long-run averages after accounting for inflation,” says Brian Luke, an analyst at S&P Dow Jones Indices.US Client Confidence Index fell to a 3-month low in September. The decline highlights an ongoing slide within the index over the previous two years. “September’s decline was the largest since August 2021 and all five components of the Index deteriorated,” notes Dana Peterson, chief economist at The Convention Board. “Consumers’ assessments of current business conditions turned negative while views of the current labor market situation softened further.”
By James Picerno | September 25, 2024 | Remark
