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Confidence jump with housing points to U.S. growth: Economy

Posted on 27 February 2013

Purchases of new homes surged in January by the most in two decades and consumer confidence jumped this month, signs of a rebound in U.S. economic growth at the start of 2013.
Home sales surged 15.6 percent to a 437,000 annual pace, exceeding the highest forecast in a Bloomberg survey and following a 378,000 rate in the prior month, figures from the Commerce Department showed today in Washington. The Conference Board’s consumer sentiment index climbed to 69.6, also beating all estimates in a Bloomberg survey………………………………………..Full Article: Source


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