Feeling like things are getting a little better? Read on…
|Consumer Confidence at Highest Level in Over a DecadePosted: 10 Feb 2015 04:00 AM PST
Two recently released reports reveal that the American public is starting to feel much better about the U.S. economy. The University of Michigan’s Surveys of Consumers showed that:
Here is a chart showing results over the last decade:
As all consumers are feeling more optimistic, more young adults are moving out of their parents’ basements and into a residence of their own. The recent Census report shows that new household formations skyrocketed in 2014. Below is a chart showing the historical significance of the numbers:
The economy is definitely improving and, more importantly, the American consumer is beginning to feel much more confident. This should lead to a very robust real estate market in 2015.
Courtesy of the KCM BLOG