Employment Sentiment Buoys Consumer Sentiment Results

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Posted To: MND NewsWire

Consumers appear to be increasingly upbeat about their jobs and their income, but dramatically less so about getting involved in the real estate market. After two months of depressed results, Fannie Mae’s Home Purchase Sentiment Index (HPSI) gathered some oomph, rising 1.5 points to 88.0. The Index, based on responses to the company’s National Housing Survey (NHS), rose despite continued negative sentiment in its housing components. The net share of Americans who told survey takers they are not concerned about losing their jobs jumped 15 percentage points in August, more than recovering from an 11 point plunge in July and reaching a new survey high. Only 10 percent of respondents expressed any job insecurity. The net share of respondents who said their income has increased significantly...(read more)

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