Consumer spending hits six year high in December

Consumer spending hits six year high in December

Consumer confidence hits five-year high in May. up from a rate of just 0.4 percent in the October-December quarter. The fastest expansion in consumer spending in more than two years drove.

Future plans of investors in private real estate First, get to know professionals in your industry, such as real estate agents, fellow investors, title companies, attorneys, and private investors. Many private lenders will come through referrals within your own real estate network. Second, it is a good idea to build your contact list from people outside of the real estate industry.

Americans’ spending heated up right along with the temperature to close out spring, hitting its fastest pace in six years last month. consumer spending rose 0.9 percent in May, surpassing analysts’ expectations and posting its biggest monthly increase since 2009, according to data released Thursday by the Commerce Department.

Consumer spending climbed 0.4% in December, capping off the biggest increase in household buying since 2011. Economists had forecast a 0.5% increase. americans were able to spend more last year partly because of rising incomes. They rose 0.4% in December and advanced 3.1% for the full year, the largest increase since 2015.

The sharp deceleration in consumer spending in December puts. which surged to a six-year high of $1.2 trillion in December from $961.3 billion in. It hit the U.S. central bank's 2 percent inflation target in March for the first.

Economic report: consumer spending hits 6-year high – as Americans cut savings to 12-year low Published by on January 29, 2018 | 0 Comment Americans capped off 2017 with a burst of holiday spending as an economic expansion closes in on its ninth year.

WASHINGTON – American consumers are the sunniest they’ve been in more than 15 years. The Conference Board said Tuesday that its consumer confidence index climbed to 113.7 in December. which hit a.

September Economic Index. Another record number for the index – 147.3, up from 146.7 in August and up from 144.2 from September of last year. “It’s great news for Lubbock,” said Chip.

Mortgage industry fights to keep 3.5% down payments Someone from the mortgage industry will say something like: "The way things are going now, I wouldn’t be surprised if the FHA raised their minimum down payment to 5% in the near future." While it’s true the FHA has made some changes to boost its capital reserves, higher down payments are not one of them.

US consumer spending rises, savings rate hits 12-year low.. The pace of US consumer spending cooled in December but continued to grow at a solid pace, while personal income was better than.

The biggest drivers of Father’s Day spending are growth in spending by consumers ages 35-44, and spending on clothing, special outings and gift cards. This year, 75.9 percent of people plan to celebrate and are expected to spend a record $138.97, up from last year’s $132.82, and up from $91 in 2009.

Freddie Mac: Servicers Need to Diversify Foreclosure, Bankruptcy Referrals Each Freddie Mac approved Servicer must comply with all applicable provisions in the Guide, and other purchase documents, as that term is defined in the Guide. This quick reference does not constitute as one of the purchase documents. The requirements and guidelines in this quick reference are subject to change at any time by Freddie Mac.

U.S. consumers’ reports of daily spending spiked in May, averaging a six-year high of $98. This is up $10 from April, and an $8 increase from one year ago. Last month’s figure represents the best spending average for May since 2008.

Comments are closed.