Housing Sales Strong As Consumer Confidence Drops

While the consumer confidence index dropped this month, housing sales continued to be strong.

1 minute read

November 29, 2001, 7:00 AM PST

By Abhijeet Chavan @http://twitter.com/legalaidtech

"Consumer confidence unexpectedly slumped this month, but housing was a surprise bright spot in the economy in October, reports showed today... In housing, sales of existing homes surged a larger-than-expected 5.5 percent in October, to an annual pace of 5.17 million units from a 4.9 million rate in September, the National Association of Realtors said."

Thanks to Abhijeet Chavan

FULL STORY: Confidence Index Drops, but Housing Sales Rise

Wednesday, November 28, 2001 in The New York Times

Housing United States

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