New Home Sales Collapsed In July As Consumer Confidence Hit 7-Month Lows

New Home Sales Collapsed In July As Consumer Confidence Hit 7-Month Lows The Conference Board's measure of Americans' Consumer Confidence fell from a revised-lower 90.2 to 89.4 in August (below the 90.2 exp) - the lowest since January. Interestingly, under the hood, we saw Expectations plunge to January lows while Present Situation spiked from 5 year lows... “Consumer confidence moderated slightly in August for a second consecutive month,” said Dana M Peterson, Chief Economist, The Conference Board. “The Expectations Index slipped further into negative territory, which was offset by a moderate rise in...