Confidence among U.S. consumers rose more than projected in November, offering additional support to the biggest part of the economy. It was the third straight month of increases in consumer sentiment.
The Thomson Reuters/University of Michigan preliminary index of consumer sentiment climbed to 64.2 this month, the highest since June, from 60.9 in October. The median estimate of economists surveyed by Bloomberg News called for a reading of 61.5.
U.S. consumers are entering the holiday shopping season with a more optimistic outlook than they had a month ago, largely because of a recent decline in gas prices, according to the widely watched index.
Consumer Sentiment is very key to the housing industry. As consumers feel more confident in their expectations about the economy, they are more likely to finally make the move to purchase their next home
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