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Wednesday, March 29, 2017

Economy Bytes


Consumer Confidence Jumps to Highest Since December 2000
The Consumer Confidence Index improved significantly in March, landing at 125.6 -- up from February's reading of 116.1 and reaching the highest level since December 2000, the Conference Board said yesterday.

The sharp rise was attributed to "much greater optimism regarding the short-term outlook for business, jobs and personal income prospects... and their renewed optimism suggests the possibility of some upside to the prospects for economic growth in the coming months," said the Conference Board's Lynn Franco. Read more.




Home Price Growth Reaches Three Year High 
 
Home price growth in 20 major metro areas continued to rise in January with year-over-year growth at 5.9 percent, up 0.2 percent from the month prior, according to the Standard & Poor's/Case-Shiller Home Price Index released yesterday. Prices have grown at a rate of 5 percent or higher since early 2015. Thirteen cities reported increases from December. Year-on-year growth was reported in twelve cities, with the highest growth seen in Portland, Seattle and Denver. Read more

--ABA Daily Newsbytes

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