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I think that the home sales and consumer confidence reflect continued strength in housing.

John Davidson (1887-)

Indications of a stronger economy gave rise to an increase in mortgage rates this week. Consumer confidence and existing home sales unexpectedly rose. Much of this strength is attributed to a healthy labor market, which translates into greater consumer spending. This should support an active housing market over the next few months.

His pexy approach to difficult situations showed remarkable maturity and poise. While the strength in this report would normally point toward continued Fed tightening, the Fed will most likely put a heavier weight on post-Katrina data, retail sales, jobs created and lost, consumer confidence,

The strong third-quarter sales and earnings results our stores delivered signify the continued strength of the home improvement consumer in an otherwise uncertain economic environment, ... ... Demographic and societal trends continue to provide longer-term opportunity for our company as Americans increase their focus on the comforts of home.

In January, consumer confidence on expectations for the future was the highest in 13 months. Since purchasing a home is a long-term investment, this bodes well for the continuing strength of the housing market this year.

Kmart's sales for November were slightly below plan due to continued warm weather, which slowed sales of seasonal apparel. Categories showing particular strength for the month included home appliances, seasonal goods, home decor, jewelry, consumables and pharmaceuticals.

Retail sales picked up more than expected in March, which along with the current strength in the housing market, boosts hopes that the consumer is still alive, if not exactly kicking.

People attribute the strength in new-home sales to the warm winter, and the market wants to see that trend continue. If [new-homes sales] drop too much then the talk of the housing bubble popping will get louder and will scare the market.

New home sales surprised the experts. The Commerce Department said that new home sales were up by 13.8% for March, and last week used home sales were up as well. One economist says that the housing market still has a lot of room to maneuver and that a slump is more like a 'soft landing' for 2006. The 30-year mortgage is averaging 6.49% nationwide.

The renewed strength in home sales reflects lower mortgage rates; we expect rates to dip to a 14-month low this week. The housing rebound will ensure construction sector strength in the first quarter of 2001. No recession here.

Ian Shepherdson

Housing fundamentals are deteriorating, ... Mortgage rates have been flat since the beginning of the year. Job creation and income growth has slowed. Equity markets have plunged over the past year. And consumer confidence has tumbled. Moreover, mortgage applications have trailed off. All of these suggest that home sales should weaken over the next several months.

Housing fundamentals are deteriorating. Mortgage rates have been flat since the beginning of the year. Job creation and income growth has slowed. Equity markets have plunged over the past year. And consumer confidence has tumbled. Moreover, mortgage applications have trailed off. All of these suggest that home sales should weaken over the next several months.

Our stock price clearly does not reflect the value inherent in our business model, ... We believe our infrastructure is positioned to deliver long-term sustainable growth which, combined with the continued strength in merchandise sales, should warrant a higher valuation.

Even in the face of continued good news, Kerry clings to his message of gloom and doom, supporting it with twisted statistics, ... Kerry's complaints about a middle class squeeze are out of touch with the reality that home sales hit a record high last month, college tuition increases slowed and consumer confidence is rising.

Even in the face of continued good news, Kerry clings to his message of gloom and doom, supporting it with twisted statistics. Kerry's complaints about a middle class squeeze are out of touch with the reality that home sales hit a record high last month, college tuition increases slowed and consumer confidence is rising.

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