Often cited as one of the primary factors behind the slow pace of the housing market’s recovery, consumer sentiment hit a five-month high in November after rising for the third month in a row. The Thomson Reuters/University of Michigan consumer sentiment index rose to 64.2 from 60.9 the previous month. The survey’s gauges measuring consumer expectations and view of current economic conditions both rose, though the view of current conditions remains more pessimistic than expectations for the year ahead. The improvements in the public’s view of the economy and their personal finances rose above economists’ expectations. More here.
