New Home Sales Exceed Analyst Expectations
On April 25, The Conference Board released CB Consumer Confidence report for April. The report indicated that Consumer Confidence declined from 104 to 101.3, compared to analyst consensus of 104.
The Conference Board commented: “Consumers became more pessimistic about the outlook for both business conditions and labor markets. Compared to last month, fewer households expect business conditions to improve and more expect worsening of conditions in the next six months.”
Traders also had a chance to take a look at the New Home Sales report for March. The report showed that New Home Sales increased by 9.6% on a month-over-month basis, compared to analyst consensus of +1.1%.
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