Separate report on Pending Home Sales showed that pending home sales were mostly unmoved in November, but did squeak out a minor gain both on a monthly and annualized basis, according to the National Association of Realtors. The Pending Home Sales Index a forward-looking indicator based on contract signings, rose 0.2 percent to 109.5 in November from 109.3 in October. With last month’s modest increase, the index remains at its highest reading since June (110.0), and is now 0.8 percent above a year ago.
CB Consumer Sentiment slipped to 122.1
Consumer confidence fell in December, a month after hitting a 17-year high, but the level of optimism among Americans this year was the highest since 2000. The index slipped to 122.1 this month from a revised 128.6 in November, the Conference Board said Wednesday. Economists polled by MarketWatch had forecast the index to read 127.5. Americans were a little less confident in their outlook for jobs and business conditions. An index that measures future conditions dipped to 99.1 from 111.
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