On Tuesday the Conference Board reported the Consumer Confidence Index for August. The index rose and consumers were quite optimistic about both the current situation and the near term outlook.
The Consumer Confidence Index rose to 101.1, from 96.7 in July. The present situation index rose to 123.0, from 118.8, and the expectations index increased to 86.4, from 82.0.
Read more at NAHB Eye On Housing