The Conference Board

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Consumer Confidence Down In August

Consumer confidence slid 6.2 percent in August, fueled largely by the subprime crisis and its negative impact on stock prices, according to The Conference Board, a New York-based business research group. The news sent the stock market on a slide today, as the Dow Jones industrial average dropped more than 100 points by the late morning. More

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Log the housing industry's extraordinary performance in 2005 ahead of 2004. Then... More

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Vital Signs: Divided Attention

While consumers may not be as sensitive to rate increases as expected, they are still watching those numbers closely. As interest rates rose steeply in early September, enthusiasm for home buying cooled a touch. According to preliminary numbers from New York-based research firm The Conference Board's Consumer Confidence Index, the percentage of consumers planning to buy a home in the next six months slipped slightly, to 2.9 percent. Just one-tenth of a point below the readings in June (a banner month for housing), the figure was still the lowest since 2000. The major culprit? "I think it's the rates," says Lynn Franco, director of The Conference Board's Consumer Research Center. At the time, mortgage rates had spiked as high as 6.44 percent on a 30-year loan after a summer of financing bargains. More

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Compensation for construction company CEOs rose 31.6 percent--the most of 14 industries surveyed--between 2000 and 2001, according to a survey by The Conference Board. More

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Vital Signs: Steady Spenders

For a year, consumers have tossed life preservers to a storm-tossed economy. "Despite the declines in consumer confidence, it's still at a level that supports spending," says Lynn Franco, director of the Consumer Research Center at the Conference Board, a research organization in New York that produces a monthly consumer confidence index. More

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