Confidence among U.S. consumers declined in July from a five-year high as higher borrowing costs and gasoline prices tempered Americans’ outlook for the economy, even as their assessment of current conditions improved.
Builders began work on more houses in February and permits for future construction climbed to the highest level in almost five years, pointing to a sustained rebound that will help power the U.S. expansion.
Aug. 21 (Bloomberg) -- Anika Khan, a senior economist at Wells Fargo Securities LLC, talks about the outlook for the U.S. housing market and economy. Khan speaks with Tom Keene and Sara Eisen on Bloomberg Television's "Surveillance." (Source: Bloomberg)