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Tag Archives: Leading Economic Index

Housing Outlook Stays Positive Despite Predicted Moderate Economic Expansion

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The predicted moderate economic expansion does not change the Conference Board’s outlook for housing, which is largely positive. Ozyildirim told DS News earlier in the week that, “The single family housing market seems to be heating up, despite some potential volatility. Construction companies and workers are busy while home prices and mortgage rates remain favorable.”

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Leading Economic Indicators Grow For Third Consecutive Month

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A popular index gauging leading U.S. economic indicators grew for a third straight month in November, signaling moderate economic growth as the year closes out. The Conference Board's Leading Economic Index (LEI) increased 0.6 percent in November to 105.5, the group reported. Released monthly, the index gauges the potential for future economic growth based on 10 leading components, including homebuilding permits, weekly initial unemployment claims, and average consumer expectations for business conditions.

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Economic Forecast Exceeds October Predictions

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The continuing improvement comes as consumers express a more optimistic outlook for the economy and their own finances. Last week, the University of Michigan/Thomson Reuters preliminary reading of consumer sentiment hit its highest level in more than seven years, spurred by improving labor conditions and cheaper gasoline prices.

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