| The KUIK Market Update for Tuesday, July 29: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 45 | points | 17,027 | 7:54 AM | ||
| S&P500 | Up | 0.2% | percent | 1,982 | 2.92 | ||
| Nasdaq Composite | Up | 0.4% | percent | 4,464 | 18.86 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.24 | Annual Yield | ||
| The U.S. consumer confidence index jumped to 90.9 in July, marking the highest level in seven years, up from a revised 86.4 in June, according to the Conference Board. Economists expected a drop to 85.0. Both the present situation and the future expectations indices rose . Strong job growth and increased personal incomes drove the gain in expectations. | |||||||
| Homeownership in the US fell in the second quarter to the lowest level since the third quarter of 1995, suggesting many Americans are becoming renters. The Commerce Department reports the homeownership rate fell to a seasonally adjusted 64.8% down from 65.0% in the first quarter. The residential rental vacancy rate dropped to 7.5% in the second quarter, the lowest level since 1997 but below the peak of 11.1% hit in 2009. The median monthly rent was $756, up from $735 one year ago. The homeownership rate among those under 35 usually first time homebuyers was 35.9% in the second quarter, down from 36.7% a year earlier. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-confidence-hits-highest-level-since-october-2007-2014-07-29?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/us-homeownership-at-18-year-low-in-second-quarter-2014-07-29 | |||||||
| For today’s Market Update Report click to listen-> | |||||||