The S&P/Case-Shiller 20-city index rose 5.7% during the three months that ended in May compared to a year ago, but down 5.8% from the previous three month period. The broader national index rose 5.6% for the year in May, the same as in April. Seattle led, up 13.3% for the year and 1.8% for the month, followed by Portland, up 8.9% for the year and 1.3% for the month.
The Conference Board said its consumer confidence index rose to 121.1 this month from 117.3 in June. That exceeded the 116.9 expected by economists. That’s has only been exceeded by March’s 124.9. The present situation index that tracks how consumers view the economy now rose to 147.8 from 143.9. That’s the highest level since mid-2001. The future expectations index that tracks how consumers think the economy will perform in six month increased to 103.3 from 99.6.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
