A measure of American consumer confidence recorded its biggest increase since April 2003. The survey found fewer Americans, 44.7%, reporting that jobs were “hard to get” than in previous months. However, only 5.5% said they intended to buy a car and 2.3% planned to buy a home.
Sales of existing homes in America rose by 2.9% in April, but were 3.5% below what they were in April 2008, according to the National Association of Realtors. Most of the uptick in sales took place in lower price ranges as more foreclosed homes came on the market.
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