According to research by Conference Board Consumer Confidence Index, the rating reached 92.4, the highest level in seven years. Job growth led to the optimism.
Consumers stating jobs are “plentiful” increased to 18.2 percent from 15.6 percent. Consumers who believe jobs are “hard to get” declined marginally to 30.6 percent from 30.9 percent.
Consumers who believe business conditions are “good” increased to 23.9 percent. Consumers feeling business conditions are “bad” lowered to 21.5 percent.
This is reflected in the housing market in Southwest Florida. Single Family Home sales in Port Charlotte, Punta Gorda and north through Venice and Sarasota are growing and prices are increasing at a moderate level. Foreclosures are down and sales are growing at a safe level. The rental market is the disappointing area. Affordable rentals are still in short supply.