News

Issues and events that shape Long Island's economic and legislative landscape.

Friday, October 31, 2014

LIA Chief Economist on new home sales and consumer confidence

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LIA Chief Ecoomist statement on new home sales and consumer confidence

"Today's news of soaring new home sales-- at a six year high-- and rising consumer confidence suggests that the housing market is recovering well and that consumer spending will be strong.  The housing results in particular may signal a rebound on Long Island as well, where home sales have slowed considerably in recent months," said John Rizzo, LIA Chief Economist.