Consumer confidence climbed to a more than seven-year high in November as Americans' views of their financial well-being improved heading into the holiday shopping season.
Sales of new U.S. single-family homes rose for a third straight month in October, but a downward revision to the prior month's sales pace indicated the housing market recovery would remain gradual.
WASHINGTON�U.S. consumer spending was muted and business investment weak in October, suggesting a mild slowdown in the last quarter of the year following two quarters of robust economic growth.
Contracts to purchase previously owned homes unexpectedly dropped in October as tighter credit and weak wage gains held back would-be buyers.
The number of Americans filing new claims for unemployment benefits rose to the highest level since September, while durable goods order for October unexpectedly rose.