The Conference Board (established in 1916) reported consumer confidence index fell to 50.4 in June, down from 58.1 in May, its lowest point since January and February 1992 (1985=100). Americans feared they might lose their jobs or be unable to find work. April - home prices in the steepest annual decline since 1988, according to Standard & Poor’s/Case-Shiller home price index; average home price fell 1.4% from March and 15.3% from a year earlier (worse than the 14.3% year-over-year drop recorded in March).
(The Consumer Confidence Survey is based on a representative sample of 5,000 U.S. households. The monthly survey is conducted for The Conference Board by TNS, world's largest custom research company. The cutoff date for June's preliminary results was June 18th.)
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