PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: American Spirit who wrote (478336)	10/19/2003 9:21:39 PM
From: Hope Praytochange	Read Replies (1) of 769667

On Friday Residential Construction rose to 1.89 million units amid another spurt in buying prompted by last months temporary dip in interest rates. This is a huge number for this late in the cycle and only 2,000 away from the record June rate. Building permits declined slightly as we near the fall weather slow down. The new highs in the market helped boost Consumer Sentiment to 89.4 from 87.7 in September. Both current conditions and expectations rose with present conditions soaring to 102.2. This is a very strong survey and represents a widespread feeling of economic improvement by consumers. Despite the war, yes it is still underway, unemployment and rising energy prices the average consumer feels pretty good about the future. The market is strong, interest rates although higher are still very low and you have dozens of talking heads on daily TV talking about the economic recovery and +6% GDP. The yellow brick road could need to be widened if this euphoria gets any stronger.

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