The University of Michigan confidence index jumped to 78.6 in March from a preliminary reading of 71.8.
Economists expected the index to read 72.6 this month.
The University of Michigan confidence index jumped to 78.6 in March from a preliminary reading of 71.8.
Economists expected the index to read 72.6 this month.
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.