From CNN:
New home sales soar: March gain of 13.8% the biggest in 13 years
Existing home sales also rose.
[National Association of Realtor’s chief economist David] Lereah expects 2006 to be the third strongest year on record for home sales.
And this:
Dow near fresh 6-year high
…”All indicators are pointing to strong economic growth. That’s got people excited, especially in an environment of high commodity prices,” Larry Peruzzi, senior equity trader at Boston Company Asset Management, said…
And consumer confidence?
Consumers shrugged off the first increase in gasoline prices and sent a widely watched barometer of consumer confidence to its highest level in almost four years, a private research group said Tuesday.
and still more:
New orders for U.S.-made durable goods surged a much larger-than-expected 6.1 percent in March on hefty aircraft, computer and manufacturing orders, a government report showed Wednesday.
It was the largest gain in durable goods orders since May 2005. Economists polled by Reuters had expected a 1.6 percent increase in overall durable goods orders in March.
So about those gas prices…
High fuel prices and rising interest rates were expected to cool things off, but the most recent numbers show no signs of that.
How long before MSM stops acting surprised about this economy?











