Consumer Cos Climb After Home-Sales Data Consumer Roundup
05/25/2021 | 05:11pm EDT
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Required fields Shares of retailers and other consumer companies rose slightly as strong housing data offset inflation concerns. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 13.2% in the year that ended in March, up from a 12% annual rate the prior month, and the sharpest rate of price growth since December 2005. New-home sales fell sharply in April, reflecting limited inventory, but remained far above the level a year earlier. Home building is set to slow further due to the rising cost of lumber.
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