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we would like. consumer spending, however, up 2.9% compared to 2.1% the quarter before. but consumer savings is down. so we'll have to see if this is sustainable. >> okay. how about the encouraging signs we have to report on? the housing market, pending home sales are on the rise. do you think the housing market is finally turned the corner? >> until unemployment changes, until those numbers change, we may not see a ton of demand. here's what happened here. this is new home numbers. up 17%, new home sales, we have the lowest inventory of new homes, 144,000 on the market since 1963. a lot of this has to do with the fact of construction did not happen during the recession the past four years. so unless folks start moving out of their parents' house and we see more people who are forced to rent during the recession because they've lost their jobs an had to sell their home, it's not going to build the housing market tremendously. we've got to see more construction numbers and we have to see better employment before we see and loosening up of

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