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July 2017   Volume 43, Number 7      
 

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Americans’ Confidence in Economy Reaches Post-Election Low

Americans’ confidence in the economy declined recently but remains higher than it was before the 2016 presidential election. Gallup’s U.S. Economic Confidence Index averaged +2 for the week ending May 14, which is the lowest score recorded yet this year. This score essentially remained unchanged from the +3 recorded during the prior week, but it marks a considerable drop from the index’s high point of +16 in early March when the stock market reached record highs.

While Gallup’s U.S. Economic Confidence Index has slumped since March, it has remained in positive territory. In the last full week before the election, the index was -11. The week of the election, it rose 11 points to a score of 0. One week later it rose again to +4. The May 14th weekly average of +2 marks the lowest score since the presidential election.

Gallup’s U.S. Economic Confidence Index is the average of two components: how Americans rate the economy’s conditions and whether they believe the economy is improving or getting worse. The index has a maximum of +100, which would signify that all Americans think the economy is doing well and improving.

The theoretical minimum of -100 for the index would indicate that all Americans believe the economy is doing poorly and getting worse.

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In this issue:

The Best, Worst Metros for Real Estate Investors

Five States with the Highest, Lowest Cost of Living

Americans’ Confidence in Economy Reaches Post-Election Low

EB-5 Program Extended Through September 2017

Flexible Workspace Real Estate Trend Set to Take Off

Home Builders Target Millennials with Lower-Priced Homes

Housing Starts Decline 2.6 Percent in April

Luxury Real Estate Starting to Cool Off

Market Competition Intensifies for Millennial House-Hunters

How Realtors Are Using Mobile Technology

 


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