HousingWire says analysts with Econoday report consumer confidence rose slightly in August to 73.6 over 72.3 in July, according to the University of Michigan and Reuters. While the consumer outlook on current market conditions rose nearly five points to 87.6 in August, Econoday says “this gain isn’t translating into any more optimism on the outlook as the expectations index fell more than one point to 64.5 versus 65.6 in July.” The Dow moved immediately higher in response to the news. As MHProNews has learned, while the numbers for the housing market improve, the overall economy continues to face substantial risks.

(Image credit: HousingWire)