Consumers become more confident in the market

Consumer confidence improved recently.

The consumer confidence situation improved, which may help many property management companies see a boost in renting interest. This is due to more consumers experiencing a positive financial situation.

Consumer sentiment experienced an increase in March to 50.7, according to the Consumer Reports Index. This was a jump from the previous month's level of 48.9. With the gain, more consumers felt positive about personal finance.

"The long view shows the financial hardship faced by Americans has declined sharply from the dire days of two years ago," said Ed Farrell , director of consumer insight at the Consumer Reports National Research Center. "But, that has yet to translate into robust levels of retail spending for 2013."

Further positive news for the multifamily market was recently released, as architecture billings improved to start the year. The figure improved to 54.2 during January, according to the Architecture Billings Index from the American Institute of Architects. This was an improvement from December's rating of 51.2, though both were considered to be in positive territory. Continued improvements in the index denote the potential for further development in the coming months.

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