Demand for U.S. Capital Goods Climbs in Spending Rebound

Consumer confidence climbed to a four-year high, home prices increased by the most since 2010 and demand for business equipment rose, signaling resilience in the U.S. economy as the new year approaches.

The Conference Board’s confidence index increased to 73.7 in November from 73.1 the prior month, the New York-based group said today. The S&P/Case-Shiller index of property values in 20 cities advanced 3 percent in September from a year earlier. Bookings for non-defense capital goods excluding aircraft rose 1.7 percent last month, the most since May, the Commerce Department reported.