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  • Consumer confidence fell to a 5-month low in February, with fewer consumers planning to spend on homes, automobiles, and vacations.
  • Concerns over even greater inflation are mounting this week, as oil prices surged to more than $100 a barrel for the first time since 2014.
  • The labor market continues to show strength. Last week's unemployment claims were lower than expected, and continuing claims hit a 52-year low.

  • Homebuilder confidence fell for the 2nd straight month, as builders face delays for cabinets, garage doors and appliances needed to finish homes.
  • January existing home sales jumped 6.7% over December, even though the supply of homes for sale fell to a record low, down 16.5% from a year ago.
  • The Federal Housing Finance Agency reported U.S. house prices rose 17.5% overall from the 4th quarter of 2020 to the 4th quarter of 2021.