The December Household Spending Survey, published by the New York Federal Reserve Bank, showed a modest increase in household spending over the past four months, and a surge in the median expectation for year-ahead household spending to highest level since August 2015. Only 2.2% of households bought house or apartment over the past four months, lower than the 3.8% in August. However, the average percentage of households planning to buy houses within the next four months jumped from a series low of 3.3% in August to 6.2% in December.
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