The payroll tax hurt confidence a bit in January with the Conference Board’s sentiment index falling to 58.6 from 66.7 in December.
 
It was the largest single-month drop in consumer confidence since the budget debacle in August of 2011.
 
Nineteen of the 20 cities in the Case Shiller housing price index showed year-over-year gains.
 
Phoenix showed the biggest price jumps with 22.8% and followed by San Francisco at 12.7%.
 
New York was the only state with negative month-to-month and year-over-year comparisons.
 
Profits at the largest homebuilder by volume doubled during the first quarter as demand for new houses increased.

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