The good mood was evident in real estate, with a record percentage ofAmericans planning to buy a house, indicating improving property values and a job market recovery are making households more willing to make long-term commitments.
Sustained gains in consumer spending, the biggest part of the economy, may help overcome concern over the fiscal cliff of tax increases and government spending cuts slated for early 2013.
Property values rose in the year ended September by the most since July 2010, according to data from S&P/Case-Shiller. The index of home prices in 20 cities climbed 3% from September 2011, after advancing 2% in the year to August.
Among other measures, the Thomson Reuters/University of Michigan consumer sentiment index climbed in November to a five- year high, while the Bloomberg Consumer Comfort Index last week hovered near the strongest point in seven months.