The index reading for the month came in at 78.8, its highest mark since July 2021, and well above economist expectations for a reading of 70.1. The cumulative 29% climb in the sentiment index over the past two months is the largest two-month increase since the US economy recovered from recession in 1991 – Yahoo Finance

If we look at the graph below we can see the large climb was due to a large drop from 2021-2022.

This is another indication we are headed back to a more normal stance as we look back over the last 20 years.

Rates are holding their own, home prices are up 4.4% Year over Year.

Consumer Sentiment is the consumers view by confidence that inflation has turned a corner and strengthening income expectations.