Economic improvement not enough to create consumer confidence

Published 06/28 2013 03:18PM

Updated 06/28 2013 05:25PM

ILLINOIS -- The latest unemployment numbers for the state show our economy may have improved in some cities. Numbers from May 2012 - May 2013 show improvement in Champaign-Urbana and Springfield.

Bill Ward, of the Illinois Home Builders Association, says it's not enough to help consumers regain confidence to buy or build a home. As of May, one in five homeowners are still underwater on their mortgage.

Illinois ranks 50th in the nation when it comes to new home starts.

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