According to CNBC:
Housing markets are recovering nicely. Home sales, housing starts and pricing are rising in most markets.
* Jobs are back past prior peak levels and growing sharply. There have been more jobs gains in 2014 than in any year this century.
* Consumers, who make up more than two-thirds of the economy, are happy again because they’re back at work, their debt levels are down and they’ve regained their wealth as home values and equity values are rising. All of which translates to more consumer spending.