Monthly Archives: June 2011

U.S. pending home sales rose in all Regions in May, posting the first annual gain since April 2010

U.S. pending home sales reversed course in May and increased 8.2% on a seasonally adjusted basis following an 11.3% decline in April, the National Association of Realtors reported on June 29. This increase also follows May’s 3.8% decline in existing home sales and 2.1% decline in new home sales, which were reported last week. The […]

Prices… in dollars

While indices show how quickly prices rise and fall,  many people prefer to gauge prices in dollars and compare current prices across different cities. The chart shows the price ranges that represent the middle third of the market for 17 of the S&P/Case-Shiller Home Price Indices cities.   The tiered indices divide each market into the […]

Tiered price patterns behave differently across markets

S&P Indices publishes tiered price data for 16 of the 20 MSAs it covers.  Tier breakpoints – price levels that divide recent sales pairs in each market into thirds – are calculated for the latest monthly data. An index is generated using each of the three data sets per market, applying the same repeat-sales methodology […]

Like single-family home prices, condos saw an April seasonal boost

Data through April 2011 showed increases in condo prices in most of the markets covered by the S&P/Case-Shiller Condo Price indices. Four of the five condo markets were up in April over March – all four by more than 1.5%.  Los Angeles, however, recorded a new cycle low with the release of April 2011 data […]

How the Cities Did

While the headline results for S&P/Case-Shiller Home Price Indices, helped by the Spring-Summer selling season, looked good this time, there still is a lot of local variation from city to city.  The first table shows how the cities compare to one-another over the last few years.  Six made new lows in April, led by some of […]

April Seasonal Boost in Home Prices According to the S&P/Case-Shiller Home Price Indices

Data through April 2011, released today by S&P Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show a monthly increase in prices for the 10- and 20-City Composites for the first time in eight months… To access click: S&P/Case-Shiller Home Price Indices June 2011 Release

What Next: S&P/Case-Shiller Indices Next Tuesday

Last month’s report, for March 2011, confirmed that housing prices are headed down and that some cities have broken below the lows set in 2009.  As we approach the report for April due out on Tuesday June 28th at 9 AM, here’s a look at some recent data and comments which might give a hint […]

Is the CDS market signaling a decline in home builder stock prices?

As the cost of buying default protection rises, typically, a reversal of fortunes can be seen in the equity market.  Recent dislocations can be seen in the home builder sector as there has been an increase in the cost of buying default protection without a corresponding decline in equity prices across the sector.    On 2/7/11, Homebuilders CDS […]

Sustainability taking roots in the housing market

Takeaway: Sustainability is seen as an important driver for homebuilders. Environmental sustainability, in the housing sense, means a new way of driving cost savings with energy conservation and appealing to the eco-friendly lifestyles of younger homebuyers or those going green. In the Green Outlook 2011 report published by McGraw-Hill Construction, government actions – including legislation […]

A look at S&P/Case-Shiller tiered-price indices

S&P Indices publishes tiered price data for 16 of the 20 MSAs it covers (Cleveland’s tiered-price indices were suspended in November 2008 due to lack of sufficient sales pairs).  Tier breakpoints – price levels that divide recent sales pairs in each market into thirds – are calculated for the period covered by the latest index […]

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