Monthly Archives: October 2011

Housing transactions, where are the buyers and sellers?

On the last Tuesday of each month we publish the number of sales pairs used in the calculation of the S&P/Case-Shiller Home Price Indices. Data are collected on sales of individual single-family homes or condos. When a home is resold, months or years later, the new sale price is matched to the first price creating […]

Rent vs. Buy, Inflation-Adjusted Prices

The latest S&P/Case-Shiller Home Prices, combined with the home-owners rental equivalence index from the Census Bureau’s CPI report, shows that renting vs. buying is roughly in balance.  The first chart compares the rent:buy ratio with its average since 1987. In the 1990s renting was relatively expensive while during the housing boom-bust buying a home was […]

Annual rates of return improve in 16 markets in August 2011

August’s data for the S&P/Case-Shiller Home Price Indices were marginally positive for the housing market. The 10- and 20-City Composites were each up 0.2%; but only 10 of the 20 cities covered by the indices were up in August over July. The annual rates of change showed something slightly positive for home prices. Sixteen of […]

Economic Update: Some Home Runs For Housing

Well, I have some more upbeat news to report this week.  The news comes largely from the housing sector. Data showed that existing home sales did fall last month, but they met expectations. A clear home run for housing came from the new home sales market, where sales topped expectations. The headline data for the […]

How the Cities Did

In the latest S&P/Case-Shiller release cities in Midwest were among the best, the Sunbelt continued as the weakest and Washington DC remained the standout. Chicago, Cleveland, Minneapolis, Detroit plus Denver and Dallas (not the Midwest but not on either coast) all saw month to month gains.  Detroit is one surprise, up two months in a […]

California condo markets weaken further in August 2011

August 2011 data for the S&P/Case-Shiller Home Price Indices were released on Tuesday October 25th and we saw further weakening in condo prices in the California metro areas. The LA index reported a decline of 0.7% in condo prices in August versus July, and the San Francisco index fell by 0.2%. The Boston index fell […]

NEW HOME SALES ROSE 5.7% TO 313,000 IN SEPTEMBER

New home sales surged 5.7% m/m to 313,000 in September, which was much stronger than the 300,000 expected by consensus after sales slipped 0.3% to 296,000 the month before. Sales in the south and the west reported monthly gains (up 11.2% and 9.7%, respectively), while the northeast and the midwest saw declines (down 4.2% and […]

Video: CNBC Exclusive – S&P/Case-Shiller Home Prices Indices Interview with Shiller, Case & Maitland

Professor Karl “Chip” Case and Professor Robert Shiller, co-founders of the S&P/Case-Shiller Home Price Index, and Maureen Maitland, Vice President at S&P Indices, discuss the latest data results of the Indices on CNBC’s Squawk on the Street.

Annual Rates of Change Continue to Improve According to the S&P/Case-Shiller Home Price Indices

Data through August 2011, released today by S&P Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed increases of +0.2% for the 10- and 20-City Composites in August versus July. To access click here: S&P/Case-Shiller Home Price Indices October 2011 Release

U.S. Homebuilders Are Still Awaiting Firmer Demand And Profitability

S&P recently released an industry report card on the U.S. homebuilder sector. The primary authors of the report are George Skoufis and Lisa Sarajian but I thought I would share with you a section of the report containing our outlook on the sector. If you’re interested in reading the full report click here. Our outlook […]

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