Monthly Archives: July 2012

CNBC Exclusive Interview with Maureen Maitland on U.S. Home Prices for May

Maureen Maitland, Vice President, S&P Dow Jones Indices, discusses the latest data results for the S&P/Case-Shiller Home Price Indices on CNBC’S Squawk on the Street.

Home Prices Continue to Rise in May 2012 According to the S&P/Case-Shiller Home Price Indices

Data through May 2012, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed that average home prices increased by 2.2% in May over April for both the 10- and 20-City Composites. To access click here: S&P/Case-Shiller Home Price Indices – July 2012

New Home Sales Dropped By 8.4% To 350,000 In June

U.S. new home sales dropped by 8.4% to a 350,000 annualized unit rate in June. This was much weaker than the 369,000 unit rate expected by consensus and our 360,000 unit forecast. However, it comes after the prior three months were upwardly revised to add another 33,000 units to total sales. May sales, in particular, […]

Housing and the Recovery

Much of the recent news on housing is more upbeat.  The National Association of Home Builders sentiment survey marked  another gain in the last report, housing starts are advancing and more home price indices, including S&P/Case-Shiller, are seeing gains. Some analysts are even arguing that the bottom is behind us and its up from here.  […]

U.S. Home Buyers Return, But Can Builders Deliver?

U.S. homebuilders continue to face headwinds as they recover from a very protracted downturn, but trends appear to be slowly improving. Standard & Poor’s Ratings Services’ base-case outlook for credit quality for the U.S. homebuilding sector in 2012 and 2013 is neutral. Our baseline economic forecast calls for a slow recovery, with real GDP growing […]

U.S. House Prices Should Generally Rise Going Forward, But Not Without Some Dips

U.S. home prices started to rise in recent months, and Standard & Poor’s Ratings Services expects this to continue into the summer, given the seasonal trends of the past few years. We don’t expect this rise to be uninterrupted, however. Prices will likely dip again later this year as newly foreclosed properties reach the market, […]

Consumers continue to repair their balance sheets

On July 17th, S&P Dow Jones Indices and Experian released June 2012 data for the S&P/Experian Consumer Credit Default Indices, which measure consumer credit default rates. June data showed a decline in the composite index, led by an nine basis point drop in first mortgage default rates. Second mortgage default rates fell by even more […]

U.S. Existing Home Sales Fell By 5.4% To 4.37 Million Units In June

U.S. existing home sales fell by 5.4% to an annualized 4.37 million unit rate in June, which was weaker than the 4.62 million units expected by consensus though it comes after May was upwardly revised to 4.62 million units from 4.55 million units previously. Single family sales dropped by 5.1% to a 3.9 million unit […]

Housing Starts Jump 6.9% To 760,000 Units In June

U.S. housing starts jumped by 6.9% to 760,000 units in June, with upward revisions to May and April adding another 6,000 units started.  The June figure was much stronger than the 735,000 expected by markets and our 740,000 forecast.  Single-family starts rose by 4.7%, while multi-family starts were up an even stronger 12.8%.  The better […]

Consumer Credit Default Rates Decreased for the Sixth Consecutive Month According to the S&P/Experian Credit Default Indices

S&P Indices released today the latest results for the S&P/Experian Consumer Credit Default Indices. Data is through June 2012. To access click: S&P/Experian Consumer Credit Default Indices – July 2012

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