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Monthly Archives: July 2012

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

Dave Guarino
Director, Global Index Communications
S&P Dow Jones Indices
July 31 - 3:43 pm
Comments: 0

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.

Posted in Housing Data, S&P/Case-Shiller Indices | Tagged , , , , , , , | Leave a comment

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

Dave Guarino
Director, Global Index Communications
S&P Dow Jones Indices
July 31 - 9:01 am
Comments: 1

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

Posted in Construction, Existing Home Sales and Months Supply, Homebuilders, Housing Data, Housing Finance & Policy, S&P/Case-Shiller Indices | Tagged , , , , , , | 1 Comment

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

Beth Ann Bovino
U.S. Deputy Chief Economist
Standard & Poor’s Ratings Services
July 25 - 2:49 pm
Comments: 1

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, [...]

Posted in Economic Data, New Home Sales | Tagged | 1 Comment

Housing and the Recovery

David Blitzer
Chairman of the Index Committee
S&P Dow Jones Indices
July 25 - 11:39 am
Comments: 1

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.  [...]

Posted in Economic Data, GDP, Homebuilders, Uncategorized | Tagged | 1 Comment

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

George Skoufis
Director
Real Estate Finance Group, Standard & Poor’s Ratings Services
July 23 - 11:14 am
Comments: 0

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 [...]

Posted in Homebuilders, Housing Data, Other Housing Data | Leave a comment

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

Erkan Erturk
Senior Director, Structured Finance
Standard & Poor’s Ratings Services
July 20 - 9:35 am
Comments: 2

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, [...]

Posted in Economic Data, Existing Home Sales and Months Supply, Housing Data, New Home Sales | 2 Comments

Consumers continue to repair their balance sheets

Maureen Maitland
Vice President
S&P Dow Jones Indices
July 19 - 12:46 pm
Comments: 0

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 [...]

Posted in Consumer Credit, Economic Data, Mortgage Markets, Other Housing Data | Tagged , , , , , , , , , | Leave a comment

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

Beth Ann Bovino
U.S. Deputy Chief Economist
Standard & Poor’s Ratings Services
July 19 - 10:45 am
Comments: 1

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 [...]

Posted in New Home Sales | Tagged | 1 Comment

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

Beth Ann Bovino
U.S. Deputy Chief Economist
Standard & Poor’s Ratings Services
July 18 - 9:06 am
Comments: 1

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 [...]

Posted in Economic Data, Housing Starts and Permits | Tagged | 1 Comment

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

Dave Guarino
Director, Global Index Communications
S&P Dow Jones Indices
July 17 - 9:23 am
Comments: 0

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

Posted in Economic Data | Tagged , , , , , , , | Leave a comment

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