David Blitzer

Chairman of the Index Committee
S&P Dow Jones Indices
Biography

David M. Blitzer is managing director and chairman of the Index Committee with overall responsibility for index security selection, as well as index analysis and management.

Prior to becoming Chairman of the Index Committee, Dr. Blitzer was Standard & Poor’s Chief Economist.  Before joining Standard & Poor's, he was Corporate Economist at The McGraw-Hill Companies, S&P's parent corporation.  Prior to that, he was a Senior Economic Analyst with National Economic Research Associates, Inc. and did consulting work for various government and private sector agencies including the New Jersey Department of Environmental Protection, the National Commission on Materials Policy and Natural Resources Defense Council.

Dr. Blitzer is the author of Outpacing the Pros: Using Indices to Beat Wall Street’s Savviest Money Managers, (McGraw-Hill, 2001) and What’s the Economy Trying to Tell You? Everyone’s Guide to Understanding and Profiting from the Economy, (McGraw-Hill, 1997).  In the year 2000, Dr. Blitzer was named to SmartMoney magazine’s distinguished list of the 30 most influential people in the world of investing, which ranked him seventh, and in the year 1998, Dr. Blitzer was named the nation’s top economist, receiving the Blue Chip Economic Forecasting Award for most accurately predicting the country’s leading economic indicators for four years in a row.  A well-known speaker at investing and indexing conferences, Dr. Blitzer is often quoted in the national business press, including the New York Times, Wall Street Journal, USA Today, Financial Times, and various other financial and industry publications.  He is frequently heard on local and national television and radio.

A graduate of Cornell University with a B.S. in engineering, Dr. Blitzer received his M.A. in economics from the George Washington University and his Ph.D. in economics from Columbia University.

Author Archives: David Blitzer

More Mixed Data on Housing

Existing homes continue to out-pace new homes.  Sales of existing homes in June were 5.04 million, up 2.6% for the best number in eight months while new home sales dropped 8.1% in June from May to 406 thousand.  Housing starts were weak as well, down 9% to 893 thousand starts at annual rates. Single family […]

US Foreclosures drop 2% in June to Lowest Level Since June 2006

RealtyTrac®  released its Midyear 2014 U.S. Foreclosure Market Report™ on July 17th, which shows a total of 613,874 U.S. properties with foreclosure filings — default notices, scheduled auctions and bank repossessions — in the first half of 2014, a 19 percent decrease from the previous six months and down 23 percent from the first half […]

Buy-to-Rent or Rent-to-Sell

The entry of corporate buyers and private equity firms into the housing market in 2012 and 2013 was hailed as a way to soak up the over-supply of foreclosed homes and get the housing market back in shape.  One result were higher home prices as seen in the 10.8% year-over-year gain reported in the most […]

Next S&P/Case-Shiller Report due Tuesday

Near term economic factors favor further gains in housing: mortgage rates are lower than a year ago, the Fed is expected to keep interest rates steady until mid-2015 and the labor market is improving.  Is housing back to normal? Will prices keep rising?  Can housing bounce back before the Fed begins to tighten sometime next […]

Housing Bubbles Around the World

The International Monetary Fund (IMF), best known for bailing out over-indebted countries, is worried about housing bubbles around the world. In a recent speech (here) Martin Zhu, the Deputy Managing Director of the IMF, notes that housing prices are climbing in numerous countries. Citing the experience here in the U.S. with the housing boom and […]

Something’s Missing in the Housing Recovery

Something’s Missing in the Housing Recovery The two most popular comments about the housing recovery are that it’s weak and the reason why GDP growth is so slow.  There is some truth to both of these — the problem is new single family homes. Looking across housing, one sees surprisingly strong construction of apartments, progress […]

Making Sense of the Housing Outlook

News on housing continues to contradict itself.  Housing starts rebounded to over one million units in April, but the gains were apartment construction, not single family homes. Mortgage rates touch a seven month low but the Fed’s FOMC minutes report that banks aren’t willing to lend, existing sales seem to be recovering while new home […]

Housing Angst Around the World

While housing news in the US is mixed – starts rebounded above one million units at annual rates on a surge in apartments while the NAHB Housing Market Sentiment Index slipped to 45 – other markets are spreading fear and anxiety. China’s housing market appears to be peaking, raising fears of a further slowdown in […]

Foreclosure Activity Continues to Wind Down

RealtyTrac® (www.realtytrac.com), released its U.S. Foreclosure Market Report™ for April 2014 today showing foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 115,830 U.S. properties in April, a 1% decrease from the previous month and down 20% from April 2013. The report also shows one in every 1,137 U.S. housing […]

Housing Puzzle: Prices Rise, Sales Slow

The Sunday New York Times surveys housing and argues that weak demand is cause of slow sales and falling housing starts even as prices continue to rise.  Tuesday’s report on the S&P/Case-Shiller Home Price Indices will give the latest data on prices. Will prices keep rising or is the demand for housing really shifting down? […]

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