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Category Archives: Other Housing Data

Charts of Rent vs. Buy and Inflation Adjusted Home Prices

Based on data from the latest S&P/Case-Shiller Home Price Indices and the US Consumer Price Index, we show a chart of relative costs of renting or buying a home and the impact of inflation on home prices.  Buying is slightly favored over renting compared to the average since 1987 for the S&P/Case-Shiller 10-City Composite.  In [...]

Also posted in Economic Data, Housing Data, S&P/Case-Shiller Indices, Uncategorized, Valuation Factors (Price-rent Ratio, Price-income Ratio) | Tagged , | Leave a comment

The U.S. Real Estate Industry: Standard & Poor’s Addresses The Top Investor Questions

Also posted in Homebuilders, Housing Data, New Home Sales | Tagged | Leave a comment

Sales volume still low

Housing statistics for June and July 2012 were largely positive, but we still have not seen a real pickup in sales volume for more than five years. The S&P/Case-Shiller sales pair counts, NAR’s existing home sales and the US Census housing starts remain low compared to their pre-recession levels. S&P/Case-Shiller sales pairs are updated the [...]

Also posted in Economic Data, Existing Home Sales and Months Supply, Housing Data, Housing Starts and Permits, S&P/Case-Shiller Indices | Tagged , , , , , , , , , | 1 Comment

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 [...]

Also posted in Homebuilders, Housing Data | Leave a comment

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 [...]

Also posted in Consumer Credit, Economic Data, Mortgage Markets | Tagged , , , , , , , , , | Leave a comment

House Prices and the Unemployment Rate

On Friday the Bureau of Labor Statistics will release the unemployment rate for December.   Whatever the numbers look like we are sure to hear a debate about housing and unemployment — are they related, which causes which and does one hold the key to solving the other.  A quick look at the way home prices [...]

Also posted in Employment and Unemployment, S&P/Case-Shiller Indices | Tagged , , , , | 2 Comments

First mortgage default rates lead November increase in the national composite

On December 20, S&P Indices and Experian released November data for the S&P/Experian Consumer Credit Default Indices, which measure changes in consumer credit defaults. The data showed an increase in the composite index, led by an increase in first mortgage and bank card default rates. Auto loan and second mortgages saw drops in their default [...]

Also posted in Consumer Credit, Economic Data, Mortgage Markets | Tagged , , , , , , | 3 Comments

Second consecutive increase in first mortgage default rates

On November 15, S&P Indices and Experian released October data for the S&P/Experian Consumer Credit Default Indices, which measure changes in consumer credit defaults. The data showed an increase in the composite index, led by an increase in first mortgage default rates. Auto loan, second mortgages and especially bank cards all saw pretty significant drops [...]

Also posted in Consumer Credit, Economic Data, Foreclosures, Shadow Inventory, Mortgage Markets | Tagged , , , , , , | 1 Comment

U.S. Economic Forecast: No Help From Home

After markets delivered last rites, the U.S. economic recovery received a boost last month, which felt like a new lease on life. The economic data at this point still aren’t telling us whether the patient is dead or just dragging. But it did provide more support to our forecast that the recovery will limp along [...]

Also posted in Economic Data, Existing Home Sales and Months Supply, Housing Data, Housing Starts and Permits, New Home Sales | Tagged | Leave a comment

Economic Update: U.S. FHFA House Price Index Rises 0.8% In July

The U.S. Federal Housing Finance Agency (FHFA) house price index rose 0.8% in July to 184.7 (seasonally adjusted) and is up for four consecutive months. The index is still 3.3% lower than last year’s level, though it is an improvement over the 4.5% rate of decline seen the month before. Continued gains in prices, together [...]

Also posted in Economic Data | Tagged | Leave a comment
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