Please click here to see the edition of BuilderBytes for 5/28/15 on the Web. In this issue of the MetroIntelligence Economic Update, I covered the following indicators: New home sales jumped in April more than expected Case-Shiller Indices...Show More Summary
The Case-Shiller house price indexes for March were released this yesterday. Zillow forecasts Case-Shiller a month early, and I like to check the Zillow forecasts since they have been pretty close.From Zillow: Expect More of the Same...Show More Summary
The S&P/Case-Shiller Home Price Index released on Tuesday was the latest report to show a relentless rise in housing prices, causing some economists to ask: Is another bubble forming?
Despite stagnating incomes, record low home-ownership, surging interest rates, and stalling employment data, home-prices in America rose 5.04% YoY in March - the biggest jump since August - as overseas money floods into American real estate and crushes the affordability dream for Hillary's 'everyday American'. Show More Summary
S&P/Case-Shiller released the monthly Home Price Indices for March ("March" is a 3 month average of January, February and March prices).This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20...Show More Summary
The Case-Shiller Home Price Index for March will cross at 9:00 a.m. ET. Economists expect the index to show that home prices rose 0.9% month-over-month and rose 4.6% year-over-year, according to Bloomberg. These forecasts reflect that home prices were likely unchanged month-over-month at 0.9% for a third straight period. Show More Summary
From Bloomberg: What Would Happen If Greece Doesn’t Pay the IMF: Q&AQ: What will the IMF do?A: A missed payment date starts the clock ticking. Two weeks after the initial due date and a cable from Washington urging immediate payment,...Show More Summary
The key reports this week are April New Home sales on Tuesday, the 2nd estimate of Q1 GDP on Friday, and March Case-Shiller house prices on Tuesday.For manufacturing, the May Richmond and Dallas Fed surveys will be released this week. Show More Summary
In addition to Case-Shiller, and CoreLogic, I'm also watching the FNC, Zillow and several other house price indexes. FNC released their March 2015 index data today. FNC reported that their Residential Price Index™ (RPI) indicates that U.S. Show More Summary
The Case-Shiller Home Price Index is reporting steady price increases across the nation. The Case-Shiller 20-City Composite Index rose 5% year over year in February. This was compared to a 4.5% rise in January. The February gain was the largest monthly gain since July 2014. Show More Summary
This is a key distressed market to follow since Las Vegas has seen the largest price decline of any of the Case-Shiller composite 20 cities. The Greater Las Vegas Association of Realtors reported GLVAR reports local housing market seeing...Show More Summary
Notes: This CoreLogic House Price Index report is for March. The recent Case-Shiller index release was for February. The CoreLogic HPI is a three month weighted average and is not seasonally adjusted (NSA).From CoreLogic: CoreLogic Reports National Homes Prices Rose by 5.6 Percent Year Over Year in February 2015CoreLogic®... Show More Summary
The Case-Shiller house price indexes for February were released this week. Zillow forecasts Case-Shiller a month early - now including the National Index - and I like to check the Zillow forecasts since they have been pretty close.From...Show More Summary
Redbook reports that last week’s retail sales rose to a still-soft 1.4% on a year-ago basis, from the previous week’s 0.8%. The S&P/Case-Shiller home price index rose 0.9% in February, and is up 5.0% from a year ago. The Conference Board’s consumer confidence index fell from 101.3 to a much lower than expected 95.2 in […]
``Still, housing is a long way from the heady days of two years ago, when double-digit annual price gains were the norm. Many economists say that's a healthy thing; buyers are better able to keep up. Still, there are concerns that prices are again climbing faster than incomes in many parts of the country.''
Home prices in metro Los Angeles have climbed 5.8% in the last 12 months, according to a closely watched housing report out Tuesday morning. Nationally, prices are up 4.2%.
The growth in sales prices for single-family homes continued to slow in February, S&P/Case-Shiller indicated Tuesday. On a national basis, prices appreciated 4.2% (seasonally adjusted) year-over-year in February, compared to 4.4% (seasonally...Show More Summary
Despite the weather, home prices surge more than expected in February (as we presume those who braved the icy or heaty weather were desparate to buy). S&P/Case-Shiller 20-City index rose 0.93% MoM (vs 0.7% exp) and 5.03% YoY (vs 4.70% exp.). Show More Summary
Home prices continued to rise in February, posting higher annual gains than in January, according to the latest Case-Shiller 20-city Composite. The index showed prices rising 0.5 percent from January to February, marking their largest month-over-month increase since July 2014. On an annual...
Marcio Jose Sanchez/AP By Chuck Mikolajczak Single-family home prices rose in February from a year earlier, led by strong increases in the western half of the United States, a closely watched survey said Tuesday. The S&P/Case Shiller...Show More Summary