Eye On Housing
Author Archives
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Consumer Confidence – Optimistic November
With the ongoing job and economic growth, in November consumer confidence improved. Consumers were optimistic about both the current situation and the near term outlook. The Conference Board reported that the Consumer Confidence Index jumped to 107.1 in November, from an upwardly revised 100.8 in October. Both the present situation index and the expectations index rebounded. The present situation index… Read More ›
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Home Prices Jumped in September
The Case-Shiller (CS) National Home Price Index, reported by S&P Dow Jones Indices, jumped in September. The CS Home Price Index rose at a seasonally adjusted annual growth rate of 10.4%, the fastest in the past 36 months. After the deceleration in the beginning of 2016, house prices have accelerated since May due to tight inventory and high demand, reaching… Read More ›
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Consumer Price Index Rose in October
The Consumer Price Index (CPI), released by the Bureau of Labor Statistics (BLS), rose in October. Both headline inflation and core inflation increased. The CPI rose at a seasonally adjusted annual rate of 4.4%, faster than the two previous increases (2.5% in August and 3.6% in September). Excluding the volatile food and energy components, “core” CPI rose at a seasonally… Read More ›
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Consumer Confidence in October – Retreated
Consumer confidence retreated in October. Consumers were less optimistic about both the current situation and the near term outlook. The Consumer Confidence Index, reported by the Conference Board, decreased to 98.6, from 103.5 in September. Both the present situation and the expectations index dropped. The present situation index fell to 120.6, from 127.9 and the expectations index declined to 83.9,… Read More ›
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Home Prices in August – Gains Continued
The Case-Shiller (CS) National Home Price Index, released by S&P Dow Jones Indices, rose in August. The index rose at a seasonally adjusted annual growth rate of 7.6%, faster than the 4.9% reported in July. After the deceleration in the beginning of 2016, house prices have accelerated since May due to tight inventory and the increases in existing home sales… Read More ›
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Consumer Price Index Rose in September
Core inflation dropped while headline inflation increased in the Bureau of Labor Statistics’ (BLS) Consumer Price Index (CPI) for September. The CPI rose at a seasonally adjusted annual rate of 3.6%, following a 2.5% increase in August. Excluding the volatile food and energy components, “core” CPI rose at a seasonally adjusted annual rate of 1.4%, slower than the 3.2% increase… Read More ›
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Consumer Confidence in September – Another Optimistic Month
The Consumer Confidence Index, reported by the Conference Board, rose in September. Compared with last month, consumers were more optimistic about both the current situation and the near term outlook. The Consumer Confidence Index rose to 104.1, from 101.8 in August. The present situation index rose to 128.5, from 125.3, and the expectations index increased to 87.8, from 86.1. Consumers’… Read More ›
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National Home Prices Reaccelerated, Local Home Prices Varied in July
S&P Dow Jones Indices released the Case-Shiller (CS) National Home Price Index for July. The index rose at a seasonally adjusted annual growth rate of 5.0%, faster than the 2.1% in June. House prices have decelerated since the beginning of 2016 due to the sharp decline in existing home sales at the end of 2015. But, home prices started to… Read More ›
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Existing Home Sales Fell in August
Existing home sales, reported by the National Association of Realtors, soften further in August. Total existing home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, declined to a seasonally adjusted annual rate of 5.33 million units from a downwardly revised 5.38 million units in July. Existing single family sales fell to a seasonally adjusted annual… Read More ›
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Consumer Price Index in August – Strong Gain
The Consumer Price Index (CPI), released by the Bureau of Labor Statistics (BLS), rose in August. Headline inflation increased from negative to positive due to the strong gain in the core CPI. The Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 2.4% in August, after a 0.5% decrease in July. Excluding the volatile food and energy components,… Read More ›