Eye On Housing
Author Archives
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Large Rise in the Core CPI in January
The Consumer Price Index (CPI), released by the Bureau of Labor Statistics (BLS), was relatively flat in January. It rose at a seasonally adjusted annual rate of 0.3%, after slipping 1.3% in December. Excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual rate of 3.6% in January, from 1.9% in December. In January,… Read More ›
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FHFA and S&P/Case-Shiller Home Prices in November
Recently, S&P Dow Jones Indices and the Federal Housing Finance Agency (FHFA) released their home price indexes for November. The Case-Shiller (CS) National Home Price Index, reported by S&P Dow Jones Indices, rose at a 10.9% seasonally adjusted annual pace in November. The Home Price Index from the Federal Housing Finance Agency (FHFA) rose at a seasonally adjusted annual rate… Read More ›
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Optimistic Consumer Confidence in January
The Conference Board released the Consumer Confidence Index for January 2016. The Consumer Confidence Index rose slightly to 98.1 in January. The present situation index in January was unchanged, remaining at the same level of 116.4 as that in December; the expectations index rose to 85.9 in January from 83.0 in December. In January, consumers’ optimism about the short-term outlook… Read More ›
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Decline in Energy Prices in December
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) for December. The Consumer Price Index (CPI) declined at a seasonally adjusted annual rate of 1.3% in December, after rising in the previous two months, 2.4% in October and 0.3% in November. Excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual… Read More ›
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Consumer Confidence in December – Beyond the Monthly Volatile Data
Consumer confidence improved in December after the previous two months declines. The Consumer Confidence Index, recently released by the Conference Board, rose to 96.5 in December from 92.6 in November. Both subcomponents, the present situation and expectations indices, rebounded in December as well. The present situation index rose to 115.3 in December from 110.9 in November; the expectations index climbed… Read More ›
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Home Prices in October — Moving Toward the Trend Line
The Case-Shiller (CS) National Home Price Index, released by S&P Dow Jones Indices, rose at a seasonally adjusted annual rate of 11.0% in October. The Home Price Index from the Federal Housing Finance Agency (FHFA) rose at a seasonally adjusted annual rate of 6.0%. Both indexes show monthly volatility but the trend has been relatively flat over 2014 and 2015…. Read More ›
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Consumer Prices in November – Predicting Fed Action
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) for November. The Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 0.3% in November, slower than 2.4% in October. Meanwhile, excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual rate of 2.2% in November following 2.5% in… Read More ›
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Home Price Appreciation in September
S&P Dow Jones Indices and the Federal Housing Finance Agency (FHFA) recently released their home prices indexes for September, respectively. The Case-Shiller (CS) national house price index accelerated to a 10.4% seasonally adjusted annual pace in September while the price index from the Federal Housing Finance Agency (FHFA) rose at a 9.5% pace. A surge in sales pushed existing house… Read More ›
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Consumer Confidence Retreated in November
The Conference Board released the Consumer Confidence Index for November, reporting that the index dropped sharply to 90.4 in November, following a moderate decrease in October. Both subcomponents contributed to the decline. The present situation index declined to 108.1 from 114.6 in October; the expectations index slipped to 78.6 from 88.7 in October. Compared to October, in November, the decline… Read More ›
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Rebounding Energy Prices in October
Energy prices rebounded and the Consumer Price Index (CPI) rose moderately in October. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 2.4% in October after a 1.8% decline in September and a 0.8% decline in August. Excluding the volatile food and energy components, “core” CPI rose at… Read More ›