Eye On Housing
Author Archives
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Consumer Confidence in March – Better Expectations
The Conference Board reported that in March the Consumer Confidence Index rebounded. The Consumer Confidence Index rose to 96.2 in March, from 94.0 in February. The present situation index in March moderately decreased to 113.6, from 115.0 in February; the expectations index climbed to 84.7 in March, from 79.9 in February. In March, consumers were more optimistic about the short-term… Read More ›
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Home Prices in January – Approaching Long-Term Trend
S&P Dow Jones Indices reported that the Case-Shiller (CS) National Home Price Index slowed to a 6.4% seasonally adjusted annual growth rate in January, from 8.8% in December. The Home Price Index from the Federal Housing Finance Agency (FHFA) rose at a seasonally adjusted annual rate of 6.7% in January, following 5.7% in December. Surging sales of existing homes as… Read More ›
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A Big Drop in Energy Prices in February
The Bureau of Labor Statistics (BLS) recently released the Consumer Price Index (CPI) for February. The Consumer Price Index declined at a seasonally adjusted annual rate of 2.0%, after a 0.3% increase in January. Excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual rate of 3.4% in February, slightly down from 3.6% in… Read More ›
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Consumer Confidence Ebbed in February
The Consumer Confidence Index, reported by the Conference Board, ebbed in February. The Consumer Confidence Index declined to 92.2 in February, from 97.9 in January. After a modest increase in January, both the present situation index and the expectations index decreased in February. The present situation index in February decreased to 112.1, from 116.7 in January; the expectations index dropped… Read More ›
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Home Prices Appreciation Slowed in December
The Case-Shiller (CS) National Home Price Index, reported by S&P Dow Jones Indices, slowed to a 9.8% seasonally adjusted annual growth rate in December, from 10.4% in November. The Home Price Index from the Federal Housing Finance Agency (FHFA) rose at a seasonally adjusted annual rate of 5.5% in December, following 7.1% in November. House price appreciation is largely driven… Read More ›
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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 ›