Eye On Housing
Author Archives
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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 ›
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Consumer Confidence in October – More Consumers Planned to Buy a Home in the Near Future
The Conference Board recently released the Consumer Confidence Index and its two subcomponents, the Present Situation Index and the Expectations Index, for October. The Consumer Confidence Index dropped to a level of 97.6 in October following the September’s optimistic assessment of 102.6. The present situation index declined to 112.1 from 120.3 in September, and the expectations index also decreased from… Read More ›
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Home Prices in August – Moving Toward Normal
S&P Dow Jones Indices released the August results for the S&P/Case-Shiller (CS) house price index. The index shows that house price appreciation accelerated to a seasonally adjusted annual growth rate of 5.4% in August, continuing its recovery from a late spring/early summer slowdown. After recovering from the boom and bust, the growth rate of the CS price index climbed back… Read More ›
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Lower Energy Prices, Lower Consumer Prices in September
The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) declined at a seasonally adjusted annual rate of 1.8% in September after slipping 0.8% in August. Excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual rate of 2.6% in September, faster than 0.9% in August. In September, energy prices dropped… Read More ›
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Consumer Confidence Rebounded in September
The Conference Board released its Consumer Confidence Index for September. The index is a composite of separate indexes tracking consumers’ assessments of current business, income and employment conditions, as well as their expectations for the future. The Consumer Confidence Index increased to a level of 103.0 in September from 101.3 in August. The present situation index rose to 121.1 from… Read More ›
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Existing Home Sales vs. Home Prices
The Federal Housing Finance Agency (FHFA) and the Standard and Poor’s/Case-Shiller (CS) recently released their respective home price indexes for July. The FHFA index shows house price appreciation accelerated to a seasonally adjusted annual rate of 7.3% in July. The CS index shows house prices rose at an annual growth rate of 4.6% in July. Both indexes have been rising… Read More ›