Recent Updates
- Belarus: IP (Dec)
- Albania: Foreign Trade (Dec, 2018)
- US: Philadelphia FRB Mfg Business Outlook Survey (Jan)
- Azerbaijan: Trade by Commodity, by Country (Dec)
- Togo: CPI (Dec)
- UK: Government Deficit & Debt Under the Maastricht Treaty, Tourism (Q3)
- Turkey: Short Term External Debt (Nov)
- Greece: Merchant Fleet (Nov)
- more updates...
Economy in Brief
Delay in Release
of Data for Construction, MSIO, Intl Trade, Wholesale Trade, Monthly Treasury, Retail Sales, Business Sales & Inventories, and Housing Starts Due to Lapse in Federal Government Funding.
U.S. Initial Unemployment Insurance Claims Slip
Initial claims for jobless insurance eased to 213,000 (-2.6% y/y) during the week ended January 12...
U.S. Import Prices Pulled Lower by Falling Oil Prices
Import prices fell 1.0% during December following a 1.8% November decline...
U.S. Home Builder Index Improves
The NAHB -Wells Fargo Composite Housing Market Index rose to 58 during January...
U.S. Mortgage Loan Applications Continue to Strengthen
The MBA total Mortgage Applications Index increased 13.5% (1.4% y/y) during the week ended January 11...
by Tom Moeller June 29, 2010
Home prices improved during April. Seasonally adjusted, the Case-Shiller Home
Price Index inched up 0.4% from March after two months of slight decline.
However, home prices remain depressed and have fallen 29.1% since the May 2006
peak. Moreover, home prices in April may have been buoyed by the $8,000
home-buyer Federal tax credit which is about to expire. The narrower 10
City Composite Home Price Index rose a seasonally adjusted 0.3% during April.
Over the last year prices rose 4.7%.
The performance of home prices continued to vary around the country. During April the 12-month gain in prices was strongest in the West where in San Francisco it totaled 18.1% and 11.8% in San Diego. Lesser annual gains were logged in Minneapolis (9.6%), Los Angeles (7.9%), Washington D.C. (7.3%), Cleveland (6.9%) and Phoenix (5.5%). Prices also rose in Boston (4.9%), Denver (4.4%), Dallas (3.3%) and Atlanta (0.3%). Widespread, though lessened, price declines continued in Detroit (-2.9%), Charlotte (-2.2%), Seattle (-2.8%), New York (-1.0%) and Portland (-0.4%).
The Case-Shiller home price series are value-weighted, i.e., a greater index weight is assigned to more expensive homes. The S&P/Case-Shiller home price series can be found in Haver's USECON database and the city data highlighted below is in the REGIONAL database.
It's Greek to Me is the title of yesterday's speech by Fed Governor Kevin Warsh and it can be found here.
| S&P/Case-Shiller Home Price Index (SA) | April m/m | March m/m | February m/m | April y/y | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|
| 20 City Composite Index | 0.4% | -0.2% | -0.1% | 3.8% | -13.3% | -15.7% | -3.8% | |
| Regional Indicators | ||||||||
| Atlanta | 0.9 | -1.4 | -0.7 | 0.3 | -11.6 | -8.5 | 0.7 | |
| Boston | 0.5 | 0.4 | -0.4 | 4.9 | -4.9 | -5.7 | -4.0 | |
| Chicago | 1.0 | -2.4 | -1.0 | -1.5 | -14.2 | -10.0 | -1.0 | |
| Dallas | 0.6 | 0.3 | -1.3 | 3.3 | -2.3 | -3.3 | 0.5 | |
| Denver | 0.6 | 1.1 | -0.4 | 4.4 | -2.8 | -4.9 | -1.7 | |
| Los Angeles | 0.8 | -0.4 | 0.1 | 7.9 | -15.4 | -24.2 | -5.2 | |
| New York | -0.1 | -0.2 | -0.1 | -1.0 | -9.8 | -7.4 | -2.8 | |
| San Francisco | 1.1 | 1.8 | 0.2 | 18.1 | -18.4 | -24.3 | -4.5 | |
| Tampa | 0.3 | 0.5 | -0.4 | -2.3 | -18.8 | -19.2 | -7.6 | |
