Recent Updates
- UK Regional: Scotland: Monthly GDP (Aug)
- Canada: Retail Trade (Aug), CPI (Sep)
- Cambodia: CPI (Aug)
- Malaysia: Motor Vehicle Sales (Sep)
- Pakistan: BOP (Sep), Trade in Services (Q3)
- more updates...
Economy in Brief
U.K. Inflation Fluctuates in a Low Band
Sequential U.K. inflation has no clear trends, but its profile remains in a low band of outcomes...
U.S. Housing Starts Rebound in September
Housing starts rose 1.9% (11.1% y/y) in September to 1.415 million units (SAAR)...
U.S. Energy Product Prices Are Mixed
Natural gas prices increased 13.6% (-3.6% y/y) to $2.17/mmbtu in the week ended October 16...
German Inflation Is Still Falling But Show Signs of Stirring
German PPI trends continue to be weak and show prices declines when expressed as y/y changes...
U.S. Home Builder Sentiment Logs Another Record High
The Composite Housing Market Index from the NAHB-Wells Fargo increased 2.4% to a record 85 during October...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Tom Moeller June 26, 2012
Prices in most markets improved m/m during April, notably in Phoenix, San Francisco, Tampa, Washington D.C., Minneapolis, Miami and Los Angeles. Losing momentum were prices in Detroit, New York and Boston.
The Case-Shiller home price series is value-weighted, i.e., a greater index weight is assigned to more expensive homes. It is a three-month moving average and is calculated using the "repeat sales method," where the item measured is the price change for a specific house compared to the price for that same house the last time it sold. The nation-wide S&P/Case-Shiller home price indexes can be found in Haver's USECON database, and the city data highlighted below are in the REGIONAL database.
| S&P Case-Shiller Home Price Index (SA, %) | Apr | Mar | Feb | Apr Y/Y |
2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|
| 20 City Composite Index | 0.7 | 0.7 | 0.1 | -1.9% | -3.9 | 1.3 | -13.3 |
| Regional Indicators | |||||||
| Atlanta | 0.8 | -0.3 | -2.0 | -17.0 | -7.0 | -2.4 | -11.6 |
| Boston | -0.1 | 0.8 | -0.1 | 0.1 | -2.0 | 1.9 | -4.9 |
| Chicago | 0.5 | -1.1 | -0.7 | -5.5 | -6.8 | -3.7 | -14.2 |
| Cleveland | 0.6 | 0.8 | -0.1 | -1.3 | -4.3 | 0.7 | -4.8 |
| Dallas | 0.5 | 1.4 | 0.6 | 2.9 | -2.4 | 0.1 | -2.3 |
| Denver | 0.4 | 1.1 | 0.3 | 2.8 | -2.1 | 0.9 | -2.8 |
| Detroit | -2.1 | -1.2 | 0.3 | 1.4 | -0.0 | -3.4 | -21.3 |
| Las Vegas | 0.9 | 0.6 | 0.2 | -5.9 | -6.5 | -7.7 | -29.8 |
| Los Angeles | 1.1 | 0.5 | 0.1 | -3.6 | -3.4 | 5.3 | -15.4 |
| Miami | 1.2 | 1.9 | 1.4 | 3.2 | -4.9 | -2.1 | -22.0 |
| Minneapolis | 1.3 | 0.8 | 1.3 | 3.9 | -8.2 | 3.2 | -15.7 |
| New York | -0.1 | -0.2 | -0.5 | -3.7 | -3.1 | -1.5 | -9.8 |
| Phoenix | 2.3 | 2.7 | 2.3 | 8.6 | -7.3 | -0.3 | -28.0 |
| Portland | 0.7 | 0.1 | 0.6 | -0.9 | -7.2 | -3.2 | -12.8 |
| San Diego | 0.7 | 0.4 | 0.6 | -1.8 | -4.4 | 7.3 | -13.3 |
| San Francisco | 1.5 | 1.0 | 1.2 | -1.4 | -4.9 | 9.3 | -18.4 |
| Seattle | 0.6 | 2.0 | -0.4 | -0.9 | -6.6 | -3.6 | -14.3 |
| Tampa | 1.4 | 1.3 | 0.9 | 0.8 | -6.6 | -4.0 | -18.8 |
| Washington, D.C. | 1.4 | 1.8 | -0.5 | 1.6 | -0.4 | 4.7 | -10.8 |
