Recent Updates
- France: **France Wages and Earnings Rebased to Q2-2017=100**
- Flash PMIs: Japan, France, Germany, Euro Area, US (Sep)
- Canada: CPI (Aug), Retail Trade (Jul)
- Canada Regional: CPI by Province (Aug), Retail Trade by Province (Jul)
- Norway: International Reserves (Aug), Government Debt (Q2); Finland: Quarterly Sector Accounts, Government Balance (Q2); Denmark: Property Price Indexes (Q2); Iceland: Wage Index (Aug)
- Turkey: IIP & Intl Reserves (Jul); South Africa: Retail Survey (Q4); Mauritius: PPI (Jun); Lebanon: CPI (Aug)
- more updates...
Economy in Brief
EMU Sinks on New Flash PMI Readings
The EMU PMI sank to its cyclical low in mid-2016 then hit its cycle higher in 2018...
U.S. Financial Accounts See Borrowing Ease with Downswing in Federal Government Needs
Borrowing in U.S. financial markets slowed in Q2 2018...
U.S. Leading Economic Indicators Increase
The Conference Board's Composite Index of Leading Economic Indicators increased 0.4% (6.4% y/y)...
U.S. Existing Home Sales Hold Steady
The National Association of Realtors reported that sales of existing homes during August were unchanged at 5.340 million (SAAR, -1.5%)....
Philadelphia Fed Factory Conditions Improve; Prices Weaken Again
The Philadelphia Fed that its General Factory Sector Business Conditions Index rose to 22.9 during September...
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 |
