S&P Case-Shiller HPI | |||||||||||||||||||||||||||
| |||||||||||||||||||||||||||
Home price appreciation is very strong but is a bit less frothy than during the spring. Case-Shiller's 20-city adjusted index is up 0.9 percent in the June report vs an average monthly gain of 1.4 percent from January to May. But the year-on-year adjusted gain, at a very sizable 12.0 percent, is just off its best level of the recovery which is May at plus 12.2 percent. Monthly declines have been popping up in the data for the first time this year but are still isolated and mostly marginal. Year-on-year rates are strongest out West, around the 20 percent area led by Las Vegas at 24.8 percent and San Francisco at 24.4 percent. Note that West coast cities posted some of the sharpest declines during the 2008 meltdown. Cities showing the least gains this year are New York, at a year-on-year plus 3.2 percent, and Cleveland at 3.4 percent. Unadjusted data are followed closely in this report and tell the same story with the year-on-year rate at 12.1 percent for the 20-city index. The unadjusted monthly gain in June, a month when buyer traffic is strong and sellers have pricing power, is 2.2 percent vs a revised 2.5 percent in May. Prices for existing homes are very strong and remain a major plus for homeowners. Next housing data on the Econoday calendar will be tomorrow with purchase applications followed by pending home sales.
Source: Bloomberg
|
Give a more longer term perspective of Economic trends and the Macroeconomic and Monetary Interdependence of the Global Economy. With the Background of this approach the blog will deal with the implications for Investment decisions. The author believes that China and the Asia Pacific Region are and will be the powerhouse for the global economic growth for years to come. It will also cover IT because of its momentum driver for economic growth.
Tuesday, 27 August 2013
S&P Case-Schiller HPI 0.9% in June
Popular Posts
-
Top political advisor Yu Zhengsheng Wednesday promised more opportunities for political advisors to advise on state affairs. The politica...
-
In an article published today in the Wall Street Journal: "The U.S. boom in natural-gas production is luring investment from foreig...
-
As China’s e-commerce giant Alibaba prepares for an IPO in the U.S, other Chinese internet heavyweights are also considering IPO destinati...
-
They are scattered all over Asia and come from all socioeconomic backgrounds. You will find them in places like Chiang Mai and Phuket in T...
-
Nominal GDP Year Country/Region ...
-
"Premier Li Keqiang has rejected an urbanization proposal drafted by the National Development and Reform Commission (NDRC), seeking...
-
Euro zone economic integration may have reached its limits for now even though the 18-country monetary union needs a treasury to make it wo...
-
China will continue to expand the cross-border use of the yuan this year, the central bank said on Wednesday. People's Bank of Chin...
-
London copper hit its highest in nearly three weeks on Monday, after Shanghai copper rallied to a four-month peak, spurred by tight supply...
-
The ongoing Ukraine crisis has jolted the country's trade and energy markets. Ukrainian businessmen are going through hard times. Anal...