S&P/Case-Shiller Home Price Indexes Fell In October
(For October 2010)
Seasonly adjusted S&P/Case-Shiller HPI 10 city composite fell 0.9% In October; On year level 10 city index is up 0.2%.
Chart 1. S&P/Case-Shiller Composite 10
Seasonly adjusted S&P/Case-Shiller HPI 20 city composite fell 1.0%; On year level 20 city index is down 0.8%.
Chart 2. S&P/Case-Shiller Composite 20
I contrast to strong consumption data house prices are a weak link in the U.S. economy.