U.S. House Price Indexes Update
All of the indexes fell in September.
Global Macro Perspectives
All of the indexes fell in September.
Seasonly adjusted S&P/Case-Shiller HPI 10 city composite fell 0.7% In September; On year level 10 city index is up 1.5%.
Seasonly adjusted S&P/Case-Shiller HPI 20 city composite fell 0.8%; On year level 20 city index is up 0.5%.
U.S. new home sales in October were reported at 283.000 SAAR vs. consensus of 314.000 SAAR and prior reading of 307.000 SAAR.
MBA mortgage applications rose 2.1%; Prior reading was a decrease of 14.4%; On year level MBA Basic Index is up 21.3%.
Sales of existing homes in U.S. fell 2.2% to 4.43 million units SAAR. Consensus was at 4.5 million…
(For September 2010) Moody’s/REAL National Commercial Property Index rose 4.3% in September and it is now running at +0.3% y-o-y. The relatively large swings in the index in recent months are due in part to the uncertain macroeconomic environment and the low number of repeat-sale transactions. In the first nine months of 2010, four months have measured […]
U.S. housing starts in October fell 11.7% to 519.000 vs. revised (10.000 lower) 588.000 September reading. The consensus was at 598.000. On year level U.S. housing starts are down 1.9%…
MBA mortgage applications fell 14.4%; Prior reading was an increase of 5.8%; On year level MBA Basic Index is up 13.4%…
Housing Market Index for November was reported at 16 vs. 15 in October (revised from 16). Consensus was at 17. Future component leading the index higher. Negative report; no improvements on the horizon as I believe future expectations components is overstated compared with traffic of perspective buyers component…
(For The Week Ending October 29, 2010) MBA mortgage applications fell 5.0%; Prior reading was an increase of 3.2.%; On year level MBA Basic Index is up 29.4%. Chart 1. Mortgage Bankers Association Basic Index SA MBA Refinancing index fell 6.4%; Prior reading was an increase of 3.0.%; On year level MBA Refinancing Index is […]
(For September 2010) U.S. construction spending rose 0.5% m-o-m in September vs. -0.5% consensus and revised (down -0.6%) 0.2% fall in August. On year level we are at -10.4%. Revisions are so big that one can’t rely on this data. Chart 1. U.S. Construction Spending
(For September) U.S. new home sales in September were reported at 307.000 SAAR, the consensus was at 300.000 SAAR, prior reading was at 288.000 SAAR. Chart 1. U.S. New Home Sales SAAR
(For The Week Ending October 22, 2010) MBA mortgage applications rose 3.2%; Prior reading was a decrease of 10.5.%; On year level MBA Basic Index is up 47.4%. Chart 1. Mortgage Bankers Association Basic Index SA MBA Refinancing index rose 3.0%; Prior reading was a decrease of 11.2.%; On year level MBA Refinancing Index is up 96.6%. Chart […]
(For August 2010) FHFA Purchase Only House Price Index rose 0.4% in August. Housing index data is complete now, feels slightly negative but nothing alarming. Chart 1. FHFA Purchase Only House Price Index vs. CoreLogic Home Price Index, Radar Logic Composite 25 – 28 Day, S&P/Case-Shiller Home Price Index – Composite 20
No recovery in sight, but also the price declines are not worrying (jet). Chart 1. U.S. House Price Indexes