The April 2012 S&P Case Shiller home price index shows a -1.9% decline from a year ago for over 20 metropolitan housing markets and a -2.2% decline for the top 10 housing markets from April 2011. Home prices are now comparable to May 2003 levels for the composite-20 and March 2003 for the composite-10, but up for the month.
The March 2012 S&P Case Shiller home price index shows a -2.6% decline from a year ago for over 20 metropolitan housing markets and a -2.8% decline for the top 10 housing markets from March 2011. Home prices are back to October 2002 levels for the composite-20 and April 2003 for the composite-10 and are at new lows.
The February 2012 S&P Case Shiller home price index shows a -3.5% decline from a year ago over 20 metropolitan housing markets and a -3.6% decline for the top 10 housing markets from February 2011. Home prices are back to November 2002 levels for the composite-20 and April 2003 for the composite-10 and are new lows, not seasonally adjusted.
The S&P Case Shiller home price index shows a -3.8% decline from a year ago over 20 metropolitan housing markets and a -3.9% decline for the top 10 housing markets from January 2011. Home prices are back to January 2003 levels and both composite indices hit, yet again, new lows.
The S&P Case Shiller home price index shows a -4.0% decline from a year ago over 20 metropolitan housing markets and a -3.9% decline for the top 10 housing markets from December 2010. Home prices are back to early 2003 levels and new index lows. S&P itself has woken up and realized home prices have not yet reached a bottom.
In January, New Residential Single Family Home Sales decreased by -0.9%, or 321,000 annualized sales. This report has a ±16.6% monthly margin of error. December single family home sales were significantly revised, from 307,0000 to 324,000 new homes, a +5.4% revision.
Recent comments