Latest Case Shiller & FHFA Home Prices. Strong New Home Sales.

S&P Case-Shiller Home Price Index  (December 2012)

- 20-city Month/Month (seasonally adjusted) 0.9%

- 20-city Month/Month (not seasonally adjusted) 0.2%

- 20-city Year/Year (not seasonally adjusted)  6.8%

- This data looks positive but keep in mind that this is December data and last week’s NAR Existing Home Sales Report showed that the median price in January fell $6,600.

- Full report here and charts below

New Home Sales (January 2012)

- New Home Sales (seasonally adjusted, annualized) 473,000, up 15.6%

- Previous was 378,000 and expectations were for 380,000

- Supply decreased down to 4.1 months. Below 6 months is a normal market and record high was 12.1 months of supply in January 2009.

- Median sales price +2.1% to $226,400

- A strong report all around

FHFA Home Price Index  (December 2012)

- Month/Month +0.6%

- Year/Year +5.8%

- These are sales of single-family homes purchased with FNMA or FHLMC loans.

- Full report here and chart below

Chain Store Sales (week ended 2/23/ 2013)

ICSC-Goldman

- Store Sales – Week/Week 0.1%. Previous was +2.7%

- Store Sales – Year/Year  2.9%. Previous was +1.8%.

Redbook

Store Sales Year/Year +2.7 %. Previous was 3.1%.

Consumer Confidence (February 2013)

Consumer Confidence Level 69.6.  Previous was 58.4.

Richmond Federal Reserve Manufacturing Index (February 2013)

- Level change is +6.  Previous was -12.

 

 
Processing your request...

 

 

Professional Basis Login

 

|

Retrieve Your Login Information

Please enter the email address associated with your Professional Basis account. Your login information will be sent at that address.

|