S&P Case-Shiller HPI
Released On 8/28/2012 9:00:00 AM For Jun, 2012
Prior Consensus Consensus Range Actual
20-city, SA - M/M 0.9 % 0.4 % 0.2 % to 1.0 % 0.9 %
20-city, NSA - M/M 2.2 % 1.4 % 0.9 % to 1.5 % 2.3 %
20-city, NSA - Yr/Yr -0.7 % 0.0 % -1.5 % to 1.0 % 0.5 %
Highlights
Home prices are clearly on the recovery with Case-Shiller reporting a 0.9 percent rise for its 20-city index. This is the fifth rise in a row and the fourth very strong rise in a row. The year-on-year rate, at plus 0.5 percent, shows its first positive reading in nearly 2 years. Gains sweep 18 of the 20 cities led by a sharp rebound for Detroit and a third straight monthly rebound for Atlanta. West Coast cities also show strong gains.
Unadjusted data, which are actively tracked in this report, show an even stronger monthly gain at 2.3 percent. The higher rate for the unadjusted reading is no surprise as summer is a strong period for home sales. The year-on-year unadjusted rate is the same as the adjusted rate and, like the adjusted rate, shows its first gain in nearly 2 years.
The housing sector may be finally gaining traction as lower supply is helping to boost prices. This report should be a positive for today's stock market. |
发表于 2012-8-28 09:53
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