Tag Archives: S&P/Case Shiller Home Price Indices

The Federal Housing Finance Agency (FHFA) released its latest home price measure this week, reinforcing a theme of slowing increases reported in similar gauges. According to the agency, home prices showed no change month-over-month in April, down from an increase of 0.7 percent the month prior.

In its latest S&P/Case-Shiller Home Price Indices report, S&P Dow Jones Indices recorded an annual price increase of 10.8 percent among both the 10- and 20-city composites. Those figures compare to year-over-year increases of 12.6 percent and 12.4 percent, respectively. A consensus of economists surveyed by Econoday called for a gain of 11.4 percent in the 20-city index.

The S&P/Case-Shiller Home Price Indices, released Tuesday, recorded a seasonally adjusted 1.2 percent monthly rise in prices across 20 of the country's top markets. Compared to a year ago, March prices were up 12.4 percent, a step back from the 12.9 percent annual increase recorded in February. "The year-over-year changes suggest that prices are rising more slowly," said David M. Blitzer, chairman of the Index Committee at S&P Dow Jones Indices.

Home prices as measured by S&P Dow Jones performed more or less as expected in February, with annual growth rates continuing to slow. The S&P/Case-Shiller Home Price Indices shows prices among 20 of the nation’s biggest markets grew 0.8 percent on a seasonally adjusted basis in February, matching January’s rate of growth. Unadjusted, the index was unchanged month-over-month.

Black Knight Financial Services released its Home Price Index (HPI), noting that home prices in the U.S. rose 0.7 percent for the month of February to an average of $233,000. Black Knight's report falls between last week's FHFA House Price Index and the S&P Case-Shiller index(slated for release Tuesday), offering a more well-rounded view of market trends for the spring and upcoming summer months.

Following two other reports on home price changes in January, the Federal Housing Finance Agency (FHFA) released its own House Price Index (HPI), pinning monthly growth at a seasonally adjusted 0.5 percent. December’s index, meanwhile, was revised slightly downward to show a 0.7 percent increase. According to the agency, the most recent improvement marks the 23rd in the last 24 months.

The S&P/Case-Shiller Home Price Indices, released Tuesday, showed a 0.8 percent seasonally adjusted month-over-month improvement in January, topping the 0.7 percent gain forecast in a poll of economist conducted by Reuters. On an unadjusted basis, the 20-city composite index posted its third monthly decline at -0.1 percent. The 10-city index ticked up a negligible amount, meanwhile.

The Data & Analytics division of Black Knight Financial Services (BKFS) reported no monthly change in its Home Price Index (HPI) for January, underlining the question as to where other home price reports—including the monthly Case-Shiller Home Price Indices—will land for the year’s first month. BKFS’ latest report shows the index registering $232,000 in January, unchanged from the end of 2013. Year-on-year, the index was up 8 percent from $215,000.

S&P Dow Jones Indices released Tuesday its S&P/Case-Shiller Home Price Indices for December, showing national prices up 11.3 percent as of year-end, a slight pickup over the previous quarter’s annual improvement of 11.2 percent. The national index covers all nine U.S. census divisions. While prices were strong in Q4 compared to the previous year, they were down relative to Q3, dropping 0.3 percent.

The Data & Analytics division of Black Knight Financial Services released on Monday its latest Home Price Index (HPI), noting an increase of 0.1 percent in home prices to $232,000 for the month of December. The largest states experienced varying degrees of home price changes: California experienced no change; Florida rose 0.6 percent; New Jersey fell 0.1 percent; New York rose 0.7 percent; and Texas rose 0.4 percent.