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Case-Shiller Home Price Appreciation 'Stable' At Around 5% YoY
For the first time since April, Case Shiller Home Prices rose month-over-month (though barely at +0.11%). However, this very modestly better than expected print was all thanks to downward revisions of previous data. San Francisco continues to lead the 20-city index with a 10.7% YoY gain. This is the 6th month in a row in which year-over-year gains are basically stagnant at +5%
The first MoM gain in 3 months, thanks to downward revisions...
Leaving YoY gains basically flat for 6 months...
The S&P/Case-Shiller U.S. National Home Price Index, covering all nine U.S. census divisions, recorded a slightly higher year-over-year gain with a 4.7% annual increase in August 2015 versus a 4.6% increase in July 2015. The 10-City Composite increased 4.7% in the year to August compared to 4.5% in the prior month. The 20-City Composite’s year-over-year gain was 5.1% versus 4.9% in the year to July.
Before seasonal adjustment, the National Index posted a gain of 0.3% month-over-month in August. The 10-City Composite and 20-City Composite both reported gains of 0.3% and 0.4% month-over-month respectively. After seasonal adjustment, the National Index posted a gain of 0.4%, while the 10-City and 20-City Composites both increased 0.1% month-over-month. Eighteen of 20 cities reported increases in August before seasonal adjustment; after seasonal adjustment, five were down, 11 were up, and four were unchanged.
San Francisco, Denver and Portland reported the highest year-over-year gains among the 20 cities with price increases of 10.7%, 10.7%, and 9.4%, respectively. Fifteen cities reported greater price increases in the year ending August 2015 versus the year ending July 2015. San Francisco and Denver are the only cities with double digit increases, and Phoenix had the longest streak of year-over-year increases. Phoenix reported an increase of 4.9% in August 2015, the ninth consecutive increase in annual price gains. Portland posted a 9.4% annual increase, up from 8.5% in July 2015; this is the biggest jump in year-over-year gains this month.
“Home prices continue to climb at a 4% to 5% annual rate across the country,” says David M. Blitzer, Managing Director and Chairman of the Index Committee for S&P Dow Jones Indices.“Most other recent housing indicators also show strength. Housing starts topped an annual rate of 1.2 million units in the latest report with continuing strength in both single family homes and apartments. The National Association of Home Builders sentiment survey, reflecting current strength, reached the highest level since 2005, before the housing collapse. Sales of existing homes are running about 5.5 million units annually with inventories of about five months of sales. However, September new home sales took an unexpected and sharp drop as low inventories were cited as a possible cause.
Charts: Bloomberg
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completely normal with incomes dropping and inflation at 1%..
Useful in seeing where those "with" are gathering. And what they are moving away from?
Look at the CPI housing component and try to find that 5%...
They use rent equivalents for an owner-occupied home. Well, that's the official story anyway. Reality is they plug the number to get the desired end result.
Yippy we're all paper rich! Granite counter tops here I come!
Not.
Its kind of funny looking at the chart isn't it, almost as if it was well planned, the major dip ( BUSHES FAULT ) to the meaningless rise to even ( masked as an OBAMA recovery )....
classic CNBC
cramer saying how positive it is that congress up'd the debt ceiling
congrats dickheads, u just took our debt from $19 trillion to north of $20 trillion
real hard stuff that "deal" was
fucking geniuses
give urselves a pat on the back and take urselves out for drinks (oh, throw that on the american taxpayers credit card 2 ... u deserved it)
You can't hold an economy hostage to a debt ceiling debate or a gvt default, we learned that years ago and legislated the president to over ride such nonsense.
Reality suggests that with a never ending increase in US population that housing costs will continue to RISE, long term.
Just simple demographics.
75% of population growth since 2000 from immigration, 100 million more by 2065
Already Amish young people who ordinarily would have their own farms are now working in factories and so forth because land is too expensive.
Look at the cost of renting an apartment.
The future for whites is BLEAK, sooner or later they will realize it...
Refugees pushing German hospitals to 'breaking point' AIDS, syphilis, open TB and many exotic diseases
“Diversity, openness, and tolerance” = White genocide.
Now that Blackrock and other funds got their 30% government subsidy to buy homes in bulk to take them off the market and put them into house-for-rent pools, there is more stable ownership ... but it is not individuals who are owning the properties. Young individuals cannot afford to buy their own housing. They are being herded toward the overpriced rent market.
Blackrock just as crony as Warren "the crony" Buffett. They are ripping off America with the Federal Reserves blessing.
Portland and Denver behind SanFran? I wonder if recreational weed is a factor!
"Low inventories" HAHAHAHAHA I'm good now, I can skip the comedy club this weekend.
Thanks god wages rise at a much faster rate. /sarc
"Case-Shiller Home Price Appreciation 'Stable' At Around 5% YoY"
That sounds a bit like the Goldman-Shill Index. How does this look in terms of a GS Swirlogram?
"Yo, da new Ivy League grads be needing pics and graphs." /s
Now that Asians and Whites are Persona Non-Grata at these schools (as admission is now reserved for Jews and Blacks: The Jews to rule, and the Blacks to act as a grateful buffer/fools against real competition from Asians and Whites). IMHO.
It's all good until you hit another 20% devaluation trough again. Tick tock motherfuckers!