2017 Economic Calendar
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S&P Corelogic Case-Shiller HPI  
Released On 2/28/2017 9:00:00 AM For Dec, 2016
PriorPrior RevisedConsensusConsensus RangeActual
20-city, SA - M/M0.9 %0.7 %0.6 % to 0.9 %0.9 %
20-city, NSA - M/M0.2 %0.3 %
20-city, NSA - Yr/Yr5.3 %5.2 %5.4 %5.3 % to 5.5 %5.6 %

Highlights
Lack of resales on the market is driving up prices, up a very sharp 0.9 percent in December which hits Econoday's high estimate. Year-on-year, prices rose 4 tenths to 5.6 percent for the best rate since January last year. In a sign of widening traction, strength is appearing in some of the weaker cities with Chicago posting a 1.5 monthly gain and Cleveland and Boston both 1.1 percent and with New York and Washington DC right behind at 1.0 percent. Western names still lead the overall picture with Seattle at a year-on-year 10.8 percent followed by Portland at 10.0 percent.

Consensus Outlook
The Case-Shiller 20-city index has settled into a steady and moderate climb, holding at the low end of the 5 percent annual range for the past 2 years. December was a good month for the index which jumped 0.9 percent for a year-on-year rate of 5.3 percent. For January, forecasters are calling for a strong 0.7 percent monthly rise and a 5.4 percent rate.

Definition
The S&P Corelogic Case-Shiller home price index tracks monthly changes in the value of residential real estate in 20 metropolitan regions across the nation. Composite indexes and regional indexes measure changes in existing home prices and are based on single-family home resales. Condominiums and co-ops are excluded as is new construction.  Why Investors Care
 
[Chart]
The Case-Shiller Home Price Index is based on repeat transactions. That is, appreciation or depreciation is for same houses resold. This index is probably the best measure of changes in home prices. While it covers the gamut of types of houses sold, it is limited to metropolitan areas.
Data Source: Haver Analytics
 
 

2017 Release Schedule
Released On: 1/312/283/284/255/306/277/258/299/2610/3111/2812/26
Release For: NovDecJanFebMarAprMayJunJulAugSepOct
 


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