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 %

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.

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 U.S. Composite indexes and regional indexes measure changes in existing home prices and are based on single-family home re-sales. The expanded 20-city measure is the key series. The original series (still available) covered 10 cities. A national index is published quarterly. The indexes are based on single-family dwellings with two or more sales transactions. Condominiums and co-ops are excluded as is new construction. The Case-Shiller Home Price Indices are published monthly on the last Tuesday of each month at 9:00 AM ET. The latest data are reported with a two-month lag. For example data released in January 2016 are for November. Note that S&P, citing large seasonal swings in the housing sector and the risk of adjustment inaccuracies, urges readers to track unadjusted data in this report.  Why Investors Care
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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