2017 Economic Calendar
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S&P Corelogic Case-Shiller HPI  
Released On 7/25/2017 9:00:00 AM For May, 2017
PriorConsensusConsensus Range
20-city, SA - M/M0.3 %0.3 %0.3 % to 0.7 %
20-city, NSA - M/M0.9 %0.8 %0.6 % to 1.0 %
20-city, NSA - Yr/Yr5.7 %5.8 %5.8 % to 6.0 %

Recent History Of This Indicator
Case-Shiller prices topped out early in the year and have been moderating since. The consensus for the 20-city adjusted index is only 0.3 percent in May, the same gain as April. May is a busy month for home sales and is reflected in the consensus for the unadjusted monthly index where the consensus is for a 0.9 percent gain. Year-on-year, the unadjusted index is expected to come in at 5.8 percent in what would be a 1 tenth gain.

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 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
 
[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: 1/312/283/284/255/306/277/258/299/2610/3111/2812/27
Release For: NovDecJanFebMarAprMayJunJulAugSepOct
 


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