Case-Shiller Home Price Index Improves in April

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Economic Update: S&P Case-Shiller Home Price Index

The S&P/Case-Shiller report shows house prices in the U.S. fell once again on a year-over-year comparison basis in the month of April but rose on monthly basis.

The S&P/Case-Shiller Home Price Index of 20 metro areas shows that home prices in the U.S. fell by -1.9% year-over-year, which was a bit better than expectations for a decline of -2.4% and last month’s -2.6% drop (February: -3.4%).

However, on a monthly basis the 20-city index was up +0.67%, which was above expectations for +0.30% and last month’s +0.09%. Dow Jones reports that this was the best monthly increase in 2 years.

The Case-Shiller Index is a three month moving average prices and covers nearly half of all U.S. Homes.

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Other stories on the US Economy to review:

• Chicago Fed National Activity Index Falls in May
  
• Existing Homes Sales Fall But Prices Rises
  
• LEI Rises in May: Points to "Muddle Through"
  
• Philly Fed Plunges in June
  
• Flash PMI in US Shows Manufacturing Growth Slowing
  
• Housing Starts Down But Permits Up Strong
  
• UofM's Consumer Sentiment also Weak
  
• Industrial Production and Capacity Utilization Below Expectations
  
• Empire Manufacturing Disappoints in June
  
• CPI Declines in May
  
• Business Inventories Above Expectations in April
  
• Retail Sales Fall Across Board in May
  
• PPI Shows Inflation Fell at Producer Level in May
  
• NFIB Small Business Optimism Pulls Back
  
• ISM Non-Manufacturing Index Above Expectations
  
• Some Good News: Employment Trend Index Moves Up
  
• May Jobs Report Disappoints Big Time
  
• ISM Report Shows Growth Slowing
  
• Q1 GDP Revised Lower

 

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