In April, the S&P/Case-Shiller home price composite 20-city index decreased 4.0% over the same month last year, confirming fears of a double-dip in the housing market. The print was in line with market expectations but below the 3.8% decline tallied in March. As a result, the index sits just a tad above its lowest level in over eight years. On a seasonally adjusted basis, the index dropped 0.1%, which marked the smallest decline in nine months. However, according to S&P, ?for a real recovery we would need to see several months of increasing home prices, large enough to shift the annual momentum to the positive side. In short, better news, but still a lot of questions and a long way to go.?
United States Housing
Home prices continue to drop, confirming double-dip
June 28, 2011
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United States Economic News
United States: Clinton’s lead over Trump widens but presidential election results are still uncertain
October 20, 2016
Only a few weeks ahead of the 8 November presidential elections, major polls suggest that Hillary Clinton has extended her lead over Donald Trump, but the presidential race will be decided in the most fiercely contested states.
October 14, 2016
In September, nominal retail sales expanded 0.6% over the previous month.
October 7, 2016
Non-farm payrolls grew 156,000 in September, which came in below August’s upwardly-revised increase of 167,000 (previously reported: +151,000).
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The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August.
September 27, 2016
The S&P/Case-Shiller 20-city home composite index rose 0.6% in July over the previous month.