The S&P/Case-Shiller home price composite 20-city index dropped 1.0% in January over the previous month on a non-seasonally adjusted basis (December: -1.0% month-on-month), which represented the sixth consecutive month of falling prices. At the current level, prices are 3.1% lower than in the same month last year. Owing to the weakness of the housing market observed over recent quarters, home prices are steadily descending to the trough recorded in April 2009. That said, home prices have only recovered an accumulated 1.1% since the low and remain 31.8% below the July 2006 peak. According to S&P, ?the housing market recession is not yet over, and none of the statistics are indicating any form of sustained recovery?.
United States Housing
Home prices continue to tumble at the outset of 2011
March 29, 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).
October 3, 2016
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.