The S&P/Case-Shiller home price composite 20-city index dropped 1.1% in February over the previous month on a non-seasonally adjusted basis (January: -1.1% month-on-month), which represented the seventh consecutive month of falling prices. As a result, prices have slid 3.3% below the level recorded in the same month last year. In February, home prices fell back to the trough recorded in April 2009, corroborating the notion of an unconvincing recovery in the housing market. That said, home prices remain 32.6% below the July 2006 peak. According to S&P officials, ?recent data on existing-home sales, housing starts, foreclosure activity and employment confirm that we are still in a slow recovery?.
United States Housing
Home prices fall back to April 2009 trough, raising concerns about a double-dip in housing market
April 26, 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.