In June, the unadjusted S&P/Case-Shiller 20-city home price composite index increased 2.3% over the previous month. The figure mirrored the 2.3% rise registered in May and exceeded market expectations of a 1.4% increase. The figure marks the third consecutive rise in the index, in which home prices have gained an accumulated 5.9%. On an annual basis, home prices are 0.5% above the same month last year, contrasting the 0.7% annual fall recorded in May and marking, in fact, the first increase in annual terms since September 2010. 14 of the 20 cities surveyed posted gains over the same month last year. That said, despite the improvement seen in recent months, home prices still remain 31.0% below the peak reached in July 2006. According to S&P, "the market may have finally turned around" as "we seem to be witnessing exactly what we need for a sustained recovery, monthly increases coupled with improving annual rates of change".
United States Housing
Home prices rise in annual terms for the first time since 2010
August 28, 2012
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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
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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.