Tuesday, August 28, 2012

Case-Shiller Home Price Index 8/28/12

The S&P/Case-Shiller Home Price Index for June 2012 was released today. The 20-City Composite is up 0.46% compared to June 2011 (seasonally adjusted) and is up 0.94% compared to the previous month. 18 of the 20 cities in the Composite-20 were up in June compared to the previous month. 13 of the 20 cities are now up year over year.

June has historically been the strongest month when looking at the Non-Seasonally Adjusted (NSA) month over month gains for the Composite-20. October through February are the weakest months with average returns that are negative. During the recovery from the housing crisis, it seems as if the NSA patterns were not fully accounted for in the Seasonally Adjusted (SA) numbers. In the last 3 years, the SA August through February returns were negative on average, while March through July have been positive. It will be interesting to see what happens this winter with the housing index.

Below is an interactive graph. You can interact with the graph by choosing what to display. The CITY category contains all 20 markets as well as the Composite-10 and Composite-20 index. The choices in the TYPE category are All, Condos, and High, Low and Middle Tiers. The prices of homes in each city are divided into three tiers. Each city has different breakpoints. For example, for the latest release in Las Vegas the Low tier is homes under $116,094 and the High tier is over $179,537. In San Francisco the Low tier is under $338,227 and the high tier is over $614,301. The SA/NSA category allows you to view Seasonally Adjusted data (SA) and/or Non-Seasonally Adjusted data (NSA). If you left click on a category, the chart will update with only data for that item in that category. If you hold the CONTROL button down while left clicking, it will toggle that item on and off while leaving the other items in that category the same allowing you to add or subtract items. If you hold the SHIFT key down while left clicking, it will add all items in between where you clicked and the item you last clicked. You can clear all selections in a category by clicking the Filter Icon on the top right of each category (looks like a funnel with a X). You can also refresh the page to bring it back to its original state.

All information, data and analysis provided by this website is for informational purposes only and is not a recommendation to buy or sell any security.   Click here for more details.

Furthermore, these charts have limitations.  Economic data is often revised after the fact.  The market is forward looking and anticipates future events.  The unexpected can and will happen.  The market is continually changing.  The conditions of the past are different from the present.  Past performance is not an indication of future performance.