This morning the Case-Shiller HPI dropped by -1.1% in Q4 on a non-seasonally adjusted basis. The index was down -2.51% on an annual basis. This compares to a 3.31% quarterly rise in the third quarter. I continue to believe that housing prices will come under continued pressure throughout 2010 after the expiration of the government’s […]
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S&P Case Shiller HPI
The Conference Board’s Consumer Confidence Index declined to 47.7 in October from a revised figure of 53.4. This was well below the consensus forecast of 53.1, and the lwoest reading in four months. The October Present Situation index came in at 20.7 compared to 23.0 in September, while the October Expectations index finished at 65.7 […]
This week looks to be another whirlwind week of significant economic releases coming from the consumer and housing sectors, along with an update on 2Q09 GDP growth. In addition to this, Monday will see the end of the US government’s highly successful ‘Cash for Clunkers’ program, which over the course of its existence has positively […]