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Home Prices Up Month/Month, down Year/Year (Chart, Table)
Rates started the day up after a better than expected Case Shiller home price report for April. Rates have since moderated and are close to even after consumer confidence was worse.
S&P Case-Shiller Home Price Index (April 2012)
- 20-city, Seasonally Adjusted – Month/Month +0.7%
- 20-city, not Seasonally Adjusted – Month/Month +1.3%
- 20-city, not Seasonally Adjusted – Year/Year -1.9%
- The news is that the housing market is showing some signs of life
- Full report
Retail Store Sales week ended 6/23
- ICSC-Goldman Store Sales, Week/Week +2.0%
- ICSC-Goldman Store Sales, Year/Year 2.7%
- Redbook Store Sales – Year/Year 2.3%
Consumer Confidence (June 2012)
- Consumer Confidence 62.0
- Previous was 64.9
Consumer Confidence is derived from a survey of 3,000 households and attempts to assess consumers predisposition to spend. Lately it has not been a good leading indicator.
Source:
