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U.S. house prices declined 0.6% in July following June's downwardly revised -0.3%, the Office of Federal Housing Enterprise Oversight (OFHEO) reported Tuesday. The consensus had been looking for a decline of 0.2% in the month. Prior to revision, June's index had come in flat on the month. For...
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U.S. house prices fell 0.3% month-over-month in May following April's 0.8% pullback, the Office of Federal Housing Enterprise Oversight (OFHEO) reported Tuesday. The consensus had been looking for a 0.8% month-over-month pullback in May. "It is very hard to draw conclusions from a one-month number, especially...
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The S&P/Case Shiller house price index, data from the OFHEO and the Richmond Fed's manufacturing report will highlight the U.S. economic releases as Canadian markets receive employment insurance data and comments from Finance Minister Jim Flaherty. At 7:45 a.m. EDT, ICSC chain store sales will be released...
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U.S. house prices fell 0.8% month-over-month in April following March's revised 0.6% decline, the Office of Federal Housing Enterprise Oversight ( OFHEO ) reported Tuesday. The consensus had been looking for a 0.4% month-over-month pullback in April. Leading the decline was a 2.0% month-over-month fall...
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House prices fell 0.4% month-over-month in March following February's revised 0.4% gain, and declined 1.7% quarter-over-quarter in Q1 compared to a previous 0.1% gain, the Office of Federal Housing Enterprise Oversight (OFHEO) reported Thursday. The quarterly fall was the largest decline on record. The...
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The new monthly OFHEO purchase-only home price index is expected to fall 1.5% in February, following a 1.1% decline in the January report. The purchase-only index, based on data from home sales, was introduced in OFHEO�s fourth quarter 2007 House Price Index (HPI) report, and provides home price conditions...
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U.S. house prices rose 0.6% in February following January's 1.1% decline, the Office of Federal Housing Enterprise Oversight (OFHEO) reported Tuesday. Economists had expected a monthly decline of 1.5%. In the previous month, U.S. home prices fell 1.1% between December 2007 and January 2008, contributing...
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Two reports on house prices were released on Tuesday and neither was happy news for homeowners or for the real estate industry. The S&P/Case Shiller U.S. National Home Price Index showed that the decline in house prices accelerated in the fourth quarter of 2007 with a 5.4 percent drop. The third...
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The Standard & Poor's/ Case-Shiller home price index for October, released on Wednesday, fell again for what is the 10th consecutive month. The 6.7 percent drop from figures a year earlier was the largest recorded by the index since April, 1991 when prices declined 6.3 percent. The S&P/Case-Shiller...
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It is sometimes hard to keep up with all of the housing surveys that come from economic forecasters, trade associations, and the government but one we always look forward to is the quarterly Office of Federal Housing Enterprise Oversight ( OFHEO ) House Price Index (HPI) study. The OFHEO report is interesting...