Keeping you up to date on the latest data releases.
The S&P Case-Shiller national housing price composite fell to an index level of 125.6, representing a 3.8 percent decline during the fourth quarter of 2011 and 4.0 percent decline from the fourth quarter of 2010. Both the 10- and 20-city composites were down 1.1 percent in December and fell 3.9 percent and 4.0 percent, respectively from December 2010. All three composites ended at record lows in 2011 since the peak in 2006. The national index is at the lowest level since the third quarter of 2002, while the 10- and 20-city indexes are back to mid-2003 index levels.
The Federal Housing Finance Agency (FHFA) purchase only housing price index fell 0.1 percent during the fourth quarter of 2011 and 2.4 percent from the fourth quarter of 2010. On monthly basis, home prices rose 0.7 percent from November to December to an indexed value of 184.2—the highest level since February 2011. Compared to December 2010, this represents a 0.8 percent decline. Across the nation, year-over-year price changes ranged from a 3.8 percent decline in the Pacific region to a 3.0 percent increase in the East South Central region.