- Weekly: **Unemployment Initial Claims Data have been revised**
- US: Housing Starts by State and Region (Feb)
- CPB World Trade Monitor (Jan)
- CPB World Trade Monitor (Jan)
- France: Registered Unemployed & Job Vacancies (Feb)
- US: Household Employment for States and Regions (Feb)
- US: Wholesale Trade Revisions, Advance Durable Goods (Feb)
- Manufacturing Survey - Markit US (Flash - Mar), Composite Survey - US (Flash - Mar), Services Survey - US (Flash - Mar)
- more updates...
Economy in Brief
Correction to Unemployment Insurance Weekly Claims
The Department of Labor has issued a correction to yesterday's annual revision to seasonally adjusted weekly unemployment claims...
EMU PMIs Are Off to the Races...Farewell Mediocrity?
The PMI rankings for the manufacturing and service sector PMIs in the EMU are suddenly off the chart...
U.S. New Home Sales Improve While Prices Decline
Sales of new single-family homes increased 6.1% (12.8% y/y) during February to 592,000 units (AR)...
Kansas City Federal Reserve Factory Index Strengthens; Expectations Surge
The Kansas City Fed reported that its index of regional manufacturing sector business activity increased to 20 during March...
U.S. Initial Unemployment Insurance Claims Rise
Initial claims for unemployment insurance increased to 258,000 (-3.0% y/y) during the week ended March 18...
U.K. Retail Looks Less Bulletproof
For the most part, the assessments embodied in the March survey from the UK's CBI are being taken as being upbeat...
by Tom Moeller February 25, 2016
The U.S. House Price Index from the Federal Housing Finance Agency (FHFA) increased 0.4% during December following a 0.6% November gain, revised from 0.5%. For all of 2015, prices increased a steady 5.7%. During the last three months, prices rose at a 6.1% rate.
Prices were strongest during the last twelve months in the Pacific region where they rose 7.7%, 8.9% in the last three months. The rise was followed by a 7.1% increase in the Mountain states, but the rate cooled in the last three monts. Prices rose 6.9% in the East South Central region, but they jumped 11.6% recently. There was steady 6.6% y/y growth in the South Atlantic area.
Home prices rose between 4.0% and 6.0% from the West South central states to New England, but they gained only a steady 2.6% in the Middle Atlantic states.
The FHFA house price index is a weighted repeat sales index. It measures average price changes in repeat sales of the same property. An associated quarterly index also includes refinancings on the same kinds of properties. The indexes are based on transactions involving conforming, conventional mortgages purchased or securitized by Fannie Mae or Freddie Mac. Only mortgage transactions on single-family properties are included. The FHFA data are available in Haver's USECON database.
|FHFA U.S. House Price Index, Purchase Only (SA %)||Dec||Nov||Oct||Dec Y/Y||2015||2014||2013|
|East South Central||1.9||0.4||0.5||6.9||4.9||3.6||4.2|
|West South Central||0.2||0.1||0.6||5.8||6.5||5.8||6.2|
|West North Central||0.3||0.5||0.5||5.0||4.4||4.1||4.9|
|East North Central||0.6||0.3||0.5||4.3||4.6||4.7||5.4|