Home Prices Fall in 8 of 20 Cities.
S&P Case-Shiller Home Price Index (April 2015)
– 20-city, seasonally adjusted, month/month +0.3%. Previous was +1.0%
– 20-city, not seasonally adjusted, month/month +1.1%. Previous was +0.9%
– 20-city, not seasonally adjusted year/year +4.9%. Previous was +5.0%.
There were lower prices in some cities, in fact, 8 of 20 cities had lower prices in April.
Chicago PMI (June 2015)
– Business Barometer Index 49.4. Previous was 46.2.
Consumer Confidence (Jne 2015)
– Consumer Confidence 101.4. Previous was 94.6.
This is the Conference Board’s Index of Confidence. Is it supposed to be a leading indicator of Retail Sales in the next 60 days.
Redbook Chain Store Sales (week ended 6/27/2015)
– Store Sales year/year +1.7%. Previous was +1.6%.
This is not about store sales being hurt by growth in online purchase. The Consumer Metrics Institute index of online consumer spending has been flatlined for two months.
Source: http://thebasispoint.com/2015/06/30/home-prices-fall-in-8-of-20-cities/
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