Investors have been waiting for the housing market to pick up in order to add one more driver to economic growth. New homes require new appliances and furnishings - to say nothing of the investment in higher insurance. Then there are the parties to celebrate the new status in life!
The Case-Shiller Housing Index should make investors happy.
This index shows a year-to-date increase; 19 of the 20 cities in this index had higher home prices. Here's the monthly data:
Date Index
April 30, 2012: 138.55
Mar. 31, 2012: 137.63
Feb. 29, 2012: 136.63
Jan. 31, 2012: 136.49
Source: http://ycharts.com/indicators/case_shiller_home_price_index_composite_20
The Case-Shiller Housing Index should make investors happy.
This index shows a year-to-date increase; 19 of the 20 cities in this index had higher home prices. Here's the monthly data:
Date Index
April 30, 2012: 138.55
Mar. 31, 2012: 137.63
Feb. 29, 2012: 136.63
Jan. 31, 2012: 136.49
Source: http://ycharts.com/indicators/case_shiller_home_price_index_composite_20
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